$0.43 EPS Expected for TPG RE Finance Trust Inc (TRTX) This Quarter

Brokerages expect TPG RE Finance Trust Inc (NYSE:TRTX) to report $0.43 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for TPG RE Finance Trust’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.45. TPG RE Finance Trust posted earnings of $0.44 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 2.3%. The business is expected to issue its next earnings report on Monday, August 5th.

According to Zacks, analysts expect that TPG RE Finance Trust will report full-year earnings of $1.75 per share for the current fiscal year, with EPS estimates ranging from $1.72 to $1.77. For the next fiscal year, analysts expect that the firm will post earnings of $1.79 per share, with EPS estimates ranging from $1.75 to $1.83. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow TPG RE Finance Trust.

TPG RE Finance Trust (NYSE:TRTX) last issued its earnings results on Monday, April 29th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The business had revenue of $37.23 million for the quarter, compared to analyst estimates of $37.64 million. TPG RE Finance Trust had a net margin of 38.79% and a return on equity of 8.39%. TPG RE Finance Trust’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 earnings per share.

Separately, Zacks Investment Research upgraded shares of TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 5th.

Several hedge funds have recently added to or reduced their stakes in TRTX. First Republic Investment Management Inc. boosted its holdings in shares of TPG RE Finance Trust by 3,303.9% during the 1st quarter. First Republic Investment Management Inc. now owns 8,476,320 shares of the company’s stock valued at $166,136,000 after buying an additional 8,227,300 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of TPG RE Finance Trust by 27.5% during the 3rd quarter. Vanguard Group Inc now owns 4,219,091 shares of the company’s stock valued at $84,466,000 after buying an additional 909,957 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of TPG RE Finance Trust by 27.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,219,091 shares of the company’s stock valued at $84,466,000 after buying an additional 909,957 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of TPG RE Finance Trust during the 1st quarter valued at $13,272,000. Finally, Marshall Wace North America L.P. boosted its holdings in shares of TPG RE Finance Trust by 2,489.1% during the 1st quarter. Marshall Wace North America L.P. now owns 374,457 shares of the company’s stock valued at $7,339,000 after buying an additional 359,994 shares in the last quarter. Institutional investors own 52.20% of the company’s stock.

NYSE TRTX traded up $0.10 on Friday, hitting $19.68. 1,750 shares of the company were exchanged, compared to its average volume of 272,904. The firm has a market cap of $1.42 billion, a PE ratio of 11.57, a P/E/G ratio of 2.23 and a beta of 0.29. TPG RE Finance Trust has a 12 month low of $17.81 and a 12 month high of $21.05. The company has a quick ratio of 89.90, a current ratio of 89.90 and a debt-to-equity ratio of 2.48.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Friday, March 29th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.72 dividend on an annualized basis and a yield of 8.74%. TPG RE Finance Trust’s dividend payout ratio is presently 101.18%.

TPG RE Finance Trust Company Profile

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 North America. It invests in commercial mortgage loans; and subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments secured by properties primarily in the office, mixed use, multifamily, industrial, retail, and hospitality real estate sectors.

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