TPG RE Finance Trust, Inc. (NYSE:TRTX) Raises Dividend to $0.39 Per Share

TPG RE Finance Trust, Inc. (NYSE:TRTX – Get Free Report) declared a quarterly dividend on Monday, June 8th. Investors of record on Thursday, June 18th will be paid a dividend of 0.3906 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 18.8%. The ex-dividend date is Thursday, June 18th. This is a 62.8% increase from TPG RE Finance Trust’s previous quarterly dividend of $0.24.

TPG RE Finance Trust has decreased its dividend by an average of 0.1%annually over the last three years. TPG RE Finance Trust has a payout ratio of 87.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect TPG RE Finance Trust to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 93.2%.

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TPG RE Finance Trust Price Performance

NYSE:TRTX opened at $8.32 on Tuesday. The company has a quick ratio of 201.40, a current ratio of 201.40 and a debt-to-equity ratio of 3.11. The business’s 50-day simple moving average is $8.23 and its two-hundred day simple moving average is $8.59. The stock has a market cap of $642.83 million, a PE ratio of 13.20, a P/E/G ratio of 1.71 and a beta of 1.42. TPG RE Finance Trust has a 52 week low of $7.57 and a 52 week high of $9.85.

TPG RE Finance Trust (NYSE:TRTX – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $37.31 million for the quarter, compared to analysts’ expectations of $37.15 million. TPG RE Finance Trust had a return on equity of 6.91% and a net margin of 19.38%. As a group, analysts forecast that TPG RE Finance Trust will post 0.94 EPS for the current fiscal year.

TPG RE Finance Trust Company Profile

(Get Free Report)

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.

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