TPG RE Finance Trust (NYSE:TRTX - Get Free Report) is set to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect TPG RE Finance Trust to post earnings of $0.17 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.
TPG RE Finance Trust Stock Performance
TRTX stock traded up $0.23 during trading on Tuesday, hitting $7.84. 554,021 shares of the company's stock traded hands, compared to its average volume of 645,673. The company has a quick ratio of 158.41, a current ratio of 158.41 and a debt-to-equity ratio of 2.46. TPG RE Finance Trust has a 52 week low of $4.64 and a 52 week high of $8.12. The stock has a fifty day moving average price of $7.29 and a two-hundred day moving average price of $6.50. The stock has a market capitalization of $610.50 million, a price-to-earnings ratio of -4.64 and a beta of 2.10.
TPG RE Finance Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.96 annualized dividend and a yield of 12.24%. TPG RE Finance Trust's payout ratio is -56.80%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on TRTX. Bank of America reissued an "underperform" rating and set a $6.50 price target on shares of TPG RE Finance Trust in a report on Monday, March 4th. Raymond James downgraded shares of TPG RE Finance Trust from a "strong-buy" rating to an "outperform" rating and set a $8.50 price target for the company. in a report on Friday, April 12th. JPMorgan Chase & Co. boosted their price target on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the company a "neutral" rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company upped their price objective on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $7.70.
View Our Latest Stock Report on TPG RE Finance Trust
About TPG RE Finance Trust
(
Get Free Report)
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 the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.
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