TPG RE Finance Trust, Inc. (NYSE:TRTX) Announces Quarterly Dividend of $0.24

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Friday, September 13th, Wall Street Journal reports. Shareholders of record on Friday, September 27th will be paid a dividend of 0.24 per share on Friday, October 25th. This represents a $0.96 annualized dividend and a dividend yield of 11.12%. The ex-dividend date is Friday, September 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 86.5% meaning 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 $1.01 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 95.0%.

TPG RE Finance Trust Trading Down 3.0 %

Shares of TRTX opened at $8.64 on Thursday. TPG RE Finance Trust has a fifty-two week low of $4.64 and a fifty-two week high of $9.66. The business has a 50-day moving average of $8.77 and a 200 day moving average of $8.42. The firm has a market cap of $698.83 million, a P/E ratio of -5.50, a price-to-earnings-growth ratio of 0.25 and a beta of 2.19. The company has a debt-to-equity ratio of 2.13, a quick ratio of 154.59 and a current ratio of 154.59.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TRTX shares. JMP Securities lifted their target price on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 21st. BTIG Research reiterated a “buy” rating and issued a $11.00 price objective on shares of TPG RE Finance Trust in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, TPG RE Finance Trust has a consensus rating of “Moderate Buy” and a consensus target price of $8.75.

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.