Zacks: Brokerages Anticipate TPG RE Finance Trust Inc (TRTX) Will Announce Earnings of $0.45 Per Share

Equities research analysts expect TPG RE Finance Trust Inc (NYSE:TRTX) to report earnings of $0.45 per share for the current quarter, Zacks reports. Three analysts have made estimates for TPG RE Finance Trust’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.48. TPG RE Finance Trust posted earnings per share of $0.35 during the same quarter last year, which suggests a positive year-over-year growth rate of 28.6%. The company is scheduled to announce its next earnings results on Monday, November 5th.

On average, analysts expect that TPG RE Finance Trust will report full year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.74 to $1.83. For the next year, analysts forecast that the firm will post earnings of $1.88 per share, with EPS estimates ranging from $1.83 to $1.97. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for TPG RE Finance Trust.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Monday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $35.05 million during the quarter, compared to analyst estimates of $34.64 million. TPG RE Finance Trust had a return on equity of 8.10% and a net margin of 43.06%. The company’s revenue was up 8.3% compared to the same quarter last year.

TRTX has been the subject of a number of research reports. Wells Fargo & Co initiated coverage on TPG RE Finance Trust in a report on Monday, April 16th. They issued an “outperform” rating and a $21.00 price target for the company. Zacks Investment Research upgraded TPG RE Finance Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 29th. Finally, ValuEngine lowered TPG RE Finance Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.50.

Shares of NYSE TRTX traded up $0.14 during trading hours on Monday, reaching $19.53. The stock had a trading volume of 664,700 shares, compared to its average volume of 230,252. The company has a debt-to-equity ratio of 2.25, a quick ratio of 14.77 and a current ratio of 18.34. The firm has a market capitalization of $1.14 billion and a price-to-earnings ratio of 11.22. TPG RE Finance Trust has a 52-week low of $18.22 and a 52-week high of $21.05.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 25th. Investors of record on Monday, June 25th were paid a $0.43 dividend. This is an increase from TPG RE Finance Trust’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, June 22nd. This represents a $1.72 dividend on an annualized basis and a yield of 8.81%. TPG RE Finance Trust’s payout ratio is 98.85%.

Large investors have recently modified their holdings of the stock. Swiss National Bank raised its stake in TPG RE Finance Trust by 203.4% in the first quarter. Swiss National Bank now owns 62,200 shares of the company’s stock worth $1,237,000 after buying an additional 41,700 shares in the last quarter. Wells Fargo & Company MN raised its stake in TPG RE Finance Trust by 337.2% in the fourth quarter. Wells Fargo & Company MN now owns 21,315 shares of the company’s stock worth $406,000 after buying an additional 16,440 shares in the last quarter. Deutsche Bank AG raised its stake in TPG RE Finance Trust by 128.7% in the fourth quarter. Deutsche Bank AG now owns 25,641 shares of the company’s stock worth $487,000 after buying an additional 14,429 shares in the last quarter. First Republic Investment Management Inc. raised its stake in TPG RE Finance Trust by 420.2% in the first quarter. First Republic Investment Management Inc. now owns 66,842 shares of the company’s stock worth $1,330,000 after buying an additional 53,992 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in TPG RE Finance Trust by 28.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 60,704 shares of the company’s stock worth $1,208,000 after buying an additional 13,404 shares in the last quarter. 40.74% of the stock is 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 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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