TPG RE Finance Trust (NYSE:TRTX) Releases Earnings Results, Misses Expectations By $0.18 EPS

TPG RE Finance Trust (NYSE:TRTX) posted its earnings results on Monday. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.18), FiscalAI reports. TPG RE Finance Trust had a net margin of 17.03% and a return on equity of 6.85%. The firm had revenue of $35.92 million during the quarter, compared to analyst estimates of $37.10 million.

TPG RE Finance Trust Stock Down 0.6%

TRTX traded down $0.04 during trading on Monday, reaching $6.25. 1,564,933 shares of the stock traded hands, compared to its average volume of 830,318. The stock has a market cap of $479.43 million, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.38 and a beta of 1.47. The stock’s 50-day simple moving average is $6.93 and its two-hundred day simple moving average is $7.86. The company has a debt-to-equity ratio of 3.30, a current ratio of 200.26 and a quick ratio of 200.26. TPG RE Finance Trust has a fifty-two week low of $5.60 and a fifty-two week high of $9.37.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, September 28th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 15.4%. The ex-dividend date was Monday, September 28th. TPG RE Finance Trust’s dividend payout ratio is currently 177.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TRTX shares. JPMorgan Chase & Co. raised their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Wall Street Zen upgraded TPG RE Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 17th. Weiss Ratings lowered shares of TPG RE Finance Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 16th. Citigroup restated a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Thursday, September 17th. Finally, UBS Group lowered shares of TPG RE Finance Trust to a “neutral” rating in a report on Thursday, September 17th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc is a commercial real estate finance company that operates as a real estate investment trust (REIT). The company originates, acquires and manages commercial mortgage loans secured primarily by properties in the United States.

Its portfolio is focused on transitional senior loans, which finance commercial properties undergoing lease-up, renovation, redevelopment or repositioning. These loans are generally secured by institutional-quality real estate across property types such as multifamily, office, hotel, industrial and retail.

TPG RE Finance Trust was formed in 2014 and completed its initial public offering in 2017.