TPG RE Finance Trust, Inc. (TRTX) To Go Ex-Dividend on December 27th

TPG RE Finance Trust, Inc. (NYSE:TRTX) declared a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Shareholders of record on Friday, December 27th will be paid a dividend of 0.24 per share on Friday, January 24th. This represents a $0.96 annualized dividend and a yield of 10.95%. The ex-dividend date of this dividend is Friday, December 27th.

TPG RE Finance Trust has decreased its dividend by an average of 13.0% annually 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 fall. Research analysts expect TPG RE Finance Trust to earn $1.05 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 91.4%.

TPG RE Finance Trust Stock Up 1.5 %

TRTX stock opened at $8.77 on Wednesday. The stock has a fifty day moving average of $8.83 and a 200-day moving average of $8.73. TPG RE Finance Trust has a fifty-two week low of $5.12 and a fifty-two week high of $9.66. The company has a market capitalization of $709.74 million, a price-to-earnings ratio of 12.71, a PEG ratio of 0.25 and a beta of 2.17. The company has a debt-to-equity ratio of 2.03, a quick ratio of 152.83 and a current ratio of 152.83.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $9.00 to $9.50 in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.08.

About TPG RE Finance Trust

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.