• Home
  • Finance
  • TPG RE Finance Trust, Inc. (NYSE: TRTX) expects quarterly dividend of $0.24

TPG RE Finance Trust, Inc. (NYSE: TRTX) expects quarterly dividend of $0.24

By on September 25, 2022 0

TPG RE Finance Trust, Inc. (NYSE: TRTX- Get a rating) announced a quarterly dividend on Monday, September 12, Zacks reports. Shareholders of record on Wednesday, September 28 will receive a dividend of 0.24 per share on Tuesday, October 25. This represents a dividend of $0.96 on an annualized basis and a dividend yield of 11.55%. The ex-dividend date is Tuesday, September 27.

TPG RE Finance Trust has decreased its dividend payout by an average of 17.8% per year over the past three years and has increased its dividend each year for the past 1 consecutive years. TPG RE Finance Trust has a payout ratio of 73.8%, indicating that its dividend is sufficiently covered by earnings. Research analysts expect TPG RE Finance Trust to earn $1.13 per share next year, meaning the company should continue to be able to cover its $0.96 annual dividend with a expected future payout ratio of 85.0%.

TPG RE Finance Trust trades down 3.7%

Shares of TPG RE Finance Trust opened at $8.31 on Friday. TPG RE Finance Trust has a fifty-two week minimum of $8.20 and a fifty-two week maximum of $13.63. The company has a debt ratio of 2.62, a quick ratio of 244.91 and a current ratio of 244.91. The company has a market capitalization of $641.45 million, a price-earnings ratio of 8.57 and a beta of 1.77. The stock has a 50-day moving average of $9.71 and a 200-day moving average of $10.29.

Institutional negotiation of TPG RE Finance Trust

Institutional investors and hedge funds have recently increased or reduced their stake in the company. Raymond James & Associates increased its position in TPG RE Finance Trust by 61.9% in the 1st quarter. Raymond James & Associates now owns 71,955 shares of the company valued at $850,000 after acquiring an additional 27,501 shares last quarter. Acadian Asset Management LLC acquired a new equity position in TPG RE Finance Trust in the first quarter worth approximately $53,000. MetLife Investment Management LLC increased its stake in TPG RE Finance Trust by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 32,389 shares of the company worth $383,000 after purchasing an additional 11,549 shares during the period. Allianz Asset Management GmbH acquired a new stake in TPG RE Finance Trust during the 1st quarter for a value of approximately $4,095,000. Finally, Dakota Wealth Management bought a new position in TPG RE Finance Trust in Q1 worth approximately $341,000. Hedge funds and other institutional investors own 57.36% of the company’s shares.

Wall Street analysts predict growth

Separately, JMP Securities cut its price target on TPG RE Finance Trust from $14.50 to $13.00 and set a “market outperformance” rating for the company in a Friday, July 1 research report.

About TPG RE Finance Trust

(Get a rating)

TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires and manages commercial mortgages and other commercial real estate related debt securities in the United States. It invests in commercial mortgages; subordinated mortgage interest, mezzanine loans, secured real estate securities, note financing, preferred stock and various debt instruments; and loan obligations secured by commercial real estate and commercial mortgage-backed securities secured by properties primarily in the office, multi-family, life science, mixed-use, hotel, industrial real estate sectors and commercial.

Recommended Stories

Dividend history for TPG RE Finance Trust (NYSE: TRTX)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider TPG RE Finance Trust, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes over…and TPG RE Finance Trust was not on the list.

Although TPG RE Finance Trust currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

  Finance