TPG RE Finance Trust, Inc. Plans Quarterly Dividend of $0.24 (NYSE:TRTX)

Market Beat
2025.03.15 20:45
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TPG RE Finance Trust, Inc. (NYSE:TRTX) has declared a quarterly dividend of $0.24 per share, payable on April 25th to stockholders of record as of March 28th. This annualizes to $0.96, yielding 11.25%. The company has increased its dividend by an average of 1.5% annually over the past three years, with a payout ratio of 88.9%. TRTX stock recently traded at $8.54, with a market cap of $691.37 million. Analysts have a consensus price target of $9.40 for the stock, which currently holds a Buy rating.

TPG RE Finance Trust, Inc. (NYSE:TRTX - Get Free Report) declared a quarterly dividend on Friday, March 14th, RTT News reports. Stockholders of record on Friday, March 28th will be given a dividend of 0.24 per share on Friday, April 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.25%.

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TPG RE Finance Trust has increased its dividend payment by an average of 1.5% per year over the last three years. TPG RE Finance Trust has a payout ratio of 88.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble.

TPG RE Finance Trust Price Performance

TRTX stock traded up $0.09 during trading on Friday, hitting $8.54. 793,829 shares of the company's stock traded hands, compared to its average volume of 583,866. TPG RE Finance Trust has a 52 week low of $6.99 and a 52 week high of $9.66. The stock has a market capitalization of $691.37 million, a price-to-earnings ratio of 11.38, a P/E/G ratio of 0.25 and a beta of 2.23. The business has a fifty day simple moving average of $8.48 and a 200 day simple moving average of $8.65. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.18). TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. The company had revenue of $34.74 million during the quarter, compared to analysts' expectations of $27.98 million. As a group, research analysts expect that TPG RE Finance Trust will post 0.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price objective on shares of TPG RE Finance Trust from $9.50 to $8.50 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $9.40.

View Our Latest Analysis on TRTX

About TPG RE Finance Trust

(Get Free Report)

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.

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