KKR Real Estate Finance Trust (NYSE:KREF – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02, Briefing.com reports. KKR Real Estate Finance Trust had a negative net margin of 4.82% and a positive return on equity of 10.59%. The company had revenue of $151.62 million for the quarter, compared to the consensus estimate of $43.16 million. During the same period last year, the firm posted $0.48 EPS.
KKR Real Estate Finance Trust Price Performance
Shares of NYSE KREF traded down $0.25 during midday trading on Wednesday, hitting $9.77. The company had a trading volume of 477,067 shares, compared to its average volume of 588,882. The company has a quick ratio of 361.75, a current ratio of 361.76 and a debt-to-equity ratio of 4.32. KKR Real Estate Finance Trust has a twelve month low of $9.09 and a twelve month high of $14.12. The business has a 50-day simple moving average of $9.77 and a two-hundred day simple moving average of $11.31. The firm has a market capitalization of $677.16 million, a price-to-earnings ratio of -12.53 and a beta of 0.96.
KKR Real Estate Finance Trust Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.24%. The ex-dividend date of this dividend was Wednesday, March 27th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -128.21%.
Insider Activity at KKR Real Estate Finance Trust
Analyst Upgrades and Downgrades
KREF has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. JPMorgan Chase & Co. lowered their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. Finally, JMP Securities lowered their target price on shares of KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating on the stock in a report on Wednesday, February 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.
Read 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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