TPG RE Finance Trust, Inc. (NYSE:TRTX) Declares Quarterly Dividend of $0.39

Key Points

• TPG RE Finance Trust, Inc. has declared a quarterly dividend of $0.39 per share, which is a 62.8% increase from its previous dividend of $0.24, providing a dividend yield of 16.1%.
• The company has a dividend payout ratio of 87.3%, indicating that the dividend is currently covered by earnings, though this may change if earnings decline.
• As of midday trading, TPG RE Finance Trust's stock price rose 0.4% to $9.72, supported by heightened trading volume compared to its average.

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) announced a quarterly dividend on Monday, September 8th, RTT News reports. Stockholders of record on Friday, September 19th will be given a dividend of 0.3906 per share on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 16.1%. This is a 62.8% increase from TPG RE Finance Trust's previous quarterly dividend of $0.24.

TPG RE Finance Trust has a dividend payout ratio of 87.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble.

TPG RE Finance Trust Stock Up 0.4%

Shares of NYSE TRTX traded up $0.04 during midday trading on Monday, hitting $9.72. 1,081,737 shares of the stock traded hands, compared to its average volume of 537,662. The company has a market cap of $763.50 million, a PE ratio of 14.95, a P/E/G ratio of 2.60 and a beta of 1.68. TPG RE Finance Trust has a one year low of $6.47 and a one year high of $9.85. The business has a 50 day moving average price of $8.71 and a two-hundred day moving average price of $8.15. The company has a debt-to-equity ratio of 2.75, a quick ratio of 193.29 and a current ratio of 193.29.

Institutional Investors Weigh In On TPG RE Finance Trust

Several institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its position in TPG RE Finance Trust by 473.7% in the second quarter. CWM LLC now owns 3,517 shares of the company's stock worth $27,000 after purchasing an additional 2,904 shares during the last quarter. Arlington Trust Co LLC purchased a new position in shares of TPG RE Finance Trust during the 1st quarter valued at $41,000. BNP Paribas Financial Markets lifted its position in shares of TPG RE Finance Trust by 86.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company's stock valued at $50,000 after buying an additional 3,013 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of TPG RE Finance Trust by 249.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company's stock valued at $53,000 after buying an additional 4,865 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in shares of TPG RE Finance Trust by 24.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,998 shares of the company's stock valued at $54,000 after buying an additional 1,375 shares during the last quarter. Institutional investors own 57.12% of the company's stock.

TPG RE Finance Trust Company Profile

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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