KKR Real Estate Finance Trust (NYSE:KREF) Announces Earnings Results

KKR Real Estate Finance Trust (NYSE:KREF) posted its quarterly earnings results on Monday. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03, Briefing.com reports. The firm had revenue of $140.15 million during the quarter, compared to the consensus estimate of $39.52 million. KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. During the same period in the previous year, the firm posted $0.47 earnings per share.

KKR Real Estate Finance Trust Stock Up 1.1 %

Shares of KREF stock traded up $0.13 on Wednesday, hitting $11.80. The stock had a trading volume of 477,719 shares, compared to its average volume of 529,106. The company has a debt-to-equity ratio of 3.86, a current ratio of 392.62 and a quick ratio of 392.62. The business has a 50 day moving average of $11.93 and a 200 day moving average of $10.55. KKR Real Estate Finance Trust has a 12-month low of $8.71 and a 12-month high of $14.12. The stock has a market cap of $817.91 million, a price-to-earnings ratio of -25.46 and a beta of 0.99.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date of this dividend was Monday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio is -217.39%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KREF shares. BTIG Research reaffirmed a “buy” rating and issued a $11.50 target price on shares of KKR Real Estate Finance Trust in a research report on Friday, July 19th. Raymond James decreased their price objective on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. increased their target price on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $11.50 to $13.00 in a research note on Thursday, September 5th. Finally, Wells Fargo & Company upped their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.43.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans.