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

KKR Real Estate Finance Trust (NYSE:KREF) announced its quarterly earnings data on Monday. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03, Briefing.com reports. 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 earned $0.47 EPS.

KKR Real Estate Finance Trust Trading Down 3.1 %

Shares of KKR Real Estate Finance Trust stock opened at $11.67 on Tuesday. The business has a fifty day simple moving average of $11.92 and a two-hundred day simple moving average of $10.54. 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 market capitalization of $808.89 million, a price-to-earnings ratio of -25.37 and a beta of 0.99. The company has a debt-to-equity ratio of 3.86, a current ratio of 392.62 and a quick ratio of 392.62.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.57%. The ex-dividend date was Monday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio is -217.39%.

Analysts Set New Price Targets

A number of analysts have recently commented on KREF shares. Raymond James boosted their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Wells Fargo & Company increased their price target on shares of 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. BTIG Research restated a “buy” rating and set a $11.50 price objective on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and raised their target price for the company from $11.50 to $13.00 in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. boosted their price target on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.50.

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.