TPG RE Finance Trust Inc (NYSE:TRTX) announced a dividend on Friday, June 15th, Fidelity reports. Shareholders of record on Monday, June 25th will be paid a dividend of 0.43 per share on Wednesday, July 25th. The ex-dividend date is Friday, June 22nd.
Shares of TRTX stock opened at $20.87 on Friday. The firm has a market cap of $1.23 billion and a price-to-earnings ratio of 11.47. The company has a debt-to-equity ratio of 1.99, a current ratio of 14.77 and a quick ratio of 14.77. TPG RE Finance Trust has a 12 month low of $18.22 and a 12 month high of $20.98.
TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Monday, May 7th. The company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). The business had revenue of $33.40 million for the quarter, compared to the consensus estimate of $33.54 million. TPG RE Finance Trust had a net margin of 45.22% and a return on equity of 8.34%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. analysts forecast that TPG RE Finance Trust will post 1.78 EPS for the current year.
TRTX has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of TPG RE Finance Trust from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Thursday, March 22nd. ValuEngine downgraded shares of TPG RE Finance Trust from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Wells Fargo & Co initiated coverage on shares of TPG RE Finance Trust in a report on Monday, April 16th. They set an “outperform” rating and a $21.00 price objective on the stock. Finally, Raymond James initiated coverage on shares of TPG RE Finance Trust in a report on Tuesday, March 27th. They set an “outperform” rating and a $22.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $21.38.
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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