KKR Real Estate Finance Trust (NYSE:KREF – Get Free Report) issued its earnings results on Monday. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03, Briefing.com reports. The firm had revenue of $140.15 million during the quarter, compared to analysts’ expectations of $39.52 million. KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. During the same period last year, the firm posted $0.47 earnings per share.
KKR Real Estate Finance Trust Price Performance
KREF stock opened at $11.80 on Thursday. The company’s 50-day moving average is $11.95 and its 200-day moving average is $10.56. KKR Real Estate Finance Trust has a 1 year low of $8.71 and a 1 year high of $14.12. The company has a debt-to-equity ratio of 3.86, a current ratio of 392.62 and a quick ratio of 392.62. The stock has a market capitalization of $817.91 million, a PE ratio of -25.65 and a beta of 0.99.
KKR Real Estate Finance Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 8.47%. KKR Real Estate Finance Trust’s dividend payout ratio is -217.39%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on KKR Real Estate Finance Trust
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.
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