TPG RE Finance Trust, Inc. Announces Quarterly Dividend of $0.24

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Friday, March 14th. Shareholders who are on record as of Friday, March 28th will receive a dividend payment of $0.24 per share on Friday, April 25th. This results in an annualized dividend of $0.96, translating to a dividend yield of 11.25%.

TPG RE Finance Trust has a history of increasing its dividend payments, averaging a growth of 1.5% per year over the past three years. Currently, the company's payout ratio stands at 88.9%, indicating that while the dividend is financially supported by earnings, there could be concerns if the company’s earnings decline in the future.

Stock Performance Analysis

On Friday, TRTX stock saw an increase of $0.09, reaching a price of $8.54. In total, 793,829 shares traded, surpassing its average trading volume of 583,866. Over the last year, TPG RE Finance Trust’s stock has experienced a 52-week low of $6.99 and a high of $9.66. The company now holds a market capitalization of approximately $691.37 million, with a price-to-earnings ratio of 11.38 and a P/E/G ratio of 0.25. Additionally, the stock has a beta of 2.23, indicating higher volatility compared to the market. The average 50-day and 200-day moving prices are $8.48 and $8.65, respectively. The company features a debt-to-equity ratio of 2.14, alongside a quick ratio of 152.83 and a current ratio of 156.81.

In its most recent earnings report released on Tuesday, February 18th, TPG RE Finance Trust reported an earnings per share (EPS) of $0.08, which fell short of analysts’ expectations of $0.26 by $0.18. The company achieved a return on equity of 7.57% and a net margin of 21.79%. During this quarter, TPG RE Finance Trust reported revenue of $34.74 million, significantly exceeding analysts’ projected revenue of $27.98 million. Analysts currently estimate an EPS of 0.99 for the ongoing fiscal year.

Market Outlook and Analyst Ratings

In a separate analysis, JPMorgan Chase & Co. lowered their price target for TPG RE Finance Trust shares from $9.50 to $8.50 and maintained an “overweight” rating. The stock has received a favorable outlook from several analysts, with five giving it a buy rating. According to MarketBeat.com, the company has an average recommendation of "Buy" and a consensus price target of $9.40.

About TPG RE Finance Trust

TPG RE Finance Trust is a commercial real estate finance company focused on originating, acquiring, and managing commercial mortgage loans and related debt instruments within the United States. Its investment strategies include commercial mortgage loans, mezzanine loans, subordinate mortgage interests, secured real estate securities, and various debt instruments. The company primarily invests in the multifamily, life science, mixed-use, hospitality, self-storage, industrial, and retail sectors of commercial real estate.

dividend, stocks, finance