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

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) declared a quarterly dividend on Friday, September 12th, RTT News reports. Investors of record on Friday, September 26th will be paid a dividend of 0.24 per share on Friday, October 24th. This represents a c) annualized dividend and a dividend yield of 10.2%.

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 decline.

TPG RE Finance Trust Price Performance

Shares of TPG RE Finance Trust stock traded up $0.01 during trading on Friday, hitting $9.44. 754,551 shares of the company were exchanged, compared to its average volume of 600,419. The company has a quick ratio of 193.29, a current ratio of 193.29 and a debt-to-equity ratio of 2.75. TPG RE Finance Trust has a fifty-two week low of $6.47 and a fifty-two week high of $9.85. The stock has a market capitalization of $741.51 million, a price-to-earnings ratio of 14.52, a P/E/G ratio of 2.54 and a beta of 1.68. The firm has a 50 day moving average price of $8.83 and a 200 day moving average price of $8.18.

Analyst Ratings Changes

TRTX has been the subject of several research reports. Zacks Research raised shares of TPG RE Finance Trust from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. Wall Street Zen raised shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of TPG RE Finance Trust from $9.00 to $11.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $9.50.

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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