TPG RE Finance Trust, Inc. (TRTX) To Go Ex-Dividend on March 27th

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Friday, March 13th. Shareholders of record on Friday, March 27th will be paid a dividend of 0.24 per share on Friday, April 24th. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date of this dividend is Friday, March 27th.

TPG RE Finance Trust has decreased its dividend payment by an average of 0.1%per year 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 tumble.

TPG RE Finance Trust Stock Up 1.1%

NYSE:TRTX traded up $0.09 on Wednesday, hitting $8.00. 44,001 shares of the company’s stock traded hands, compared to its average volume of 779,418. The firm has a 50-day moving average price of $8.65 and a 200-day moving average price of $8.84. TPG RE Finance Trust has a 1 year low of $6.47 and a 1 year high of $9.85. The company has a market cap of $626.41 million, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.53. The company has a current ratio of 183.34, a quick ratio of 183.34 and a debt-to-equity ratio of 3.02.

TPG RE Finance Trust (NYSE:TRTX) last issued its earnings results on Tuesday, February 17th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). TPG RE Finance Trust had a net margin of 18.14% and a return on equity of 6.84%. The company had revenue of $35.04 million for the quarter, compared to analyst estimates of $27.15 million. Equities analysts anticipate that TPG RE Finance Trust will post 0.99 EPS for the current fiscal year.

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.