KKR Real Estate Finance Trust (KREF) Scheduled to Post Quarterly Earnings on Monday

KKR Real Estate Finance Trust (NYSE:KREF) is scheduled to release its earnings data after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Monday, July 22nd. The company reported ($1.57) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($1.87). KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. The business had revenue of $47.60 million during the quarter, compared to analyst estimates of $45.47 million. During the same period in the previous year, the company posted $0.48 earnings per share. KKR Real Estate Finance Trust’s revenue was down 6.7% compared to the same quarter last year. On average, analysts expect KKR Real Estate Finance Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

KKR Real Estate Finance Trust Stock Up 0.3 %

NYSE KREF opened at $12.04 on Friday. KKR Real Estate Finance Trust has a 12 month low of $8.71 and a 12 month high of $14.12. The company has a market capitalization of $834.54 million, a P/E ratio of -26.17 and a beta of 0.99. The company’s 50 day simple moving average is $11.89 and its 200 day simple moving average is $10.51. The company has a debt-to-equity ratio of 3.86, a current ratio of 392.62 and a quick ratio of 392.62.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 8.31%. KKR Real Estate Finance Trust’s dividend payout ratio is currently -217.39%.

Wall Street Analysts Forecast Growth

KREF has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday. BTIG Research reissued a “buy” rating and issued a $11.50 price target on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. Raymond James upped their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Wells Fargo & Company lifted their target price on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Finally, Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and upped their price target for the company from $11.50 to $13.00 in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average 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.