TPG RE Finance Trust, Inc. (TRTX) to Issue Quarterly Dividend of $0.39 on June 30th

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced a quarterly dividend on Monday, June 8th. Stockholders of record on Thursday, June 18th will be paid a dividend of 0.3906 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 18.3%. The ex-dividend date of this dividend is Thursday, June 18th. This is a 62.8% increase from TPG RE Finance Trust’s previous quarterly dividend of $0.24.

TPG RE Finance Trust has decreased its dividend payment by an average of 0.1%annually over the last three years. TPG RE Finance Trust has a payout ratio of 87.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect TPG RE Finance Trust to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 93.2%.

TPG RE Finance Trust Stock Performance

NYSE:TRTX opened at $8.52 on Tuesday. TPG RE Finance Trust has a 1 year low of $7.57 and a 1 year high of $9.85. The firm’s fifty day simple moving average is $8.32 and its 200 day simple moving average is $8.58. The company has a current ratio of 201.40, a quick ratio of 201.40 and a debt-to-equity ratio of 3.11. The firm has a market capitalization of $658.29 million, a PE ratio of 13.52, a PEG ratio of 1.72 and a beta of 1.42.

TPG RE Finance Trust (NYSE:TRTX) last announced its earnings results on Tuesday, April 28th. The company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. TPG RE Finance Trust had a net margin of 19.38% and a return on equity of 6.91%. The firm had revenue of $37.31 million for the quarter, compared to the consensus estimate of $37.15 million. On average, sell-side analysts anticipate that TPG RE Finance Trust will post 0.94 EPS for the current year.

Hedge Funds Weigh In On TPG RE Finance Trust

A number of hedge funds have recently made changes to their positions in TRTX. Van ECK Associates Corp raised its stake in TPG RE Finance Trust by 0.5% during the third quarter. Van ECK Associates Corp now owns 530,776 shares of the company’s stock worth $4,543,000 after acquiring an additional 2,379 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of TPG RE Finance Trust by 14.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,164 shares of the company’s stock worth $187,000 after purchasing an additional 2,985 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of TPG RE Finance Trust by 86.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after purchasing an additional 3,013 shares during the last quarter. Royal Bank of Canada increased its position in shares of TPG RE Finance Trust by 3.8% during the 4th quarter. Royal Bank of Canada now owns 90,818 shares of the company’s stock worth $781,000 after purchasing an additional 3,311 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of TPG RE Finance Trust during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 57.12% of the company’s stock.

About TPG RE Finance Trust

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.