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

TPG RE Finance Trust (NYSE:TRTX) is projected to post its quarterly earnings results 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

TPG RE Finance Trust Trading Up 1.0 %

NYSE:TRTX opened at $8.69 on Friday. The company has a market capitalization of $702.86 million, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.27 and a beta of 2.16. The company has a quick ratio of 152.83, a current ratio of 152.83 and a debt-to-equity ratio of 2.03. TPG RE Finance Trust has a 52-week low of $5.37 and a 52-week high of $9.66. The stock has a fifty day simple moving average of $8.58 and a 200-day simple moving average of $8.65.

TPG RE Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, December 27th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 11.05%. The ex-dividend date of this dividend was Friday, December 27th. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 139.13%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their price target 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 investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.92.

TPG RE Finance Trust Company Profile

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.