KKR Real Estate Finance Trust Inc. to Issue Quarterly Dividend of $0.25 (NYSE:KREF)

KKR Real Estate Finance Trust Inc. (NYSE:KREF) declared a quarterly dividend on Friday, March 14th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.25 per share on Tuesday, April 15th. This represents a $1.00 annualized dividend and a yield of 9.11%.

KKR Real Estate Finance Trust has decreased its dividend by an average of 12.5% annually over the last three years. KKR Real Estate Finance Trust has a payout ratio of 72.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KKR Real Estate Finance Trust to earn $1.08 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 92.6%.

KKR Real Estate Finance Trust Stock Performance

KREF stock opened at $10.97 on Friday. The company has a debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 296.16. The company has a 50 day moving average price of $10.68 and a 200 day moving average price of $11.30. 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 capitalization of $753.93 million, a PE ratio of 60.97 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Monday, February 3rd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.20. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. Analysts forecast that KKR Real Estate Finance Trust will post 1.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price 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. Keefe, Bruyette & Woods decreased their price target on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a report on Tuesday, January 14th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target 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.