TPG RE Finance Trust (TRTX) Projected to Post Earnings on Tuesday

TPG RE Finance Trust (NYSE:TRTX) is expected to be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $27.98 million for the quarter.

TPG RE Finance Trust Stock Up 0.5 %

Shares of NYSE:TRTX opened at $8.60 on Tuesday. The business has a 50 day simple moving average of $8.61 and a two-hundred day simple moving average of $8.66. The firm has a market capitalization of $695.59 million, a PE ratio of 12.46, a price-to-earnings-growth ratio of 0.27 and a beta of 2.16. The company has a debt-to-equity ratio of 2.03, a current ratio of 152.83 and a quick ratio of 152.83. TPG RE Finance Trust has a 1 year low of $5.12 and a 1 year high of $9.66.

TPG RE Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, December 27th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.17%. The ex-dividend date was Friday, December 27th. TPG RE Finance Trust’s payout ratio is 139.13%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price target on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $8.92.

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.