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

Key Points

• TPG RE Finance Trust, Inc. has declared a quarterly dividend of $0.24 per share, set to be paid on October 24th to investors recorded by September 26th, representing a 10.2% annualized yield.
• The company has a high dividend payout ratio of 87.3%, indicating its current earnings cover the dividend but may be at risk if earnings decline.
• Analysts have upgraded TPG RE Finance Trust, with Zacks raising it to a "strong-buy" rating, and Wells Fargo boosting its price target from $9.00 to $11.00.

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) announced a quarterly dividend on Friday, September 12th, RTT News reports. Stockholders of record on Friday, September 26th will be given a dividend of 0.24 per share on Friday, October 24th. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date is Friday, September 26th.

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 Trading Up 1.1%

Shares of NYSE:TRTX traded up $0.10 during midday trading on Thursday, hitting $9.35. 551,231 shares of the stock were exchanged, compared to its average volume of 666,187. The stock has a market capitalization of $734.82 million, a price-to-earnings ratio of 14.38, a P/E/G ratio of 2.49 and a beta of 1.68. The company has a debt-to-equity ratio of 2.75, a quick ratio of 193.29 and a current ratio of 193.29. The business's 50-day moving average price is $8.91 and its 200 day moving average price is $8.20. TPG RE Finance Trust has a 12 month low of $6.47 and a 12 month high of $9.85.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TRTX shares. Wall Street Zen upgraded TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Zacks Research raised TPG RE Finance Trust from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. JMP Securities reaffirmed a "market perform" rating on shares of TPG RE Finance Trust in a research note on Wednesday. Wells Fargo & Company lifted their price objective on TPG RE Finance Trust from $9.00 to $11.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Citigroup lowered TPG RE Finance Trust to a "market perform" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $9.50.

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.