KKR Real Estate Finance Trust (NYSE:KREF – Get Free Report) issued its quarterly earnings data on Monday. The company reported ($1.57) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($1.87), Briefing.com reports. The firm had revenue of $47.60 million during the quarter, compared to analyst estimates of $45.47 million. KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.93%. The firm’s revenue was down 6.7% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS.
KKR Real Estate Finance Trust Stock Performance
Shares of KREF traded up $0.13 during midday trading on Thursday, hitting $11.35. The stock had a trading volume of 37,973 shares, compared to its average volume of 548,148. The business has a 50-day simple moving average of $9.53 and a two-hundred day simple moving average of $10.11. The company has a debt-to-equity ratio of 4.20, a quick ratio of 364.56 and a current ratio of 364.56. KKR Real Estate Finance Trust has a fifty-two week low of $8.71 and a fifty-two week high of $14.12.
KKR Real Estate Finance Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, June 28th. This represents a $1.00 annualized dividend and a yield of 8.81%. KKR Real Estate Finance Trust’s payout ratio is presently -217.39%.
Analysts Set New Price Targets
Check Out Our Latest Research Report on KREF
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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