Equities analysts expect TPG RE Finance Trust Inc (NYSE:TRTX) to post earnings per share (EPS) of $0.44 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for TPG RE Finance Trust’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.46. TPG RE Finance Trust posted earnings of $0.42 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The company is scheduled to report its next quarterly earnings results on Monday, May 6th.
On average, analysts expect that TPG RE Finance Trust will report full-year earnings of $1.80 per share for the current fiscal year, with EPS estimates ranging from $1.76 to $1.88. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.81 per share, with EPS estimates ranging from $1.80 to $1.82. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for TPG RE Finance Trust.
TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Monday, February 25th. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). TPG RE Finance Trust had a return on equity of 8.50% and a net margin of 40.07%.
Several hedge funds have recently added to or reduced their stakes in TRTX. Barclays PLC bought a new position in shares of TPG RE Finance Trust during the 4th quarter valued at $106,000. Legal & General Group Plc grew its holdings in shares of TPG RE Finance Trust by 10.4% during the 3rd quarter. Legal & General Group Plc now owns 5,916 shares of the company’s stock valued at $119,000 after purchasing an additional 557 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of TPG RE Finance Trust by 389.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,397 shares of the company’s stock valued at $208,000 after purchasing an additional 9,068 shares during the last quarter. United Services Automobile Association bought a new position in shares of TPG RE Finance Trust during the 3rd quarter valued at $224,000. Finally, Symons Capital Management Inc. bought a new position in shares of TPG RE Finance Trust during the 4th quarter valued at $309,000. 45.25% of the stock is currently owned by institutional investors.
Shares of NYSE:TRTX traded down $0.01 during trading on Monday, reaching $19.60. The company had a trading volume of 1,091,870 shares, compared to its average volume of 471,996. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 2.18 and a beta of 0.31. TPG RE Finance Trust has a 12 month low of $17.81 and a 12 month high of $21.05. The company has a debt-to-equity ratio of 2.35, a current ratio of 95.39 and a quick ratio of 95.39.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Friday, March 29th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 8.78%. The ex-dividend date of this dividend is Thursday, March 28th. TPG RE Finance Trust’s dividend payout ratio is currently 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 the United States. 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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