TPG RE Finance Trust (NYSE:TRTX) Posts Earnings Results, Misses Expectations By $0.03 EPS

TPG RE Finance Trust (NYSE:TRTX) issued its quarterly earnings data on Tuesday. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03), FiscalAI reports. The firm had revenue of $35.04 million for the quarter, compared to the consensus estimate of $27.15 million. TPG RE Finance Trust had a return on equity of 6.37% and a net margin of 20.46%.

TPG RE Finance Trust Stock Performance

Shares of TRTX opened at $8.84 on Wednesday. The firm has a market capitalization of $691.43 million, a P/E ratio of 13.59, a P/E/G ratio of 1.70 and a beta of 1.53. TPG RE Finance Trust has a 52 week low of $6.47 and a 52 week high of $9.85. The stock has a 50 day moving average price of $9.01 and a two-hundred day moving average price of $8.99. The company has a debt-to-equity ratio of 2.61, a quick ratio of 166.64 and a current ratio of 166.64.

TPG RE Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, December 26th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend was Friday, December 26th. TPG RE Finance Trust’s payout ratio is currently 147.69%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TRTX shares. Zacks Research downgraded shares of TPG RE Finance Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Weiss Ratings cut TPG RE Finance Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. increased their price objective on TPG RE Finance Trust from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, TPG RE Finance Trust presently has a consensus rating of “Hold” and a consensus target price of $10.75.

Hedge Funds Weigh In On TPG RE Finance Trust

Hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new stake in shares of TPG RE Finance Trust in the fourth quarter valued at about $30,000. Kemnay Advisory Services Inc. bought a new position in shares of TPG RE Finance Trust during the 4th quarter worth approximately $30,000. BNP Paribas Financial Markets boosted its stake in shares of TPG RE Finance Trust by 86.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after buying an additional 3,013 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of TPG RE Finance Trust by 2,454.1% in the third quarter. Russell Investments Group Ltd. now owns 5,951 shares of the company’s stock valued at $51,000 after acquiring an additional 5,718 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of TPG RE Finance Trust by 249.1% during the second quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock valued at $53,000 after acquiring an additional 4,865 shares during the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc (NYSE: TRTX) is a growth-oriented real estate finance company that originates and invests in a diversified portfolio of commercial real estate debt. The company’s primary business activities include the origination and acquisition of senior mortgage loans, mezzanine loans and preferred equity investments. These investments predominantly finance multifamily, office, industrial, retail and hospitality properties across the United States.

TPG RE Finance Trust pursues a flexible capital strategy, structuring transactions that range from first-lien floating-rate loans to subordinated debt and preferred equity.