TPG RE Finance Trust (NYSE:TRTX) Releases Quarterly Earnings Results, Misses Expectations By $0.18 EPS

TPG RE Finance Trust (NYSE:TRTX) posted its quarterly earnings results on Monday. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.18), FiscalAI reports. The company had revenue of $35.92 million during the quarter, compared to the consensus estimate of $37.10 million. TPG RE Finance Trust had a return on equity of 6.85% and a net margin of 17.03%.

TPG RE Finance Trust Stock Performance

NYSE TRTX opened at $6.25 on Tuesday. The firm has a market cap of $479.43 million, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 1.38 and a beta of 1.47. The company has a quick ratio of 200.26, a current ratio of 200.26 and a debt-to-equity ratio of 3.30. The company’s 50 day moving average is $6.90 and its 200-day moving average is $8.05. TPG RE Finance Trust has a 12-month low of $5.60 and a 12-month high of $9.37.

TPG RE Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, September 28th were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.96 annualized dividend and a dividend yield of 15.4%. TPG RE Finance Trust’s payout ratio is 177.78%.

Analyst Upgrades and Downgrades

TRTX has been the subject of several research reports. Weiss Ratings lowered TPG RE Finance Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 16th. JPMorgan Chase & Co. boosted their target price on TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Wall Street Zen upgraded TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. UBS Group cut TPG RE Finance Trust to a “neutral” rating in a research report on Thursday, September 17th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a research report on Thursday, September 17th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, TPG RE Finance Trust currently has an average rating of “Moderate Buy” and an average target price of $10.00.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a commercial real estate finance company that operates as a real estate investment trust (REIT). The company originates, acquires and manages commercial mortgage loans secured primarily by properties in the United States.

Its portfolio is focused on transitional senior loans, which finance commercial properties undergoing lease-up, renovation, redevelopment or repositioning. These loans are generally secured by institutional-quality real estate across property types such as multifamily, office, hotel, industrial and retail.

TPG RE Finance Trust was formed in 2014 and completed its initial public offering in 2017.