Wall Street brokerages expect TPG RE Finance Trust Inc (NYSE:TRTX) to announce sales of $39.21 million for the current quarter, according to Zacks. Two analysts have provided estimates for TPG RE Finance Trust’s earnings, with the highest sales estimate coming in at $40.90 million and the lowest estimate coming in at $37.52 million. TPG RE Finance Trust reported sales of $33.73 million during the same quarter last year, which would suggest a positive year over year growth rate of 16.2%. The business is scheduled to report its next earnings results after the market closes on Monday, April 29th.
On average, analysts expect that TPG RE Finance Trust will report full year sales of $164.37 million for the current fiscal year, with estimates ranging from $161.90 million to $168.20 million. For the next financial year, analysts expect that the firm will report sales of $179.56 million, with estimates ranging from $178.00 million to $181.12 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover TPG RE Finance Trust.
TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Monday, February 25th. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ 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 bought and sold shares of TRTX. Nisa Investment Advisors LLC raised its stake in shares of TPG RE Finance Trust by 1,028.3% in the first quarter. Nisa Investment Advisors LLC now owns 3,385 shares of the company’s stock worth $66,000 after purchasing an additional 3,085 shares during the last quarter. Barclays PLC purchased a new position in shares of TPG RE Finance Trust in the fourth quarter worth $106,000. Legal & General Group Plc raised its stake in shares of TPG RE Finance Trust by 10.4% in the third quarter. Legal & General Group Plc now owns 5,916 shares of the company’s stock worth $119,000 after purchasing an additional 557 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of TPG RE Finance Trust by 929.0% in the first quarter. Meeder Asset Management Inc. now owns 6,421 shares of the company’s stock worth $126,000 after purchasing an additional 5,797 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of TPG RE Finance Trust by 389.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,397 shares of the company’s stock worth $208,000 after purchasing an additional 9,068 shares during the last quarter. Hedge funds and other institutional investors own 45.25% of the company’s stock.
Shares of TRTX stock traded up $0.09 during mid-day trading on Friday, hitting $19.74. The company’s stock had a trading volume of 355,900 shares, compared to its average volume of 289,217. TPG RE Finance Trust has a 52-week low of $17.81 and a 52-week 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 stock has a market capitalization of $1.43 billion, a P/E ratio of 11.62, a P/E/G ratio of 2.17 and a beta of 0.31.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Friday, March 29th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 8.71%. 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 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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