KKR Real Estate Finance Trust (NYSE:KREF) Issues Earnings Results, Beats Estimates By $0.03 EPS

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

KKR Real Estate Finance Trust Price Performance

KREF stock opened at $11.68 on Wednesday. The company’s 50 day moving average price is $11.93 and its 200 day moving average price is $10.55. The firm has a market capitalization of $809.59 million, a price-to-earnings ratio of -25.39 and a beta of 0.99. KKR Real Estate Finance Trust has a fifty-two week low of $8.71 and a fifty-two week high of $14.12. The company has a debt-to-equity ratio of 3.86, a quick ratio of 392.62 and a current ratio of 392.62.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.56%. The ex-dividend date of this dividend was Monday, September 30th. KKR Real Estate Finance Trust’s payout ratio is presently -217.39%.

Analysts Set New Price Targets

Several equities analysts have recently commented on KREF shares. Wells Fargo & Company upped their price target on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $11.50 to $13.00 in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their price target on shares of KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Raymond James upped their price target on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Finally, BTIG Research reiterated a “buy” rating and issued a $11.50 price objective on shares of KKR Real Estate Finance Trust in a report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

About KKR Real Estate Finance Trust

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.