TPG RE Finance Trust, Inc. (TRTX) To Go Ex-Dividend on June 18th

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Monday, June 8th. Investors of record on Thursday, June 18th will be given a dividend of 0.3906 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 18.3%. The ex-dividend date of this dividend is Thursday, June 18th. This is a 62.8% increase from TPG RE Finance Trust’s previous quarterly dividend of $0.24.

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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect TPG RE Finance Trust to earn $1.03 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 93.2%.

TPG RE Finance Trust Trading Up 2.7%

TRTX opened at $8.56 on Wednesday. The company has a debt-to-equity ratio of 3.11, a current ratio of 201.40 and a quick ratio of 201.40. TPG RE Finance Trust has a fifty-two week low of $7.57 and a fifty-two week high of $9.85. The firm has a market capitalization of $661.39 million, a PE ratio of 13.58, a P/E/G ratio of 1.67 and a beta of 1.41. The company’s 50-day moving average is $8.25 and its 200 day moving average is $8.59.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Tuesday, April 28th. The company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%. The company had revenue of $37.31 million for the quarter, compared to analyst estimates of $37.15 million. As a group, research analysts predict that TPG RE Finance Trust will post 0.94 earnings per share for the current fiscal year.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.