Brokerages Expect KKR Real Estate Finance Trust Inc. (NYSE:KREF) to Announce $0.48 EPS

Brokerages expect KKR Real Estate Finance Trust Inc. (NYSE:KREF) to announce earnings of $0.48 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for KKR Real Estate Finance Trust’s earnings, with estimates ranging from $0.47 to $0.48. KKR Real Estate Finance Trust reported earnings per share of $0.58 in the same quarter last year, which would indicate a negative year over year growth rate of 17.2%. The business is expected to report its next quarterly earnings results on Monday, October 25th.

On average, analysts expect that KKR Real Estate Finance Trust will report full year earnings of $2.02 per share for the current financial year, with EPS estimates ranging from $2.01 to $2.03. For the next fiscal year, analysts expect that the business will post earnings of $1.84 per share, with EPS estimates ranging from $1.81 to $1.87. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover KKR Real Estate Finance Trust.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Sunday, July 25th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. KKR Real Estate Finance Trust had a return on equity of 11.24% and a net margin of 51.55%.

KREF has been the subject of a number of recent analyst reports. JMP Securities reissued a “market outperform” rating and issued a $20.91 price objective (down previously from $21.50) on shares of KKR Real Estate Finance Trust in a research report on Tuesday, July 27th. Zacks Investment Research lowered KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $21.88.

Shares of NYSE:KREF opened at $21.09 on Tuesday. The company has a quick ratio of 619.94, a current ratio of 619.94 and a debt-to-equity ratio of 3.42. The stock has a market cap of $1.17 billion, a P/E ratio of 9.95 and a beta of 0.72. The business’s 50 day moving average is $21.15 and its 200 day moving average is $20.75. KKR Real Estate Finance Trust has a 52-week low of $16.01 and a 52-week high of $23.42.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday, September 30th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $1.72 annualized dividend and a yield of 8.16%. KKR Real Estate Finance Trust’s dividend payout ratio is currently 88.21%.

In other KKR Real Estate Finance Trust news, Director Christen E.J. Lee sold 10,098 shares of the stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $21.39, for a total value of $215,996.22. Following the completion of the transaction, the director now directly owns 262,324 shares of the company’s stock, valued at $5,611,110.36. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC purchased a new position in shares of KKR Real Estate Finance Trust in the 1st quarter valued at $26,000. Meeder Asset Management Inc. increased its position in shares of KKR Real Estate Finance Trust by 159.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,218 shares of the company’s stock worth $26,000 after purchasing an additional 749 shares during the last quarter. Catalyst Capital Advisors LLC boosted its holdings in shares of KKR Real Estate Finance Trust by 54.7% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,810 shares of the company’s stock valued at $33,000 after buying an additional 640 shares during the period. Advisory Services Network LLC acquired a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at about $37,000. Finally, Advisor Group Holdings Inc. boosted its holdings in shares of KKR Real Estate Finance Trust by 35.6% in the 2nd quarter. Advisor Group Holdings Inc. now owns 1,818 shares of the company’s stock valued at $38,000 after buying an additional 477 shares during the period. Institutional investors own 82.15% of the company’s stock.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust, Inc is a real estate finance company, which focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. Its target assets include mezzanine loans, preferred equity and other debt-oriented instruments. The company’s investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, primarily through dividends.

Read More: Net Asset Value

Get a free copy of the Zacks research report on KKR Real Estate Finance Trust (KREF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for KKR Real Estate Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR Real Estate Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.