KKR Real Estate Finance Trust (NYSE:KREF) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

KKR Real Estate Finance Trust (NYSE:KREF) 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

KREF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Raymond James reduced their price objective on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday. Wells Fargo & Company boosted their price target on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Keefe, Bruyette & Woods upgraded KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and upped their price target for the company from $11.50 to $13.00 in a research report on Thursday, September 5th. Finally, BTIG Research reiterated 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.43.

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.