TPG RE Finance Trust (NYSE:TRTX) Announces Earnings Results, Misses Expectations By $0.03 EPS

TPG RE Finance Trust (NYSE:TRTX) released its quarterly earnings results on Tuesday. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03), FiscalAI reports. TPG RE Finance Trust had a return on equity of 6.80% and a net margin of 18.14%.The firm had revenue of $35.04 million during the quarter, compared to analysts’ expectations of $27.15 million.

TPG RE Finance Trust Trading Down 3.9%

Shares of TPG RE Finance Trust stock opened at $8.46 on Thursday. TPG RE Finance Trust has a 1-year low of $6.47 and a 1-year high of $9.85. The stock has a market cap of $662.31 million, a P/E ratio of 15.11, a P/E/G ratio of 1.69 and a beta of 1.53. The stock’s 50 day simple moving average is $8.99 and its 200-day simple moving average is $8.99. The company has a debt-to-equity ratio of 2.61, a current ratio of 166.64 and a quick ratio of 166.64.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, December 26th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend was Friday, December 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 171.43%.

Institutional Trading of TPG RE Finance Trust

Institutional investors have recently made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new stake in TPG RE Finance Trust during the fourth quarter worth $30,000. Kestra Advisory Services LLC purchased a new position in shares of TPG RE Finance Trust during the fourth quarter worth $30,000. Russell Investments Group Ltd. grew its stake in shares of TPG RE Finance Trust by 2,454.1% in the third quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock valued at $51,000 after buying an additional 5,718 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of TPG RE Finance Trust by 86.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock valued at $50,000 after buying an additional 3,013 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in TPG RE Finance Trust by 249.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock valued at $53,000 after acquiring an additional 4,865 shares during the period. Hedge funds and other institutional investors own 57.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings lowered shares of TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Zacks Research cut TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TPG RE Finance Trust from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.75.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.