KKR Real Estate Finance Trust Inc. (NYSE:KREF) Announces $0.25 Quarterly Dividend

KKR Real Estate Finance Trust Inc. (NYSE:KREF) announced a quarterly dividend on Friday, September 13th, Wall Street Journal reports. Investors of record on Monday, September 30th will be paid a dividend of 0.25 per share on Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 8.02%. The ex-dividend date of this dividend is Monday, September 30th.

KKR Real Estate Finance Trust has a payout ratio of 77.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect KKR Real Estate Finance Trust to earn $1.19 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 84.0%.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock remained flat at $12.47 during midday trading on Friday. 346,249 shares of the company traded hands, compared to its average volume of 548,600. The stock has a market cap of $864.35 million, a price-to-earnings ratio of -27.10 and a beta of 0.99. The company has a quick ratio of 392.62, a current ratio of 392.62 and a debt-to-equity ratio of 3.86. The firm has a 50 day moving average price of $11.66 and a 200 day moving average price of $10.33. KKR Real Estate Finance Trust has a 1-year low of $8.71 and a 1-year high of $14.12.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Monday, July 22nd. The company reported ($1.57) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($1.87). KKR Real Estate Finance Trust had a return on equity of 9.88% and a net margin of 5.88%. The business had revenue of $47.60 million during the quarter, compared to analyst estimates of $45.47 million. During the same quarter last year, the firm earned $0.48 EPS. KKR Real Estate Finance Trust’s revenue for the quarter was down 6.7% compared to the same quarter last year. Analysts expect that KKR Real Estate Finance Trust will post 1.35 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on KREF shares. BTIG Research reiterated a “buy” rating and issued a $11.50 price objective on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. JPMorgan Chase & Co. dropped their price objective on shares of KKR Real Estate Finance Trust from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Wells Fargo & Company boosted their target price on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Raymond James boosted their target price on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Finally, Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $11.50 to $13.00 in a research report on Thursday, September 5th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, KKR Real Estate Finance Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.14.

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.