TPG RE Finance Trust, Inc. (TRTX) To Go Ex-Dividend on December 26th

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Friday, December 12th. Stockholders of record on Friday, December 26th will be given a dividend of 0.24 per share on Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Friday, December 26th.

TPG RE Finance Trust has decreased its dividend by an average of 0.1%per year over the last three years. TPG RE Finance Trust has a payout ratio of 87.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

TPG RE Finance Trust Price Performance

Shares of TRTX stock traded up $0.02 during trading on Wednesday, hitting $9.08. The company had a trading volume of 16,643 shares, compared to its average volume of 655,975. The firm has a market capitalization of $710.21 million, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 2.17 and a beta of 1.54. TPG RE Finance Trust has a one year low of $6.47 and a one year high of $9.85. The company has a debt-to-equity ratio of 2.61, a quick ratio of 166.64 and a current ratio of 166.64. The stock’s 50-day moving average price is $8.94 and its 200 day moving average price is $8.75.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings data on Monday, June 6th. The company reported $0.27 EPS for the quarter. The firm had revenue of $40.06 million for the quarter. TPG RE Finance Trust had a return on equity of 6.37% and a net margin of 20.46%. Equities analysts expect that TPG RE Finance Trust will post 0.99 EPS for the current fiscal year.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.