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

TPG RE Finance Trust (NYSE:TRTX) issued its earnings results on Tuesday. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18), Zacks reports. TPG RE Finance Trust had a negative return on equity of 7.50% and a net margin of 19.65%.

TPG RE Finance Trust Price Performance

Shares of NYSE TRTX traded up $0.05 during midday trading on Tuesday, hitting $8.73. The stock had a trading volume of 468,138 shares, compared to its average volume of 440,366. The company has a market capitalization of $706.11 million, a PE ratio of 12.65, a P/E/G ratio of 0.27 and a beta of 2.16. The stock has a 50 day simple moving average of $8.57 and a 200-day simple moving average of $8.65. TPG RE Finance Trust has a 1 year low of $5.40 and a 1 year high of $9.66. The company has a quick ratio of 152.83, a current ratio of 152.83 and a debt-to-equity ratio of 2.03.

TPG RE Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, December 27th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.96 annualized dividend and a dividend yield of 11.00%. TPG RE Finance Trust’s dividend payout ratio (DPR) is presently 139.13%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price target on TPG RE Finance Trust from $9.50 to $8.50 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, TPG RE Finance Trust presently has a consensus rating of “Moderate Buy” and an average target price of $8.92.

TPG RE Finance Trust Company Profile

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.