TPG RE Finance Trust, Inc. (TRTX) to Issue Quarterly Dividend of $0.24 on July 24th

TPG RE Finance Trust, Inc. (NYSE:TRTXGet Free Report) announced a quarterly dividend on Friday, June 12th. Stockholders of record on Friday, June 26th will be paid a dividend of 0.24 per share on Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend is Friday, June 26th.

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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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%.

TPG RE Finance Trust Stock Performance

TRTX opened at $8.62 on Wednesday. TPG RE Finance Trust has a 52-week low of $7.57 and a 52-week high of $9.85. 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 company has a market cap of $666.41 million, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41. The firm’s 50-day moving average price is $8.40 and its 200-day moving average price is $8.56.

TPG RE Finance Trust (NYSE:TRTXGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. The firm had revenue of $37.31 million during the quarter, compared to analyst estimates of $37.15 million. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%. As a group, equities analysts anticipate that TPG RE Finance Trust will post 0.93 EPS for the current fiscal year.

Institutional Trading of TPG RE Finance Trust

Several institutional investors and hedge funds have recently bought and sold shares of TRTX. Empowered Funds LLC purchased a new stake in shares of TPG RE Finance Trust in the 1st quarter valued at $217,000. Quantinno Capital Management LP raised its holdings in shares of TPG RE Finance Trust by 30.0% during the first quarter. Quantinno Capital Management LP now owns 19,644 shares of the company’s stock worth $153,000 after purchasing an additional 4,537 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of TPG RE Finance Trust by 60.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock worth $7,260,000 after purchasing an additional 350,020 shares during the last quarter. Jennison Associates LLC acquired a new position in TPG RE Finance Trust during the first quarter valued at $1,330,000. Finally, Y Intercept Hong Kong Ltd lifted its position in TPG RE Finance Trust by 318.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 136,659 shares of the company’s stock valued at $1,067,000 after purchasing an additional 103,986 shares during the period. 57.12% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

Dividend History for TPG RE Finance Trust (NYSE:TRTX)

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