KKR Real Estate Finance Trust (KREF) To Go Ex-Dividend on June 30th

KKR Real Estate Finance Trust (NYSE:KREF) announced a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.10 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

KKR Real Estate Finance Trust has decreased its dividend payment by an average of 0.1%annually over the last three years. KKR Real Estate Finance Trust has a payout ratio of 107.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect KKR Real Estate Finance Trust to earn $0.13 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 769.2%.

KKR Real Estate Finance Trust Stock Performance

KREF opened at $6.09 on Friday. The firm has a market capitalization of $391.14 million, a P/E ratio of -3.27 and a beta of 0.91. The stock’s 50 day moving average price is $6.64 and its two-hundred day moving average price is $7.71. The company has a quick ratio of 407.64, a current ratio of 407.64 and a debt-to-equity ratio of 3.83. KKR Real Estate Finance Trust has a 12-month low of $5.25 and a 12-month high of $9.98.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Wednesday, April 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). The business had revenue of $20.89 million during the quarter, compared to analyst estimates of $28.76 million. KKR Real Estate Finance Trust had a negative net margin of 23.55% and a negative return on equity of 0.76%. On average, equities analysts forecast that KKR Real Estate Finance Trust will post 0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KREF. Keefe, Bruyette & Woods decreased their price objective on KKR Real Estate Finance Trust from $8.00 to $7.00 and set a “market perform” rating on the stock in a report on Wednesday, April 8th. BTIG Research lowered KKR Real Estate Finance Trust from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Weiss Ratings reissued a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a report on Tuesday. Citizens Jmp decreased their price objective on KKR Real Estate Finance Trust from $10.00 to $9.50 and set a “market outperform” rating on the stock in a report on Monday, March 23rd. Finally, Wall Street Zen lowered KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.00.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust, Inc (NYSE: KREF) is a mortgage real estate investment trust sponsored by KKR & Co Inc The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.

The trust’s investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions.