TPG RE Finance Trust (NYSE:TRTX) Posts Earnings Results

TPG RE Finance Trust (NYSE:TRTX) announced its earnings results on Tuesday. The company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25, FiscalAI reports. TPG RE Finance Trust had a return on equity of 6.84% and a net margin of 18.14%.The company had revenue of $37.31 million during the quarter, compared to analyst estimates of $37.14 million.

TPG RE Finance Trust Stock Up 1.1%

TRTX stock traded up $0.10 on Thursday, reaching $8.41. 103,615 shares of the company traded hands, compared to its average volume of 740,959. TPG RE Finance Trust has a one year low of $7.44 and a one year high of $9.85. The company has a debt-to-equity ratio of 3.02, a current ratio of 183.34 and a quick ratio of 183.34. The company has a market cap of $651.56 million, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 1.42 and a beta of 1.50. The firm has a fifty day simple moving average of $8.17 and a 200-day simple moving average of $8.67.

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, March 27th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.96 annualized dividend and a dividend yield of 11.4%. TPG RE Finance Trust’s dividend payout ratio is currently 171.43%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TRTX. Zacks Research raised TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings lowered TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Citigroup upgraded TPG RE Finance Trust from a “market perform” rating to an “outperform” rating in a report on Thursday, March 12th. Citizens Jmp upgraded TPG RE Finance Trust from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a report on Thursday, March 12th. Finally, JPMorgan Chase & Co. lowered their target price on TPG RE Finance Trust from $10.50 to $9.50 and set an “overweight” rating for the company in a report on Thursday, April 16th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Long Pond Capital LP increased its holdings in shares of TPG RE Finance Trust by 1.9% in the 4th quarter. Long Pond Capital LP now owns 7,032,626 shares of the company’s stock worth $60,551,000 after purchasing an additional 134,000 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of TPG RE Finance Trust by 5.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,957,587 shares of the company’s stock worth $33,877,000 after purchasing an additional 190,505 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of TPG RE Finance Trust by 5.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company’s stock worth $32,037,000 after purchasing an additional 192,126 shares in the last quarter. State Street Corp increased its holdings in shares of TPG RE Finance Trust by 3.8% in the 4th quarter. State Street Corp now owns 1,793,778 shares of the company’s stock worth $15,861,000 after purchasing an additional 65,382 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of TPG RE Finance Trust by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 1,783,107 shares of the company’s stock worth $15,357,000 after purchasing an additional 37,173 shares in the last quarter. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

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.