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

Key Points

• TPG RE Finance Trust declared a quarterly dividend of $0.24 per share, payable October 23 to shareholders of record September 28. The dividend implies a 13.1% annualized yield, with a projected future payout ratio of 94.1%.
• TRTX shares opened at $7.30, near their 52-week low of $7.28, after the company reported quarterly EPS of $0.23—below the $0.26 analyst consensus—and revenue of $34.01 million, also below estimates.
• Analyst sentiment remains moderately positive, with a consensus rating of “Moderate Buy” and a $10.00 price target, despite recent rating changes including UBS’s downgrade to neutral.

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) 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) annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend is Monday, September 28th.

TPG RE Finance Trust has decreased its dividend by an average of 0.1%annually over the last three years. TPG RE Finance Trust has a dividend 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 tumble. Equities 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%

Shares of TRTX opened at $7.30 on Friday. TPG RE Finance Trust has a 52-week low of $7.28 and a 52-week high of $9.41. The company has a quick ratio of 200.26, a current ratio of 200.26 and a debt-to-equity ratio of 3.30. The firm's fifty day moving average is $8.02 and its two-hundred day moving average is $8.19. The stock has a market cap of $560.80 million, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TRTX shares. UBS Group cut TPG RE Finance Trust to a "neutral" rating in a report on Thursday. Citigroup reissued a "market outperform" rating on shares of TPG RE Finance Trust in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an "overweight" rating in a report on Friday, July 17th. Wall Street Zen raised shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Saturday, September 5th. Finally, Weiss Ratings downgraded shares of TPG RE Finance Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, September 1st. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.00.

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.

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