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

TPG RE Finance Trust (NYSE:TRTX) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect TPG RE Finance Trust to post earnings of $0.27 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

TPG RE Finance Trust Trading Down 1.4 %

NYSE:TRTX opened at $8.37 on Friday. The company has a quick ratio of 154.59, a current ratio of 154.59 and a debt-to-equity ratio of 2.13. TPG RE Finance Trust has a 52 week low of $4.64 and a 52 week high of $9.66. The stock has a market capitalization of $671.58 million, a price-to-earnings ratio of -5.33, a PEG ratio of 0.24 and a beta of 2.19. The firm has a 50 day moving average of $8.65 and a 200 day moving average of $8.53.

TPG RE Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, September 27th. This represents a $0.96 dividend on an annualized basis and a yield of 11.47%. TPG RE Finance Trust’s payout ratio is -61.15%.

Analysts Set New Price Targets

TRTX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of TPG RE Finance Trust from a “neutral” rating to an “overweight” rating and upped their price target for the company from $9.00 to $9.50 in a research note on Thursday, October 17th. JMP Securities increased their price objective on shares of TPG RE Finance Trust from $9.50 to $10.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 21st. Finally, BTIG Research reiterated a “buy” rating and issued a $11.00 price objective on shares of TPG RE Finance Trust in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.08.

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.