TPG RE Finance Trust (NYSE:TRTX) Announces Earnings Results

Key Points

• TPG RE Finance Trust reported earnings of $0.19 EPS, missing the consensus estimate of $0.24 EPS by $0.05.
• The company announced a quarterly dividend of $0.24 per share, with a significant annualized yield of 11.44%.
• Institutional investors hold 57.12% of TPG RE Finance Trust's stock, indicating substantial interest from larger market players.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05), Zacks reports. The firm had revenue of $36.20 million during the quarter, compared to the consensus estimate of $25.20 million. TPG RE Finance Trust had a return on equity of 6.61% and a net margin of 21.09%.

TPG RE Finance Trust Stock Performance

Shares of NYSE TRTX traded down $0.02 during midday trading on Friday, reaching $8.68. 687,030 shares of the stock were exchanged, compared to its average volume of 627,402. The firm has a 50-day simple moving average of $8.02 and a two-hundred day simple moving average of $8.03. The company has a quick ratio of 182.89, a current ratio of 193.29 and a debt-to-equity ratio of 2.75. The firm has a market cap of $682.16 million, a price-to-earnings ratio of 13.35, a PEG ratio of 2.54 and a beta of 1.63. TPG RE Finance Trust has a twelve month low of $6.47 and a twelve month high of $9.31.

TPG RE Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, July 25th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.1%. TPG RE Finance Trust's dividend payout ratio (DPR) is presently 147.69%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRTX. Goldman Sachs Group Inc. grew its position in shares of 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 buying an additional 192,126 shares in the last quarter. AQR Capital Management LLC acquired a new stake in TPG RE Finance Trust in the first quarter valued at $127,000. Finally, Strs Ohio acquired a new stake in shares of TPG RE Finance Trust during the first quarter valued at $87,000. Hedge funds and other institutional investors own 57.12% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Saturday. JPMorgan Chase & Co. increased their price target 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, Wells Fargo & Company raised their target price on shares of TPG RE Finance Trust from $9.00 to $11.00 and gave the stock an "overweight" rating in a research report on Thursday.

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.