Analysts Anticipate TPG RE Finance Trust Inc (TRTX) to Announce $0.45 Earnings Per Share
Brokerages expect TPG RE Finance Trust Inc (NYSE:TRTX) to report earnings of $0.45 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for TPG RE Finance Trust’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.43. TPG RE Finance Trust posted earnings of $0.35 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 28.6%. The firm is scheduled to report its next earnings results on Monday, November 5th.
According to Zacks, analysts expect that TPG RE Finance Trust will report full-year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.74 to $1.83. For the next fiscal year, analysts forecast that the company will post earnings of $1.88 per share, with EPS estimates ranging from $1.83 to $1.97. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover TPG RE Finance Trust.
TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data on Monday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. TPG RE Finance Trust had a return on equity of 8.10% and a net margin of 43.06%. The company had revenue of $35.05 million for the quarter, compared to the consensus estimate of $34.64 million. TPG RE Finance Trust’s quarterly revenue was up 8.3% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of TPG RE Finance Trust in the 2nd quarter valued at approximately $125,000. Strs Ohio increased its holdings in shares of TPG RE Finance Trust by 55.9% in the 2nd quarter. Strs Ohio now owns 9,200 shares of the company’s stock valued at $186,000 after acquiring an additional 3,300 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in TPG RE Finance Trust during the 1st quarter valued at approximately $199,000. A.R.T. Advisors LLC acquired a new position in TPG RE Finance Trust during the 1st quarter valued at approximately $208,000. Finally, American International Group Inc. boosted its position in TPG RE Finance Trust by 76.7% during the 1st quarter. American International Group Inc. now owns 13,226 shares of the company’s stock valued at $263,000 after purchasing an additional 5,739 shares during the period. Institutional investors and hedge funds own 40.55% of the company’s stock.
Shares of TPG RE Finance Trust traded down $0.14, reaching $19.39, during trading on Monday, according to MarketBeat Ratings. The stock had a trading volume of 526,394 shares, compared to its average volume of 356,533. TPG RE Finance Trust has a one year low of $18.22 and a one year high of $21.05. The company has a current ratio of 18.34, a quick ratio of 14.77 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $1.15 billion and a price-to-earnings ratio of 11.14.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 25th. Stockholders of record on Monday, June 25th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.87%. This is an increase from TPG RE Finance Trust’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, June 22nd. TPG RE Finance Trust’s payout ratio is 98.85%.
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; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.
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