KKR Real Estate Finance Trust (NYSE:KREF) Posts Earnings Results, Beats Estimates By $0.20 EPS

KKR Real Estate Finance Trust (NYSE:KREF) issued its quarterly earnings data on Monday. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.20, Zacks reports. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock opened at $11.02 on Wednesday. The stock’s fifty day simple moving average is $10.63 and its 200 day simple moving average is $11.32. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75. KKR Real Estate Finance Trust has a one year low of $8.71 and a one year high of $12.95.

KKR Real Estate Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.08%. The ex-dividend date of this dividend was Tuesday, December 31st. KKR Real Estate Finance Trust’s dividend payout ratio is -333.32%.

Analyst Ratings Changes

Several brokerages have commented on KREF. Raymond James dropped their price target on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods dropped their price target on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. JMP Securities lifted their price objective on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. decreased their price objective on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $12.46.

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.