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

TPG RE Finance Trust, Inc. (NYSE:TRTX) declared a quarterly dividend on Thursday, September 17th. Investors of record on Monday, September 28th will be given a dividend of 0.24 per share on Friday, October 23rd. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date is Monday, September 28th.

TPG RE Finance Trust has decreased its dividend payment by an average of 0.1%annually over the last three years. TPG RE Finance Trust has a payout ratio of 87.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect TPG RE Finance Trust to earn $1.02 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 94.1%.

TPG RE Finance Trust Trading Down 0.2%

TRTX opened at $7.30 on Friday. The firm has a market capitalization of $560.80 million, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The company’s 50 day simple moving average is $8.02 and its two-hundred day simple moving average is $8.19. TPG RE Finance Trust has a 1-year low of $7.28 and a 1-year high of $9.41. The company has a debt-to-equity ratio of 3.30, a current ratio of 200.26 and a quick ratio of 200.26.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). TPG RE Finance Trust had a return on equity of 6.85% and a net margin of 17.03%.The business had revenue of $34.01 million for the quarter, compared to analyst estimates of $37.30 million. Analysts expect that TPG RE Finance Trust will post 0.92 EPS for the current fiscal year.

Institutional Investors Weigh In On TPG RE Finance Trust

Large investors have recently modified their holdings of the stock. Quantinno Capital Management LP boosted its stake in shares of TPG RE Finance Trust by 30.0% during the 1st quarter. Quantinno Capital Management LP now owns 19,644 shares of the company’s stock worth $153,000 after acquiring an additional 4,537 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of TPG RE Finance Trust in the 2nd quarter worth $70,000. Pictet Asset Management Holding SA bought a new position in TPG RE Finance Trust in the 1st quarter worth $88,000. Ieq Capital LLC bought a new position in TPG RE Finance Trust in the 2nd quarter worth $128,000. Finally, The Manufacturers Life Insurance Company purchased a new position in TPG RE Finance Trust during the second quarter valued at $150,000. Hedge funds and other institutional investors own 57.12% of the company’s stock.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc is a real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily focuses on senior mortgage loans secured by institutional-quality properties in major U.S. markets.

Its portfolio may include loans backed by a range of commercial property types, such as multifamily, office, hospitality, industrial, retail and other commercial assets. TPG RE Finance Trust generally seeks to provide financing to owners and operators of income-producing real estate while managing credit, interest-rate and other investment risks.

The company was established in 2014 and is externally managed by TPG RE Finance Trust Management, LLC, an affiliate of global alternative asset manager TPG Inc Through its relationship with TPG, the company benefits from access to real estate investment and lending expertise.