TPG RE Finance Trust, Inc. (TRTX) To Go Ex-Dividend on September 28th

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Thursday, September 17th. Shareholders of record on Monday, September 28th will be paid a dividend of 0.24 per share on Friday, October 23rd. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date is Monday, September 28th.

TPG RE Finance Trust has decreased its dividend 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 research analysts expect TPG RE Finance Trust to earn $1.02 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 94.1%.

TPG RE Finance Trust Stock Down 1.3%

TPG RE Finance Trust stock opened at $7.20 on Friday. The company has a quick ratio of 200.26, a current ratio of 200.26 and a debt-to-equity ratio of 3.30. The firm has a market cap of $552.36 million, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The business’s 50-day moving average price is $7.99 and its 200 day moving average price is $8.18. TPG RE Finance Trust has a 52 week low of $7.18 and a 52 week high of $9.41.

TPG RE Finance Trust (NYSE:TRTX) last posted its earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.03). TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. The firm had revenue of $34.01 million during the quarter, compared to analyst estimates of $37.30 million. As a group, sell-side analysts anticipate that TPG RE Finance Trust will post 0.92 earnings per share for the current year.

Institutional Trading of TPG RE Finance Trust

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in TPG RE Finance Trust in the 2nd quarter valued at $54,386,000. Arrowstreet Capital Limited Partnership boosted its stake in TPG RE Finance Trust by 60.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock worth $7,260,000 after purchasing an additional 350,020 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of TPG RE Finance Trust by 9.3% during the second quarter. Van ECK Associates Corp now owns 816,098 shares of the company’s stock worth $6,831,000 after buying an additional 69,463 shares in the last quarter. One William Street Capital Management L.P. grew its holdings in shares of TPG RE Finance Trust by 13.4% during the fourth quarter. One William Street Capital Management L.P. now owns 476,961 shares of the company’s stock worth $4,107,000 after buying an additional 56,291 shares in the last quarter. Finally, UBS Group AG raised its position in shares of TPG RE Finance Trust by 34.4% in the fourth quarter. UBS Group AG now owns 451,997 shares of the company’s stock valued at $3,892,000 after buying an additional 115,787 shares during the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily focuses on senior mortgage loans secured by institutional-quality properties in major U.S. markets.

Its portfolio may include loans backed by a range of commercial property types, such as multifamily, office, hospitality, industrial, retail and other commercial assets. TPG RE Finance Trust generally seeks to provide financing to owners and operators of income-producing real estate while managing credit, interest-rate and other investment risks.

The company was established in 2014 and is externally managed by TPG RE Finance Trust Management, LLC, an affiliate of global alternative asset manager TPG Inc Through its relationship with TPG, the company benefits from access to real estate investment and lending expertise.