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

TPG RE Finance Trust, Inc. (NYSE:TRTX) declared a quarterly dividend on Friday, March 13th. Stockholders of record on Friday, March 27th will be paid a dividend of 0.24 per share on Friday, April 24th. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date is Friday, March 27th.

TPG RE Finance Trust has decreased its dividend payment by an average of 0.1%per year 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 fall.

TPG RE Finance Trust Stock Performance

NYSE TRTX opened at $7.92 on Wednesday. The business’s 50 day moving average price is $8.65 and its 200-day moving average price is $8.84. TPG RE Finance Trust has a fifty-two week low of $6.47 and a fifty-two week high of $9.85. The company has a market cap of $620.14 million, a P/E ratio of 14.13, a P/E/G ratio of 1.39 and a beta of 1.53. The company has a debt-to-equity ratio of 3.02, a quick ratio of 183.34 and a current ratio of 183.34.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The company had revenue of $35.04 million during the quarter, compared to the consensus estimate of $27.15 million. TPG RE Finance Trust had a return on equity of 6.84% and a net margin of 18.14%. Sell-side analysts predict that TPG RE Finance Trust will post 0.99 earnings per share for the current year.

Hedge Funds Weigh In On TPG RE Finance Trust

A number of institutional investors have recently modified their holdings of the stock. State of New Jersey Common Pension Fund A purchased a new stake in shares of TPG RE Finance Trust in the third quarter valued at approximately $26,957,000. Geode Capital Management LLC grew its stake in TPG RE Finance Trust by 7.6% in the second quarter. Geode Capital Management LLC now owns 1,639,667 shares of the company’s stock worth $12,660,000 after purchasing an additional 115,707 shares in the last quarter. Dimension Capital Management LLC increased its holdings in TPG RE Finance Trust by 390.4% during the 2nd quarter. Dimension Capital Management LLC now owns 459,723 shares of the company’s stock worth $3,549,000 after purchasing an additional 365,971 shares during the period. Norges Bank bought a new stake in TPG RE Finance Trust during the 2nd quarter valued at $2,410,000. Finally, Bracebridge Capital LLC raised its position in TPG RE Finance Trust by 61.4% during the 2nd quarter. Bracebridge Capital LLC now owns 231,000 shares of the company’s stock valued at $1,783,000 after purchasing an additional 87,900 shares in the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

About TPG RE Finance Trust

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.