KKR Real Estate Finance Trust Inc (NASDAQ:KREF) declared a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Investors of record on Saturday, September 30th will be paid a dividend of 0.37 per share on Thursday, October 12th. This represents a $1.48 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date is Thursday, September 28th.

Shares of KKR Real Estate Finance Trust (NASDAQ KREF) traded up 0.09% during trading on Thursday, reaching $21.31. 37,188 shares of the company were exchanged. The stock’s 50 day moving average is $20.49 and its 200 day moving average is $21.26. KKR Real Estate Finance Trust has a 1-year low of $19.57 and a 1-year high of $23.99. The company has a market capitalization of $1.14 billion and a price-to-earnings ratio of 13.80.

KKR Real Estate Finance Trust (NASDAQ:KREF) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $17.45 million for the quarter, compared to the consensus estimate of $17.87 million. KKR Real Estate Finance Trust had a return on equity of 6.60% and a net margin of 64.81%. Equities analysts anticipate that KKR Real Estate Finance Trust will post $1.31 earnings per share for the current year.

In other KKR Real Estate Finance Trust news, CEO Christen E.J. Lee bought 17,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average price of $19.95 per share, for a total transaction of $341,145.00. Following the purchase, the chief executive officer now directly owns 36,957 shares in the company, valued at $737,292.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

An institutional investor recently bought a new position in KKR Real Estate Finance Trust stock. State Street Corp bought a new stake in shares of KKR Real Estate Finance Trust Inc (NASDAQ:KREF) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 102,209 shares of the company’s stock, valued at approximately $2,200,000. State Street Corp owned 0.22% of KKR Real Estate Finance Trust as of its most recent SEC filing.

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KREF has been the subject of several recent analyst reports. Wells Fargo & Company initiated coverage on KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. They set a “market perform” rating for the company. J P Morgan Chase & Co initiated coverage on KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. They set a “neutral” rating and a $23.00 price target for the company. Keefe, Bruyette & Woods initiated coverage on KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. They set a “market perform” rating and a $22.50 price target for the company. Finally, Zacks Investment Research upgraded KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, August 1st.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds.

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