Brokerages forecast that TPG RE Finance Trust, Inc. (NYSE:TRTX) will report sales of $37.06 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for TPG RE Finance Trust’s earnings, with the highest sales estimate coming in at $39.30 million and the lowest estimate coming in at $34.81 million. TPG RE Finance Trust reported sales of $43.62 million during the same quarter last year, which indicates a negative year-over-year growth rate of 15%. The business is scheduled to report its next earnings results on Monday, May 10th.
According to Zacks, analysts expect that TPG RE Finance Trust will report full year sales of $147.21 million for the current financial year, with estimates ranging from $142.82 million to $151.60 million. For the next year, analysts expect that the business will report sales of $142.62 million, with estimates ranging from $141.90 million to $143.33 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow TPG RE Finance Trust.
TPG RE Finance Trust (NYSE:TRTX) last announced its earnings results on Wednesday, February 24th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.19). TPG RE Finance Trust had a negative net margin of 41.56% and a negative return on equity of 6.29%.
Separately, BTIG Research began coverage on shares of TPG RE Finance Trust in a research note on Tuesday, February 2nd. They set a “buy” rating and a $12.50 target price on the stock. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $10.40.
Hedge funds and other institutional investors have recently bought and sold shares of the company. ExodusPoint Capital Management LP acquired a new position in shares of TPG RE Finance Trust in the third quarter worth $92,000. ProShare Advisors LLC acquired a new position in shares of TPG RE Finance Trust in the fourth quarter worth $141,000. Fox Run Management L.L.C. acquired a new position in shares of TPG RE Finance Trust in the fourth quarter worth $199,000. Sei Investments Co. increased its stake in shares of TPG RE Finance Trust by 56.8% in the third quarter. Sei Investments Co. now owns 24,931 shares of the company’s stock worth $208,000 after acquiring an additional 9,030 shares during the last quarter. Finally, Tudor Investment Corp Et Al increased its stake in shares of TPG RE Finance Trust by 84.4% in the fourth quarter. Tudor Investment Corp Et Al now owns 21,082 shares of the company’s stock worth $224,000 after acquiring an additional 9,647 shares during the last quarter. 59.08% of the stock is currently owned by institutional investors and hedge funds.
NYSE:TRTX traded down $0.01 during trading hours on Monday, hitting $11.30. 3,539 shares of the stock traded hands, compared to its average volume of 352,318. The firm has a 50 day moving average price of $11.25 and a 200 day moving average price of $10.13. The company has a current ratio of 304.82, a quick ratio of 304.82 and a debt-to-equity ratio of 2.76. TPG RE Finance Trust has a fifty-two week low of $4.33 and a fifty-two week high of $12.03. The firm has a market cap of $868.92 million, a price-to-earnings ratio of -6.65 and a beta of 1.95.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 23rd. Stockholders of record on Friday, March 26th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend is Thursday, March 25th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 45.45%.
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 North America. 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 office, multifamily, mixed-use, hospitality, industrial, and retail real estate sectors.
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