TPG RE Finance Trust (NYSE:TRTX) Issues Earnings Results

TPG RE Finance Trust (NYSE:TRTX) announced its quarterly earnings results on Monday. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.18), FiscalAI reports. The company had revenue of $35.92 million for the quarter, compared to the consensus estimate of $37.10 million. TPG RE Finance Trust had a return on equity of 6.85% and a net margin of 17.03%.

TPG RE Finance Trust Stock Performance

Shares of TRTX stock traded down $0.04 during trading hours on Monday, hitting $6.25. 1,564,933 shares of the company were exchanged, compared to its average volume of 830,318. The company has a current ratio of 200.26, a quick ratio of 200.26 and a debt-to-equity ratio of 3.30. The stock has a market capitalization of $479.43 million, a price-to-earnings ratio of 11.56, a P/E/G ratio of 1.38 and a beta of 1.47. The firm has a fifty day simple moving average of $6.93 and a 200 day simple moving average of $7.86. TPG RE Finance Trust has a 52-week low of $5.60 and a 52-week high of $9.37.

TPG RE Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, September 28th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, September 28th. This represents a $0.96 annualized dividend and a dividend yield of 15.4%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 177.78%.

Wall Street Analysts Forecast Growth

TRTX has been the subject of a number of research analyst reports. UBS Group downgraded TPG RE Finance Trust to a “neutral” rating in a research report on Thursday, September 17th. JPMorgan Chase & Co. boosted their price objective on TPG RE Finance Trust from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Wall Street Zen upgraded TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Weiss Ratings downgraded TPG RE Finance Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 16th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a research report on Thursday, September 17th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, TPG RE Finance Trust presently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc is a commercial real estate finance company that operates as a real estate investment trust (REIT). The company originates, acquires and manages commercial mortgage loans secured primarily by properties in the United States.

Its portfolio is focused on transitional senior loans, which finance commercial properties undergoing lease-up, renovation, redevelopment or repositioning. These loans are generally secured by institutional-quality real estate across property types such as multifamily, office, hotel, industrial and retail.

TPG RE Finance Trust was formed in 2014 and completed its initial public offering in 2017.