KKR Real Estate Finance Trust (NYSE:KREF) Posts Quarterly Earnings Results, Misses Estimates By $1.87 EPS

KKR Real Estate Finance Trust (NYSE:KREF) issued its quarterly earnings results on Monday. The company reported ($1.57) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($1.87), Briefing.com reports. The business had revenue of $47.60 million for the quarter, compared to the consensus estimate of $45.47 million. KKR Real Estate Finance Trust had a return on equity of 9.93% and a net margin of 5.88%. KKR Real Estate Finance Trust’s revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 earnings per share.

KKR Real Estate Finance Trust Trading Down 2.9 %

KREF stock traded down $0.34 during midday trading on Wednesday, reaching $11.22. 1,042,265 shares of the company were exchanged, compared to its average volume of 551,762. The company has a current ratio of 364.56, a quick ratio of 364.56 and a debt-to-equity ratio of 4.20. The business has a 50-day moving average price of $9.50 and a two-hundred day moving average price of $10.10. KKR Real Estate Finance Trust has a one year low of $8.71 and a one year high of $14.12.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.00 dividend on an annualized basis and a yield of 8.91%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -217.39%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KREF shares. JMP Securities reissued a “market outperform” rating and issued a $12.00 target price on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 21st. BTIG Research reissued a “buy” rating and issued a $11.50 target price on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. JPMorgan Chase & Co. decreased their target price on shares of KKR Real Estate Finance Trust from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of KKR Real Estate Finance Trust from $10.00 to $9.75 and set a “market perform” rating for the company in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.25.

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.