KKR Real Estate Finance Trust (NYSE:KREF) Releases Earnings Results, Beats Expectations By $0.20 EPS

KKR Real Estate Finance Trust (NYSE:KREF) released its earnings results on Monday. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.20, Zacks reports. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%.

KKR Real Estate Finance Trust Price Performance

KREF traded up $0.10 during trading on Monday, hitting $10.08. 560,443 shares of the stock traded hands, compared to its average volume of 438,592. KKR Real Estate Finance Trust has a twelve month low of $8.71 and a twelve month high of $12.95. The company has a market cap of $700.92 million, a price-to-earnings ratio of -33.58 and a beta of 1.00. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63. The business has a 50 day moving average price of $10.67 and a 200 day moving average price of $11.31.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 9.93%. KKR Real Estate Finance Trust’s dividend payout ratio is currently -333.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JMP Securities lifted their price target on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Raymond James reduced their price objective on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price objective on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods cut their price target on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $12.46.

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.