TPG RE Finance Trust, Inc. to Issue Quarterly Dividend of $0.24 (NYSE:TRTX)

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Friday, June 12th. Investors of record on Friday, June 26th will be given a dividend of 0.24 per share on Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Friday, June 26th.

TPG RE Finance Trust has decreased its dividend payment by an average of 0.1%per year over the last three years. TPG RE Finance Trust has a payout ratio of 87.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect TPG RE Finance Trust to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 93.2%.

TPG RE Finance Trust Trading Up 0.9%

Shares of TRTX stock opened at $8.62 on Wednesday. TPG RE Finance Trust has a twelve month low of $7.57 and a twelve month high of $9.85. The stock’s fifty day simple moving average is $8.40 and its 200 day simple moving average is $8.56. The company has a quick ratio of 201.40, a current ratio of 201.40 and a debt-to-equity ratio of 3.11. The firm has a market capitalization of $666.41 million, a P/E ratio of 13.68, a P/E/G ratio of 1.74 and a beta of 1.41.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Tuesday, April 28th. The company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. The firm had revenue of $37.31 million during the quarter, compared to the consensus estimate of $37.15 million. TPG RE Finance Trust had a return on equity of 6.91% and a net margin of 19.38%. As a group, sell-side analysts predict that TPG RE Finance Trust will post 0.93 EPS for the current fiscal year.

Hedge Funds Weigh In On TPG RE Finance Trust

Hedge funds have recently bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new stake in TPG RE Finance Trust during the fourth quarter valued at $30,000. Kestra Advisory Services LLC bought a new position in shares of TPG RE Finance Trust in the 4th quarter worth about $30,000. Russell Investments Group Ltd. raised its position in shares of TPG RE Finance Trust by 2,454.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock worth $51,000 after acquiring an additional 5,718 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of TPG RE Finance Trust by 86.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock valued at $50,000 after purchasing an additional 3,013 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of TPG RE Finance Trust by 249.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock valued at $53,000 after purchasing an additional 4,865 shares during the period. Institutional investors own 57.12% of the company’s stock.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.