TPG RE Finance Trust (TRTX) to Release Quarterly Earnings on Tuesday

TPG RE Finance Trust (NYSE:TRTX) will announce its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

TPG RE Finance Trust Stock Performance

NYSE:TRTX opened at $5.57 on Friday. The business’s 50-day moving average price is $6.79 and its two-hundred day moving average price is $6.87. TPG RE Finance Trust has a twelve month low of $5.14 and a twelve month high of $9.23. The stock has a market cap of $432.96 million, a P/E ratio of -2.80 and a beta of 1.89. The company has a quick ratio of 110.25, a current ratio of 110.25 and a debt-to-equity ratio of 2.63.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Thursday, September 28th were issued a $0.24 dividend. The ex-dividend date was Wednesday, September 27th. This represents a $0.96 annualized dividend and a dividend yield of 17.24%. TPG RE Finance Trust’s payout ratio is currently -48.24%.

Wall Street Analysts Forecast Growth

TRTX has been the topic of a number of research reports. TheStreet cut TPG RE Finance Trust from a “c-” rating to a “d” rating in a report on Thursday, August 17th. JPMorgan Chase & Co. raised their price target on TPG RE Finance Trust from $6.50 to $7.50 in a research report on Monday, July 24th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.88.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TRTX. Lazard Asset Management LLC bought a new position in TPG RE Finance Trust in the first quarter valued at about $32,000. Tower Research Capital LLC TRC increased its position in TPG RE Finance Trust by 168.9% in the third quarter. Tower Research Capital LLC TRC now owns 4,808 shares of the company’s stock worth $34,000 after buying an additional 3,020 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in TPG RE Finance Trust in the first quarter worth about $53,000. HighTower Advisors LLC purchased a new stake in TPG RE Finance Trust in the first quarter worth about $82,000. Finally, Bayesian Capital Management LP purchased a new stake in TPG RE Finance Trust in the first quarter worth about $83,000. Institutional investors own 57.19% of the company’s stock.

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.