TPG RE Finance Trust (NYSE:TRTX) Announces Quarterly Earnings Results

TPG RE Finance Trust (NYSE:TRTX) posted its earnings results on Tuesday. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03), FiscalAI reports. TPG RE Finance Trust had a return on equity of 6.37% and a net margin of 20.46%.The firm had revenue of $35.04 million during the quarter, compared to analyst estimates of $27.15 million.

TPG RE Finance Trust Trading Down 0.2%

TRTX traded down $0.02 during trading on Tuesday, reaching $8.84. 849,413 shares of the company’s stock were exchanged, compared to its average volume of 736,535. The stock has a market capitalization of $691.43 million, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.70 and a beta of 1.53. TPG RE Finance Trust has a one year low of $6.47 and a one year high of $9.85. The firm has a fifty day moving average price of $9.01 and a two-hundred day moving average price of $8.99. The company has a current ratio of 166.64, a quick ratio of 166.64 and a debt-to-equity ratio of 2.61.

TPG RE Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, December 26th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend was Friday, December 26th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 147.69%.

Institutional Investors Weigh In On TPG RE Finance Trust

Several institutional investors and hedge funds have recently made changes to their positions in TRTX. Kestra Advisory Services LLC bought a new position in shares of TPG RE Finance Trust during the 4th quarter worth approximately $30,000. Kemnay Advisory Services Inc. bought a new stake in TPG RE Finance Trust during the 4th quarter valued at $30,000. BNP Paribas Financial Markets raised its holdings in TPG RE Finance Trust by 86.6% during the second quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after buying an additional 3,013 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of TPG RE Finance Trust by 2,454.1% in the third quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock valued at $51,000 after buying an additional 5,718 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of TPG RE Finance Trust by 249.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock valued at $53,000 after buying an additional 4,865 shares in the last quarter. Institutional investors own 57.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of TPG RE Finance Trust from $10.00 to $10.50 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Zacks Research cut shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings cut TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.75.

TPG RE Finance Trust Company Profile

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.