TPG RE Finance Trust, Inc. Declares Quarterly Dividend of $0.24 (NYSE:TRTX)

TPG RE Finance Trust, Inc. (NYSE:TRTX) declared a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Stockholders of record on Friday, December 27th will be paid a dividend of 0.24 per share on Friday, January 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.28%. The ex-dividend date is Friday, December 27th.

TPG RE Finance Trust has decreased its dividend by an average of 13.0% per year over the last three years. TPG RE Finance Trust has a dividend 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. Equities research analysts expect TPG RE Finance Trust to earn $1.05 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 91.4%.

TPG RE Finance Trust Stock Down 3.8 %

TPG RE Finance Trust stock opened at $8.51 on Thursday. The firm’s 50 day moving average price is $8.80 and its two-hundred day moving average price is $8.73. The firm has a market cap of $688.70 million, a PE ratio of 12.33, a P/E/G ratio of 0.25 and a beta of 2.17. TPG RE Finance Trust has a twelve month low of $5.12 and a twelve month high of $9.66. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83.

Wall Street Analyst Weigh In

A number of research analysts have commented on TRTX shares. JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $9.00 to $9.50 in a research note on Thursday, October 17th. JMP Securities boosted their price target on TPG RE Finance Trust from $9.50 to $10.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, TPG RE Finance Trust currently has an average rating of “Moderate Buy” and an average target price of $9.08.

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 the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.