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

KKR Real Estate Finance Trust (NYSE:KREF) issued its quarterly earnings data on Monday. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03, Briefing.com reports. KKR Real Estate Finance Trust had a return on equity of 9.88% and a net margin of 5.88%. During the same quarter last year, the firm posted $0.47 earnings per share.

KKR Real Estate Finance Trust Stock Performance

NYSE:KREF opened at $11.67 on Tuesday. The company has a market cap of $808.89 million, a P/E ratio of -25.37 and a beta of 0.99. KKR Real Estate Finance Trust has a twelve month low of $8.71 and a twelve month high of $14.12. The company’s 50-day moving average price is $11.92 and its 200-day moving average price is $10.54. The company has a current ratio of 392.62, a quick ratio of 392.62 and a debt-to-equity ratio of 3.86.

KKR Real Estate Finance Trust Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on KREF shares. Wells Fargo & Company raised their price target on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $11.50 to $13.00 in a research report on Thursday, September 5th. JPMorgan Chase & Co. lifted their price objective on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Raymond James boosted their price target on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Finally, BTIG Research reaffirmed 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.