Equities analysts expect TPG RE Finance Trust Inc (NYSE:TRTX) to report $41.28 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for TPG RE Finance Trust’s earnings, with the highest sales estimate coming in at $42.16 million and the lowest estimate coming in at $40.40 million. TPG RE Finance Trust posted sales of $35.05 million in the same quarter last year, which suggests a positive year-over-year growth rate of 17.8%. The business is scheduled to report its next quarterly earnings results on Monday, August 5th.
According to Zacks, analysts expect that TPG RE Finance Trust will report full-year sales of $163.72 million for the current year, with estimates ranging from $161.50 million to $166.66 million. For the next year, analysts forecast that the business will post sales of $177.32 million, with estimates ranging from $171.20 million to $182.77 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow TPG RE Finance Trust.
TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Monday, April 29th. The company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. TPG RE Finance Trust had a net margin of 38.79% and a return on equity of 8.39%. The company had revenue of $37.23 million for the quarter, compared to analysts’ expectations of $37.64 million. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis.
TRTX stock opened at $19.51 on Wednesday. The company has a current ratio of 89.90, a quick ratio of 89.90 and a debt-to-equity ratio of 2.48. TPG RE Finance Trust has a twelve month low of $17.81 and a twelve month high of $20.89. The business’s 50 day moving average is $19.56. The firm has a market capitalization of $1.42 billion, a PE ratio of 11.48, a P/E/G ratio of 2.24 and a beta of 0.32.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.72 dividend on an annualized basis and a yield of 8.82%. TPG RE Finance Trust’s payout ratio is currently 101.18%.
A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC grew its position in shares of TPG RE Finance Trust by 137.7% during the fourth quarter. Millennium Management LLC now owns 250,632 shares of the company’s stock worth $4,582,000 after acquiring an additional 145,195 shares during the last quarter. Timbercreek Investment Management Inc. grew its position in shares of TPG RE Finance Trust by 9.4% during the first quarter. Timbercreek Investment Management Inc. now owns 531,866 shares of the company’s stock worth $10,425,000 after acquiring an additional 45,700 shares during the last quarter. Menta Capital LLC grew its position in shares of TPG RE Finance Trust by 162.0% during the fourth quarter. Menta Capital LLC now owns 72,015 shares of the company’s stock worth $1,316,000 after acquiring an additional 44,525 shares during the last quarter. Prudential Financial Inc. grew its position in shares of TPG RE Finance Trust by 149.8% during the fourth quarter. Prudential Financial Inc. now owns 96,920 shares of the company’s stock worth $1,772,000 after acquiring an additional 58,120 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in shares of TPG RE Finance Trust by 314.2% during the fourth quarter. APG Asset Management N.V. now owns 192,200 shares of the company’s stock worth $3,073,000 after acquiring an additional 145,800 shares during the last quarter. 58.68% of the stock is currently owned by institutional investors.
About TPG RE Finance Trust
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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