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

TPG RE Finance Trust (NYSE:TRTX) issued its earnings results on Tuesday. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18), Zacks reports. TPG RE Finance Trust had a negative return on equity of 7.50% and a net margin of 19.65%.

TPG RE Finance Trust Stock Performance

TRTX opened at $8.73 on Wednesday. The business’s 50 day moving average is $8.57 and its 200-day moving average is $8.65. The stock has a market cap of $706.11 million, a PE ratio of 12.65, a price-to-earnings-growth ratio of 0.26 and a beta of 2.16. The company has a current ratio of 152.83, a quick ratio of 152.83 and a debt-to-equity ratio of 2.03. TPG RE Finance Trust has a twelve month low of $5.40 and a twelve month high of $9.66.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, December 27th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, December 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.00%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 139.13%.

Wall Street Analyst Weigh In

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

About TPG RE Finance Trust

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.