KKR Real Estate Finance Trust Inc. to Issue Quarterly Dividend of $0.25 (NYSE:KREF)

KKR Real Estate Finance Trust Inc. (NYSE:KREF) declared a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.25 per share on Wednesday, January 15th. This represents a $1.00 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend is Tuesday, December 31st.

KKR Real Estate Finance Trust has a payout ratio of 95.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect KKR Real Estate Finance Trust to earn $1.19 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 84.0%.

KKR Real Estate Finance Trust Trading Up 0.3 %

KKR Real Estate Finance Trust stock traded up $0.03 during trading on Friday, reaching $11.50. The company had a trading volume of 250,044 shares, compared to its average volume of 515,590. The company has a debt-to-equity ratio of 3.75, a quick ratio of 277.63 and a current ratio of 277.63. The firm has a market capitalization of $799.71 million, a price-to-earnings ratio of -38.32 and a beta of 0.98. KKR Real Estate Finance Trust has a 12-month low of $8.71 and a 12-month high of $14.12. The stock’s 50 day moving average price is $11.65 and its two-hundred day moving average price is $11.05.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Monday, October 21st. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The business 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 return on equity of 9.46% and a net margin of 0.40%. During the same period in the prior year, the firm posted $0.47 EPS. As a group, equities analysts expect that KKR Real Estate Finance Trust will post 1.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

KREF has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price target on KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating for the company in a research note on Monday. 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 report on Thursday, September 5th. Wells Fargo & Company lifted their price target on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Raymond James cut their target price on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, JMP Securities upped their price target on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, KKR Real Estate Finance Trust presently has a consensus rating of “Buy” and a consensus price target of $12.75.

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.