KKR Real Estate Finance Trust (NYSE:KREF) Announces Quarterly Earnings Results, Beats Estimates By $0.20 EPS

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

KKR Real Estate Finance Trust Trading Up 1.0 %

Shares of NYSE:KREF traded up $0.10 during midday trading on Monday, reaching $10.08. The company’s stock had a trading volume of 560,443 shares, compared to its average volume of 438,635. The firm has a market cap of $700.92 million, a price-to-earnings ratio of -33.58 and a beta of 1.00. 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 has a 1 year low of $8.71 and a 1 year high of $12.95. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75.

KKR Real Estate Finance Trust Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently issued reports on KREF. JMP Securities upped their price objective on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lowered their target price on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Raymond James dropped their target price on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, KKR Real Estate Finance Trust has an average rating of “Buy” and an average price target of $12.46.

About KKR Real Estate Finance Trust

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.