TPG RE Finance Trust, Inc. (TRTX) To Go Ex-Dividend on June 26th

TPG RE Finance Trust, Inc. (NYSE:TRTX) declared a quarterly dividend on Friday, June 12th. Shareholders of record on Friday, June 26th will be paid a dividend of 0.24 per share on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Friday, June 26th.

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 dividend payout ratio of 87.3% meaning 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 $1.03 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 93.2%.

TPG RE Finance Trust Stock Up 0.9%

NYSE:TRTX opened at $8.62 on Wednesday. TPG RE Finance Trust has a fifty-two week low of $7.57 and a fifty-two week high of $9.85. The stock has a market capitalization of $666.41 million, a P/E ratio of 13.68, a P/E/G ratio of 1.74 and a beta of 1.41. The company has a debt-to-equity ratio of 3.11, a quick ratio of 201.40 and a current ratio of 201.40. The company’s 50-day simple moving average is $8.40 and its 200-day simple moving average is $8.56.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $37.31 million for the quarter, compared to the consensus estimate of $37.15 million. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%. On average, equities analysts anticipate that TPG RE Finance Trust will post 0.93 earnings per share for the current fiscal year.

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.