Zacks: Analysts Expect TPG RE Finance Trust Inc (NYSE:TRTX) Will Announce Earnings of $0.44 Per Share

Analysts expect TPG RE Finance Trust Inc (NYSE:TRTX) to report $0.44 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for TPG RE Finance Trust’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.43. TPG RE Finance Trust reported earnings per share of $0.42 in the same quarter last year, which suggests a positive year over year growth rate of 4.8%. The business is scheduled to issue its next quarterly earnings report on Monday, November 4th.

On average, analysts expect that TPG RE Finance Trust will report full year earnings of $1.74 per share for the current financial year, with EPS estimates ranging from $1.71 to $1.75. For the next financial year, analysts forecast that the company will report earnings of $1.76 per share, with EPS estimates ranging from $1.65 to $1.80. Zacks’ EPS calculations are an average based on a survey of research firms that follow TPG RE Finance Trust.

TPG RE Finance Trust (NYSE:TRTX) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $42.24 million during the quarter, compared to analysts’ expectations of $41.19 million. TPG RE Finance Trust had a return on equity of 8.38% and a net margin of 37.63%. During the same period in the prior year, the business posted $0.44 EPS.



Separately, Zacks Investment Research upgraded TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd.

Shares of NYSE TRTX traded up $0.02 during mid-day trading on Friday, reaching $19.38. 389,987 shares of the company were exchanged, compared to its average volume of 284,584. The company has a quick ratio of 41.04, a current ratio of 41.04 and a debt-to-equity ratio of 2.86. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 2.27 and a beta of 0.33. TPG RE Finance Trust has a 1 year low of $17.81 and a 1 year high of $20.74. The firm has a 50-day moving average of $19.59 and a 200 day moving average of $19.70.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Friday, June 28th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 8.88%. The ex-dividend date of this dividend was Thursday, June 27th. TPG RE Finance Trust’s dividend payout ratio is currently 101.18%.

Large investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in shares of TPG RE Finance Trust by 1.2% in the first quarter. Rhumbline Advisers now owns 51,271 shares of the company’s stock valued at $1,005,000 after purchasing an additional 631 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of TPG RE Finance Trust by 2.1% in the second quarter. Allianz Asset Management GmbH now owns 31,129 shares of the company’s stock valued at $600,000 after purchasing an additional 653 shares during the period. Summit Global Investments increased its holdings in shares of TPG RE Finance Trust by 3.9% in the second quarter. Summit Global Investments now owns 35,000 shares of the company’s stock valued at $675,000 after purchasing an additional 1,300 shares during the period. Northern Trust Corp increased its holdings in shares of TPG RE Finance Trust by 0.4% in the fourth quarter. Northern Trust Corp now owns 424,203 shares of the company’s stock valued at $7,755,000 after purchasing an additional 1,730 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of TPG RE Finance Trust by 6,324.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,863 shares of the company’s stock valued at $37,000 after purchasing an additional 1,834 shares during the period. 59.51% of the stock is currently owned by institutional investors.

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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