TPG RE Finance Trust, Inc. Announces 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. Shareholders of record on Friday, December 27th will be given a dividend of 0.24 per share on Friday, January 24th. This represents a $0.96 annualized dividend and a yield of 10.85%. The ex-dividend date of this dividend is Friday, December 27th.

TPG RE Finance Trust has decreased its dividend by an average of 13.0% annually 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 fall. 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 2.2 %

Shares of TRTX traded down $0.20 during midday trading on Tuesday, reaching $8.85. 605,242 shares of the stock were exchanged, compared to its average volume of 610,214. TPG RE Finance Trust has a 52 week low of $5.12 and a 52 week high of $9.66. The company’s 50 day moving average is $8.78 and its two-hundred day moving average is $8.73. The company has a market capitalization of $716.21 million, a P/E ratio of 13.09, a PEG ratio of 0.25 and a beta of 2.17. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JMP Securities upped their price target on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $9.00 to $9.50 in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.