TPG RE Finance Trust Inc (NYSE:TRTX) declared a quarterly dividend on Wednesday, June 17th, Zacks reports. Stockholders of record on Friday, June 26th will be given a dividend of 0.20 per share on Friday, July 24th. This represents a $0.80 annualized dividend and a dividend yield of 9.17%. The ex-dividend date of this dividend is Thursday, June 25th.
TPG RE Finance Trust has a dividend payout ratio of -207.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect TPG RE Finance Trust to earn $0.79 per share next year, which means the company may not be able to cover its $1.72 annual dividend with an expected future payout ratio of 217.7%.
TPG RE Finance Trust stock opened at $8.72 on Friday. The firm has a market cap of $673.00 million, a PE ratio of -5.01 and a beta of 1.93. TPG RE Finance Trust has a 52-week low of $2.45 and a 52-week high of $21.30. The company has a quick ratio of 225.54, a current ratio of 225.54 and a debt-to-equity ratio of 3.62. The company's 50 day moving average is $7.71 and its two-hundred day moving average is $13.97.
A number of research firms have recently weighed in on TRTX. JMP Securities cut their price objective on TPG RE Finance Trust from $21.00 to $8.00 and set an "outperform" rating on the stock in a research report on Monday, April 6th. Zacks Investment Research upgraded TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. Wells Fargo & Co reduced their price target on TPG RE Finance Trust from $22.00 to $9.00 and set an "overweight" rating on the stock in a research report on Thursday, May 14th. Citigroup boosted their price objective on TPG RE Finance Trust from $4.00 to $6.00 and gave the stock a "neutral" rating in a research report on Friday, May 15th. Finally, ValuEngine raised shares of TPG RE Finance Trust from a "hold" rating to a "buy" rating in a report on Thursday, May 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. The stock presently has a consensus rating of "Buy" and a consensus price target of $13.42.
About TPG RE Finance Trust
TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in North America. It invests in commercial mortgage loans; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.
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