TPG RE Finance Trust's Series E Preference Shares Cross 8.5% Yield Mark
In trading on Wednesday, shares of TPG RE Finance Trust Inc's 5.75% Ser E Cumul Redeemable Perp Preference Shares (Symbol: TRTX.PRC) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.5624), with shares changing hands as low as $18.38 on the day. This compares to an average yield of 8.04% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, TRTX.PRC was trading at a 25.60% discount to its liquidation preference amount, versus the average discount of 14.04% in the "Real Estate" category.
The chart below shows the one year performance of TRTX.PRC shares, versus TRTX:
Below is a dividend history chart for TRTX.PRC, showing historical dividend payments on TPG RE Finance Trust Inc's 5.75% Ser E Cumul Redeemable Perp Preference Shares:
In Wednesday trading, TPG RE Finance Trust Inc's 5.75% Ser E Cumul Redeemable Perp Preference Shares (Symbol: TRTX.PRC) is currently off about 1.1% on the day, while the common shares (Symbol: TRTX) are down about 3.5%.
Further TRTX.PRC Research:
