Equities research analysts predict that TPG RE Finance Trust Inc (NYSE:TRTX) will report earnings per share of $0.44 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for TPG RE Finance Trust’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.43. TPG RE Finance Trust posted earnings per share of $0.43 in the same quarter last year, which suggests a positive year over year growth rate of 2.3%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, February 18th.
According to Zacks, analysts expect that TPG RE Finance Trust will report full-year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.78. For the next year, analysts expect that the company will report earnings of $1.77 per share, with EPS estimates ranging from $1.69 to $1.81. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow TPG RE Finance Trust.
TRTX has been the subject of a number of research analyst reports. Zacks Investment Research raised TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, January 31st. Compass Point initiated coverage on TPG RE Finance Trust in a research note on Monday, December 2nd. They set a “buy” rating and a $21.50 price target for the company.
Several large investors have recently made changes to their positions in the company. Emerald Advisers LLC purchased a new position in TPG RE Finance Trust during the 4th quarter worth $29,000. Point72 Asset Management L.P. purchased a new position in TPG RE Finance Trust during the 4th quarter worth $32,000. CWM LLC purchased a new position in TPG RE Finance Trust during the 4th quarter worth $33,000. Emerald Mutual Fund Advisers Trust purchased a new position in TPG RE Finance Trust during the 4th quarter worth $44,000. Finally, Parallel Advisors LLC grew its stake in TPG RE Finance Trust by 51.3% during the 4th quarter. Parallel Advisors LLC now owns 2,510 shares of the company’s stock worth $51,000 after buying an additional 851 shares during the last quarter. Institutional investors and hedge funds own 52.90% of the company’s stock.
Shares of NYSE:TRTX traded down $0.02 during trading on Friday, hitting $20.70. The company had a trading volume of 250,900 shares, compared to its average volume of 353,471. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 12.03 and a beta of 0.34. TPG RE Finance Trust has a one year low of $19.00 and a one year high of $20.90. The company has a fifty day simple moving average of $20.49 and a two-hundred day simple moving average of $20.09. The company has a debt-to-equity ratio of 2.88, a current ratio of 41.26 and a quick ratio of 41.26.
The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, December 27th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.31%. TPG RE Finance Trust’s dividend payout ratio is presently 101.18%.
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 North America. 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.
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