TPG RE Finance Trust (TRTX) Projected to Post Earnings on Tuesday

TPG RE Finance Trust (NYSE:TRTX) is anticipated to release its earnings data after the market closes on Tuesday, February 18th. Analysts expect TPG RE Finance Trust to post earnings of $0.26 per share and revenue of $27.98 million for the quarter.

TPG RE Finance Trust Stock Up 0.5 %

Shares of NYSE:TRTX opened at $8.60 on Tuesday. The business has a fifty day moving average of $8.61 and a two-hundred day moving average of $8.66. The company has a quick ratio of 152.83, a current ratio of 152.83 and a debt-to-equity ratio of 2.03. The stock has a market cap of $695.59 million, a P/E ratio of 12.46, a PEG ratio of 0.27 and a beta of 2.16. TPG RE Finance Trust has a 52-week low of $5.12 and a 52-week high of $9.66.

TPG RE Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were given a $0.24 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.96 dividend on an annualized basis and a yield of 11.17%. TPG RE Finance Trust’s dividend payout ratio is currently 139.13%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their target price on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $8.92.

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; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.