TPG RE Finance Trust, Inc. (TRTX) to Distribute Quarterly Dividend of $0.24 on October 23rd

TPG RE Finance Trust, Inc. (NYSE:TRTX) declared a quarterly dividend on Thursday, September 17th. Shareholders of record on Monday, September 28th will be given a dividend of $0.24 per share on Friday, October 23rd. This represents a $0.96 dividend on an annualized basis and a yield of 14.7%. The ex-dividend date is Monday, September 28th.

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 decline. Equities research analysts expect TPG RE Finance Trust to earn $1.02 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 94.1%.

TPG RE Finance Trust Trading Down 1.1%

TRTX stock opened at $6.54 on Friday. TPG RE Finance Trust has a one year low of $6.53 and a one year high of $9.37. The stock has a market cap of $502.46 million, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 1.46 and a beta of 1.42. The company has a fifty day moving average price of $7.82 and a two-hundred day moving average price of $8.13. The company has a debt-to-equity ratio of 3.30, a current ratio of 200.26 and a quick ratio of 200.26.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.03). The company had revenue of $34.01 million during the quarter, compared to the consensus estimate of $37.30 million. TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. Equities analysts anticipate that TPG RE Finance Trust will post 0.92 EPS for the current year.

Hedge Funds Weigh In On TPG RE Finance Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP grew its stake 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 buying an additional 4,537 shares during the last quarter. Quantbot Technologies LP acquired a new position in TPG RE Finance Trust in the 2nd quarter worth about $70,000. Pictet Asset Management Holding SA bought a new position in TPG RE Finance Trust in the first quarter valued at about $88,000. Ieq Capital LLC acquired a new stake in shares of TPG RE Finance Trust during the second quarter valued at about $128,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of TPG RE Finance Trust during the second quarter worth about $150,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily focuses on senior mortgage loans secured by institutional-quality properties in major U.S. markets.

Its portfolio may include loans backed by a range of commercial property types, such as multifamily, office, hospitality, industrial, retail and other commercial assets. TPG RE Finance Trust generally seeks to provide financing to owners and operators of income-producing real estate while managing credit, interest-rate and other investment risks.

The company was established in 2014 and is externally managed by TPG RE Finance Trust Management, LLC, an affiliate of global alternative asset manager TPG Inc Through its relationship with TPG, the company benefits from access to real estate investment and lending expertise.