Analysts expect TPG Real Estate Finance Trust (NYSE:TRTX) to report $0.44 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for TPG Real Estate Finance Trust’s earnings, with estimates ranging from $0.43 to $0.47. TPG Real Estate Finance Trust reported earnings per share of $0.64 during the same quarter last year, which suggests a negative year over year growth rate of 31.3%. The firm is expected to issue its next quarterly earnings report on Thursday, August 23rd.
According to Zacks, analysts expect that TPG Real Estate Finance Trust will report full-year earnings of $1.78 per share for the current financial year, with EPS estimates ranging from $1.74 to $1.83. For the next fiscal year, analysts expect that the business will report earnings of $1.87 per share, with EPS estimates ranging from $1.82 to $1.97. Zacks’ EPS calculations are an average based on a survey of research analysts that cover TPG Real Estate Finance Trust.
Get TPG Real Estate Finance Trust alerts:TPG Real Estate Finance Trust (NYSE:TRTX) last issued its quarterly earnings results on Monday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). TPG Real Estate Finance Trust had a return on equity of 8.34% and a net margin of 45.22%. The business had revenue of $33.40 million during the quarter, compared to analyst estimates of $33.54 million. During the same period in the previous year, the business posted $0.48 earnings per share. The firm’s quarterly revenue was up 10.8% on a year-over-year basis.
A number of analysts have issued reports on the company. Zacks Investment Research lowered TPG Real Estate Finance Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 11th. Wells Fargo assumed coverage on TPG Real Estate Finance Trust in a research note on Monday, April 16th. They issued an “outperform” rating and a $21.00 price target on the stock. ValuEngine lowered TPG Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Raymond James initiated coverage on TPG Real Estate Finance Trust in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $22.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $21.38.
NYSE:TRTX traded up $0.12 during mid-day trading on Friday, reaching $20.33. The company’s stock had a trading volume of 82,100 shares, compared to its average volume of 186,526. The company has a current ratio of 14.77, a quick ratio of 14.77 and a debt-to-equity ratio of 1.99. TPG Real Estate Finance Trust has a twelve month low of $18.22 and a twelve month high of $20.70. The firm has a market cap of $1.19 billion and a price-to-earnings ratio of 11.61.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 25th. Stockholders of record on Thursday, March 29th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 8.26%. The ex-dividend date was Wednesday, March 28th. TPG Real Estate Finance Trust’s dividend payout ratio is currently 96.55%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRTX. BlackRock Inc. raised its holdings in shares of TPG Real Estate Finance Trust by 607.0% during the 1st quarter. BlackRock Inc. now owns 5,370,428 shares of the company’s stock valued at $106,818,000 after buying an additional 4,610,851 shares during the period. Northern Trust Corp raised its holdings in shares of TPG Real Estate Finance Trust by 73.0% during the 1st quarter. Northern Trust Corp now owns 205,914 shares of the company’s stock valued at $4,096,000 after buying an additional 86,859 shares during the period. First Republic Investment Management Inc. raised its holdings in shares of TPG Real Estate Finance Trust by 420.2% during the 1st quarter. First Republic Investment Management Inc. now owns 66,842 shares of the company’s stock valued at $1,330,000 after buying an additional 53,992 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of TPG Real Estate Finance Trust by 45.0% during the 1st quarter. JPMorgan Chase & Co. now owns 171,952 shares of the company’s stock valued at $3,420,000 after buying an additional 53,404 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of TPG Real Estate Finance Trust by 140.1% during the 4th quarter. Geode Capital Management LLC now owns 82,954 shares of the company’s stock valued at $1,580,000 after buying an additional 48,405 shares during the period. 32.65% of the stock is currently owned by institutional investors and hedge funds.
TPG Real Estate 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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