About TPG Real Estate Finance Trust (NYSE:TRTX)
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; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. TPG RE Finance Trust, Inc. was incorporated in 2014 and is based in New York, New York.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:TRTX
CUSIPN/A
Phone212-601-4700
Debt
Debt-to-Equity Ratio1.52%
Current Ratio10.96%
Quick Ratio10.96%
Price-To-Earnings
Trailing P/E Ratio11.31
Forward P/E Ratio10.57
P/E Growth2.1
Sales & Book Value
Annual Sales$200.60 million
Price / Sales5.83
Cash Flow$1.4612 per share
Price / Cash13.53
Book Value$20.15 per share
Price / Book0.98
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
EmployeesN/A
Outstanding Shares59,170,000
TPG Real Estate Finance Trust (NYSE:TRTX) Frequently Asked Questions
What is TPG Real Estate Finance Trust's stock symbol?
TPG Real Estate Finance Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRTX."
How often does TPG Real Estate Finance Trust pay dividends? What is the dividend yield for TPG Real Estate Finance Trust?
TPG Real Estate Finance Trust announced a quarterly dividend on Monday, March 19th. Investors of record on Thursday, March 29th will be given a dividend of $0.42 per share on Wednesday, April 25th. This represents a $1.68 annualized dividend and a yield of 8.50%. The ex-dividend date of this dividend is Wednesday, March 28th. View TPG Real Estate Finance Trust's Dividend History.
How were TPG Real Estate Finance Trust's earnings last quarter?
TPG Real Estate Finance Trust (NYSE:TRTX) issued its earnings results on Monday, February, 26th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. The firm had revenue of $31.47 million for the quarter, compared to analysts' expectations of $31.58 million. View TPG Real Estate Finance Trust's Earnings History.
What price target have analysts set for TRTX?
7 equities research analysts have issued 1-year price targets for TPG Real Estate Finance Trust's shares. Their predictions range from $20.50 to $22.00. On average, they expect TPG Real Estate Finance Trust's share price to reach $21.2857 in the next twelve months. View Analyst Ratings for TPG Real Estate Finance Trust.
Who are some of TPG Real Estate Finance Trust's key competitors?
Some companies that are related to TPG Real Estate Finance Trust include STAG Industrial (STAG), Rexford Industrial Realty (REXR), Diamondrock Hospitality (DRH), Washington Real Estate Investment Trust (WRE), PotlatchDeltic (PCH), Tanger Factory Outlet Centers (SKT), MGM Growth Properties (MGP), Apollo Commercial Real Estat (ARI), Acadia Realty Trust (AKR), Retail Opportunity Inv (ROIC), Lexington Realty Trust (LXP), Invesco Mortgage Capital (IVR), Chesapeake Lodging (CHSP), QTS Realty Trust (QTS), Select Income REIT (SIR), Alexander & Baldwin (ALEX), Ladder Capital (LADR) and American Assets Trust (AAT).
Who are TPG Real Estate Finance Trust's key executives?
TPG Real Estate Finance Trust's management team includes the folowing people:
- Mr. Robert R. Foley, Chief Financial & Risk Officer and Principal Accounting Officer (Age 58)
- Ms. Greta Guggenheim, CEO, Pres & Director (Age 59)
- Ms. Deborah Ginsberg, VP & Sec. (Age 39)
- Mr. Matthew J. Coleman J.D., Esq., VP (Age 41)
- Mr. Peter Smith, VP (Age 52)
When did TPG Real Estate Finance Trust IPO?
(TRTX) raised $226 million in an IPO on Thursday, July 20th 2017. The company issued 11,000,000 shares at $20.00-$21.00 per share. BofA Merrill Lynch, Citigroup, Goldman Sachs, Wells Fargo Securities, Deutsche Bank Securities, J. P. Morgan, Morgan Stanley and Barclays served as the underwriters for the IPO and TPG Capital BD and JMP Securities were co-managers.
Has TPG Real Estate Finance Trust been receiving favorable news coverage?
News articles about TRTX stock have been trending somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TPG Real Estate Finance Trust earned a coverage optimism score of 0.03 on Accern's scale. They also assigned news coverage about the company an impact score of 45.70 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
How do I buy shares of TPG Real Estate Finance Trust?
Shares of TRTX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is TPG Real Estate Finance Trust's stock price today?
One share of TRTX stock can currently be purchased for approximately $19.77.
How big of a company is TPG Real Estate Finance Trust?
TPG Real Estate Finance Trust has a market capitalization of $1.16 billion and generates $200.60 million in revenue each year. The company earns $94.35 million in net income (profit) each year or $1.74 on an earnings per share basis.
How can I contact TPG Real Estate Finance Trust?
TPG Real Estate Finance Trust's mailing address is 888 SEVENTH AVENUE 35TH FLOOR, NEW YORK NY, 10106. The company can be reached via phone at 212-601-4700 or via email at [email protected]
MarketBeat Community Rating for TPG Real Estate Finance Trust (TRTX)
MarketBeat's community ratings are surveys of what our community members think about TPG Real Estate Finance Trust and other stocks. Vote "Outperform" if you believe TRTX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TRTX will underperform the S&P 500 over the long term. You may vote once every thirty days.
TPG Real Estate Finance Trust (NYSE:TRTX) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for TPG Real Estate Finance Trust in the last 12 months. Their average twelve-month price target is $21.2857, suggesting that the stock has a possible upside of 7.67%. The high price target for TRTX is $22.00 and the low price target for TRTX is $20.50. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.71 | 2.60 | 2.60 | 2.60 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $21.2857 | $21.20 | $21.20 | $21.20 |
| Price Target Upside: | 7.67% upside | 6.53% upside | 6.53% upside | 6.53% upside |
TPG Real Estate Finance Trust (NYSE:TRTX) Consensus Price Target History
TPG Real Estate Finance Trust (NYSE:TRTX) Analyst Ratings History
Show:
(Data available from 4/23/2016 forward)
TPG Real Estate Finance Trust (NYSE:TRTX) Dividend Information
TPG Real Estate Finance Trust pays an annual dividend of $1.68 per share, with a dividend yield of 8.50%. TRTX's next quarterly dividend payment will be made on Wednesday, April 25. TPG Real Estate Finance Trust pays out 96.55% of its earnings out as a dividend.
| Next Dividend: | 4/25/2018 |
| Annual Dividend: | $1.68 |
| Dividend Yield: | 8.50% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 96.55% (Trailing 12 Months of Earnings)
89.84% (Based on This Year's Estimates)
86.15% (Based on Next Year's Estimates)
|
TPG Real Estate Finance Trust (NYSE:TRTX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/19/2018 | Quarterly | $0.42 | | 3/28/2018 | 3/29/2018 | 4/25/2018 |
| 12/20/2017 | quarterly | $0.38 | 7.8% | 12/28/2017 | 12/29/2017 | 1/25/2018 |
| 9/27/2017 | Annual | $0.33 | | 10/5/2017 | 10/6/2017 | 10/25/2017 |
(Data available from 1/1/2013 forward)
TPG Real Estate Finance Trust (NYSE TRTX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.49%
Institutional Ownership Percentage: 32.45%
TPG Real Estate Finance Trust (NYSE TRTX) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/1/2017 | Greta Guggenheim | CEO | Buy | 10,000 | $19.19 | $191,900.00 | |  |
(Data available from 1/1/2013 forward)
TPG Real Estate Finance Trust (NYSE TRTX) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | TPG RE Finance Trust (TRTX) Now Covered by Wells Fargo
www.americanbankingnews.com - April 16 at 7:39 AM |
| TPG RE Finance Trust Inc (TRTX) Expected to Announce Quarterly Sales of $34.52 Million
www.americanbankingnews.com - April 9 at 2:52 AM |
| Zacks: Brokerages Expect TPG RE Finance Trust Inc (TRTX) Will Post Earnings of $0.43 Per Share
www.americanbankingnews.com - April 7 at 1:20 PM |
| Zacks Investment Research Downgrades TPG RE Finance Trust (TRTX) to Sell
www.americanbankingnews.com - April 6 at 9:50 PM |
| TPG RE Finance Trust Inc (TRTX) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - April 1 at 5:48 AM |
| TPG RE Finance Trust (TRTX) Cut to Hold at Zacks Investment Research
www.americanbankingnews.com - March 31 at 11:54 AM |
| TPG RE Finance Trust (TRTX) Upgraded to "Buy" by Zacks Investment Research
www.americanbankingnews.com - March 30 at 11:02 AM |
| TPG RE Finance Trust (TRTX) Receives New Coverage from Analysts at Raymond James Financial
www.americanbankingnews.com - March 27 at 8:45 AM |
| TPG RE Finance Trust Inc (TRTX) Announces $0.42 Quarterly Dividend
www.americanbankingnews.com - March 23 at 2:31 PM |
| TPG RE Finance Trust (TRTX) Downgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - March 23 at 10:08 AM |
| Zacks Investment Research Upgrades TPG RE Finance Trust (TRTX) to Buy
www.americanbankingnews.com - March 22 at 1:53 PM |
 | TPG RE Finance Trust Inc. (TRTX) Declares $0.42 Quarterly Dividend; 8.3% Yield
www.streetinsider.com - March 22 at 7:36 AM |
 | TPG RE Finance Trust, Inc. Declares Cash Dividend of $0.42 Per Share
finance.yahoo.com - March 20 at 7:33 AM |
| Edited Transcript of TRTX.N earnings conference call or presentation 27-Feb-18 1:30pm GMT
finance.yahoo.com - March 18 at 7:31 AM |
| TPG RE Finance Trust (TRTX) Rating Lowered to Buy at ValuEngine
www.americanbankingnews.com - March 11 at 8:18 PM |
| TPG RE Finance Trust Inc (TRTX) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - March 7 at 5:58 AM |
| TPG RE Finance Trust, Inc. to Present at the Citi 2018 Global Property CEO Conference
finance.yahoo.com - March 1 at 7:09 AM |
| TPG RE Finance Trust, Inc. to Present at the 21st Annual Wells Fargo Real Estate Securities Conference
finance.yahoo.com - March 1 at 7:09 AM |
| TPG RE Finance Trust (TRTX) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
www.americanbankingnews.com - February 27 at 10:14 AM |
| TPG RE Finance Trust, Inc. Reports Fourth Quarter and Full Year Ended December 31, 2017 Results
finance.yahoo.com - February 27 at 6:49 AM |
| TPG RE Finance Trust beats 4Q profit forecasts
finance.yahoo.com - February 27 at 6:49 AM |
| Cash America International (CSH) and TPG RE Finance Trust (TRTX) Financial Review
www.americanbankingnews.com - February 18 at 3:16 AM |
| TPG RE Finance Trust, Inc. Closes $932.4 Million Commercial Real Estate CLO
finance.yahoo.com - February 15 at 9:49 AM |
| TPG Real Estate Finance 2018-FL1 Issuer, Ltd. -- Moody's assigns ratings to one class of notes issued by TPG 2018-FL1
finance.yahoo.com - February 15 at 9:49 AM |
 | Everybody's Talking 'Bout The New REIT In Town
seekingalpha.com - February 11 at 8:02 AM |
| TPG Real Estate Finance 2018-FL1 Issuer, Ltd. -- Moody's assigns a provisional rating to one class of notes to be issued by TPG 2018-FL1
finance.yahoo.com - February 2 at 5:48 PM |
| TPG RE Finance Trust, Inc. Announces Tax Treatment of 2017 Dividends
finance.yahoo.com - January 29 at 5:29 PM |
| TPG RE Finance Trust, Inc. Announces Fourth Quarter and Full Year 2017 Earnings Release and Conference Call
finance.yahoo.com - January 25 at 5:31 PM |
| TPG RE Finance Trust Inc (TRTX) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - January 25 at 1:30 AM |
| TPG RE Finance Trust, Inc. breached its 50 day moving average in a Bearish Manner : TRTX-US : October 18, 2017
finance.yahoo.com - January 23 at 5:59 PM |
| TPG RE Finance Trust, Inc. Announces Results for the Quarter Ended September 30, 2017
finance.yahoo.com - January 23 at 5:59 PM |
| Edited Transcript of TRTX.N earnings conference call or presentation 7-Nov-17 1:30pm GMT
finance.yahoo.com - January 23 at 5:59 PM |
| TPG RE Finance Trust, Inc. breached its 50 day moving average in a Bullish Manner : TRTX-US : November 22, 2017
finance.yahoo.com - January 23 at 5:59 PM |
| TPG RE Finance Trust, Inc. Declares Cash Dividend of $0.38 Per Share
finance.yahoo.com - January 23 at 5:59 PM |
| TPG RE Finance Trust, Inc. breached its 50 day moving average in a Bearish Manner : TRTX-US : December 29, 2017
finance.yahoo.com - January 23 at 5:59 PM |
| Analyzing TPG RE Finance Trust (TRTX) and Synchrony Financial (SYF)
www.americanbankingnews.com - January 13 at 5:54 AM |
| TPG RE Finance Trust, Inc.'s Lock-Up Period Set To End on January 16th (NYSE:TRTX)
www.americanbankingnews.com - January 9 at 1:22 AM |
| Analyzing Synchrony Financial (SYF) & TPG RE Finance Trust (TRTX)
www.americanbankingnews.com - January 7 at 9:14 AM |
| Comparing FirstCash (FCFS) & TPG RE Finance Trust (TRTX)
www.americanbankingnews.com - January 6 at 10:42 AM |
| TPG RE Finance Trust, Inc. (TRTX) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - December 31 at 1:58 AM |
| Reviewing TPG RE Finance Trust (TRTX) and Its Competitors
www.americanbankingnews.com - December 26 at 5:48 AM |
| Head to Head Survey: World Acceptance (WRLD) versus TPG RE Finance Trust (TRTX)
www.americanbankingnews.com - December 25 at 1:34 AM |
| Reviewing TPG RE Finance Trust (TRTX) and The Competition
www.americanbankingnews.com - December 24 at 5:15 AM |
| TPG RE Finance Trust, Inc. (TRTX) Announces $0.38 Quarterly Dividend
www.americanbankingnews.com - December 20 at 8:08 PM |
| Stonegate Mortgage (SGM) and TPG RE Finance Trust (TRTX) Financial Contrast
www.americanbankingnews.com - December 20 at 3:22 AM |
| LendingClub (LC) & TPG RE Finance Trust (TRTX) Head to Head Review
www.americanbankingnews.com - December 18 at 7:22 PM |
| Head to Head Analysis: TPG RE Finance Trust (TRTX) & OneMain (OMF)
www.americanbankingnews.com - December 10 at 1:30 AM |
| Financial Survey: TPG RE Finance Trust (TRTX) and Its Rivals
www.americanbankingnews.com - December 9 at 11:42 PM |
| Head to Head Analysis: First Cash (FCFS) vs. TPG RE Finance Trust (TRTX)
www.americanbankingnews.com - December 9 at 7:18 PM |
| TPG RE Finance Trust, Inc. (TRTX) Given Average Recommendation of "Buy" by Analysts
www.americanbankingnews.com - December 6 at 1:46 AM |
TPG Real Estate Finance Trust (NYSE:TRTX) SEC Filings
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TPG Real Estate Finance Trust (NYSE:TRTX) Income Statement, Balance Sheet and Cash Flow Statement
TPG Real Estate Finance Trust (NYSE TRTX) Stock Chart for Monday, April, 23, 2018
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