TPG RE Finance Trust (TRTX) to Release Earnings on Tuesday

TPG RE Finance Trust (NYSE:TRTX) will be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect TPG RE Finance Trust to post earnings of $0.17 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

TPG RE Finance Trust Price Performance

Shares of TRTX opened at $7.62 on Tuesday. The company has a debt-to-equity ratio of 2.46, a quick ratio of 158.41 and a current ratio of 158.41. The stock has a 50-day moving average of $7.24 and a 200-day moving average of $6.49. TPG RE Finance Trust has a one year low of $4.64 and a one year high of $8.12.

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, March 28th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.96 annualized dividend and a dividend yield of 12.61%. TPG RE Finance Trust’s dividend payout ratio is presently -56.80%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TRTX. Bank of America restated an “underperform” rating and issued a $6.50 target price on shares of TPG RE Finance Trust in a research note on Monday, March 4th. Wells Fargo & Company raised their target price on TPG RE Finance Trust from $6.00 to $7.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Raymond James downgraded TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 target price for the company. in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. raised their target price on TPG RE Finance Trust from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, TPG RE Finance Trust presently has an average rating of “Hold” and an average target price of $7.70.

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.