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

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Stockholders of record on Friday, December 27th will be given a dividend of 0.24 per share on Friday, January 24th. This represents a $0.96 annualized dividend and a dividend yield of 10.95%. The ex-dividend date is Friday, December 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 payout ratio of 87.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect TPG RE Finance Trust to earn $1.05 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 91.4%.

TPG RE Finance Trust Stock Up 1.5 %

TRTX opened at $8.77 on Wednesday. The business’s fifty day simple moving average is $8.83 and its 200 day simple moving average is $8.73. TPG RE Finance Trust has a 52 week low of $5.12 and a 52 week high of $9.66. The company has a quick ratio of 152.83, a current ratio of 152.83 and a debt-to-equity ratio of 2.03. The stock has a market cap of $709.74 million, a PE ratio of 12.71, a P/E/G ratio of 0.25 and a beta of 2.17.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upgraded TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $9.00 to $9.50 in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.08.

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.