Why Did TPG RE Finance Trust Plunge 26.32% on Earnings Miss?

Generated by AI AgentAinvest Movers Radar
Monday, Apr 14, 2025 5:29 am ET1min read

On April 14, 2025,

experienced a significant drop of 26.32% in pre-market trading, reflecting a notable decline in investor sentiment towards the company.

JPMorgan Chase & Co. recently adjusted their price target for TPG RE Finance Trust, reducing it from $9.50 to $8.50 and maintaining an “overweight” rating. This adjustment comes amidst a broader reassessment of the company's financial outlook by Wall Street analysts.

Corebridge Financial Inc. has reduced its holdings in TPG RE Finance Trust by 7.0% during the fourth quarter, selling 2,238 shares and now owning 29,652 shares. This move is part of a broader trend among institutional investors who have been adjusting their positions in the company.

Several other institutional investors have also made significant changes to their stakes in TPG RE Finance Trust. KLP Kapitalforvaltning AS acquired a new stake valued at $75,000, while Virtu Financial LLC and Wealthfront Advisers LLC also increased their holdings. Stratos Wealth Partners LTD. lifted its stake by 20.4%, now owning 15,456 shares worth $131,000.

TPG RE Finance Trust recently reported its quarterly earnings, missing the consensus estimate of $0.26 EPS by $0.18. The company reported earnings of $0.08 per share for the quarter, with revenue of $34.74 million. Despite the earnings miss, the company's net margin remains strong at 21.79% and its return on equity at 7.57%.

The company has also announced a quarterly dividend of $0.24 per share, payable on April 25, 2025. This represents an annualized dividend of $0.96 and a dividend yield of 14.09%. The ex-dividend date is March 28, 2025, with a payout ratio of 128.00%.

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