TPG RE Finance Trust (TRTX) Set to Announce Earnings on Tuesday

TPG RE Finance Trust (NYSE:TRTX) is set to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

TPG RE Finance Trust Price Performance

TRTX opened at $7.55 on Friday. The company has a quick ratio of 158.41, a current ratio of 158.41 and a debt-to-equity ratio of 2.46. TPG RE Finance Trust has a 52-week low of $4.64 and a 52-week high of $8.12. The company has a 50 day moving average of $7.42 and a two-hundred day moving average of $6.53. The company has a market cap of $587.92 million, a P/E ratio of -4.47 and a beta of 2.10.

TPG RE Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.96 annualized dividend and a yield of 12.72%. TPG RE Finance Trust’s dividend payout ratio is currently -56.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TRTX shares. JPMorgan Chase & Co. boosted their price objective on shares of TPG RE Finance Trust from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Raymond James downgraded shares of TPG RE Finance Trust from a “strong-buy” rating to an “outperform” rating and set a $8.50 price objective for the company. in a research note on Friday, April 12th. Bank of America restated an “underperform” rating and issued a $6.50 target price on shares of TPG RE Finance Trust in a research note on Monday, March 4th. Finally, Wells Fargo & Company upped their target price on shares of TPG RE Finance Trust from $6.00 to $7.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, TPG RE Finance Trust currently has an average rating of “Hold” and an average target price of $7.70.

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.