TPG RE Finance Trust, Inc. Announces Quarterly Dividend of $0.24

TPG RE Finance Trust, Inc. (NYSE:TRTX) announced on March 14th that it will pay a quarterly dividend of $0.24 per share. Stockholders who are on record as of March 28th will receive this dividend on April 25th. This decision leads to an annualized dividend total of $0.96, providing a pleasing yield of 11.25% for investors.

Dividend Growth

Over the past three years, TPG RE Finance Trust has consistently increased its dividend payments, averaging a growth rate of 1.5% per year. Currently, the company maintains a payout ratio of 88.9%, indicating that its dividends are currently sustainable through earnings. However, should the company face a decline in profits, sustainability may come into question.

Stock Performance Overview

In trading on the same day as the dividend announcement, TPG RE Finance Trust shares rose by $0.09 to reach a price of $8.54. The number of shares traded was 793,829, significantly above the company’s typical trading volume of 583,866. The stock’s 52-week range shows a low of $6.99 and a high of $9.66. TPG RE Finance Trust has a market capitalization of approximately $691.37 million, with a price-to-earnings (P/E) ratio of 11.38. The company’s P/E/G ratio stands at 0.25, and it has a beta of 2.23, reflecting its volatility compared to the overall market. Additionally, the company’s 50-day and 200-day simple moving averages are $8.48 and $8.65, respectively.

Recent Earnings Report

On February 18th, TPG RE Finance Trust shared its latest quarterly earnings, showing earnings per share (EPS) of $0.08, which fell short of the expected $0.26 by $0.18. Despite this, the company reported a revenue of $34.74 million, outperforming analysts’ expectations of $27.98 million. Analysts anticipate that TPG RE Finance Trust will achieve an EPS of 0.99 for the current fiscal year.

Analyst Ratings and Future Outlook

In a recent analysis by JPMorgan Chase & Co., the price target for TPG RE Finance Trust's shares was revised down from $9.50 to $8.50, although they continue to hold an "overweight" rating on the stock. Overall, five analysts have rated TPG RE Finance Trust with a buy recommendation, and the consensus price target is set at $9.40.

Company Overview

TPG RE Finance Trust, Inc. specializes in commercial real estate finance by originating, acquiring, and managing commercial mortgage loans and related debt instruments within the United States. Their investment strategy encompasses commercial mortgage loans, subordinate mortgage interests, mezzanine loans, preferred equity, and various debt instruments associated with real estate. The sectors they are involved in include multifamily, life sciences, mixed-use developments, hospitality, self-storage, industrial, and retail real estate.

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