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

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) announced a quarterly dividend on Monday, June 16th, RTT News reports. Shareholders of record on Friday, July 25th will be paid a dividend of 0.24 per share on Friday, June 27th. This represents a $0.96 dividend on an annualized basis and a yield of 12.11%. The ex-dividend date is Friday, June 27th.

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 decline.

TPG RE Finance Trust Stock Performance

TRTX stock traded up $0.08 during trading hours on Thursday, reaching $7.93. The stock had a trading volume of 946,712 shares, compared to its average volume of 654,773. The stock has a market capitalization of $632.89 million, a PE ratio of 11.32, a price-to-earnings-growth ratio of 2.37 and a beta of 1.62. The company has a debt-to-equity ratio of 2.52, a current ratio of 182.89 and a quick ratio of 182.89. The stock has a 50-day simple moving average of $7.60 and a 200 day simple moving average of $8.16. TPG RE Finance Trust has a fifty-two week low of $6.47 and a fifty-two week high of $9.66.

Analyst Upgrades and Downgrades

A number of analysts have commented on TRTX shares. Wells Fargo & Company cut their price target on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen lowered shares of TPG RE Finance Trust from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $9.50.

Hedge Funds Weigh In On TPG RE Finance Trust

Several large investors have recently modified their holdings of the stock. Strs Ohio bought a new position in shares of TPG RE Finance Trust in the first quarter valued at about $87,000. Goldman Sachs Group Inc. increased its position in TPG RE Finance Trust by 5.1% during the first quarter. Goldman Sachs Group Inc. now owns 3,930,865 shares of the company's stock worth $32,037,000 after acquiring an additional 192,126 shares during the period. Finally, AQR Capital Management LLC bought a new position in TPG RE Finance Trust during the first quarter worth about $127,000. 57.12% of the stock is owned by institutional investors.

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 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.