KKR Real Estate Finance Trust Inc (NYSE:KREF) declared a quarterly dividend on Monday, May 7th, Zacks reports. Investors of record on Friday, June 29th will be paid a dividend of 0.43 per share on Friday, July 13th. This represents a $1.72 annualized dividend and a yield of 8.37%. The ex-dividend date of this dividend is Thursday, June 28th. This is a positive change from KKR Real Estate Finance Trust’s previous quarterly dividend of $0.40.
KKR Real Estate Finance Trust stock traded up $0.08 during mid-day trading on Friday, hitting $20.55. The company’s stock had a trading volume of 186,586 shares, compared to its average volume of 80,143. The firm has a market capitalization of $1.09 billion and a price-to-earnings ratio of 16.84. KKR Real Estate Finance Trust has a 1 year low of $18.09 and a 1 year high of $22.30. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1,447.29 and a current ratio of 1,447.29.
KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Wednesday, May 9th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $31.69 million during the quarter, compared to analyst estimates of $33.40 million. KKR Real Estate Finance Trust had a return on equity of 6.18% and a net margin of 70.71%. analysts forecast that KKR Real Estate Finance Trust will post 1.67 EPS for the current year.
Several brokerages recently weighed in on KREF. Zacks Investment Research upgraded KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 3rd. ValuEngine lowered KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Raymond James began coverage on KKR Real Estate Finance Trust in a research report on Tuesday, March 27th. They issued an “outperform” rating and a $21.50 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. KKR Real Estate Finance Trust currently has an average rating of “Hold” and an average price target of $22.38.
In other news, CEO Christen E.J. Lee purchased 2,000 shares of the stock in a transaction dated Thursday, May 17th. The stock was acquired at an average cost of $20.17 per share, for a total transaction of $40,340.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
About KKR Real Estate Finance Trust
KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.
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