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

KKR Real Estate Finance Trust (NYSE:KREF) posted its quarterly earnings data on Monday. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Up 1.0 %

KREF traded up $0.10 during trading on Monday, reaching $10.08. 560,443 shares of the stock traded hands, compared to its average volume of 438,635. The stock’s 50-day simple moving average is $10.67 and its two-hundred day simple moving average is $11.31. KKR Real Estate Finance Trust has a fifty-two week low of $8.71 and a fifty-two week high of $12.95. The stock has a market cap of $700.92 million, a price-to-earnings ratio of -33.58 and a beta of 1.00. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.93%. KKR Real Estate Finance Trust’s payout ratio is -333.32%.

Analyst Upgrades and Downgrades

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

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.