KKR Real Estate Finance Trust (NYSE:KREF) will be announcing its earnings results after the market closes on Monday, November 5th. Analysts expect the company to announce earnings of $0.34 per share for the quarter.
KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Monday, August 6th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.20. The business had revenue of $40.00 million for the quarter, compared to analyst estimates of $38.00 million. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 65.77%. On average, analysts expect KKR Real Estate Finance Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE KREF opened at $19.95 on Friday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 2.24 and a beta of -0.05. The company has a debt-to-equity ratio of 1.68, a quick ratio of 558.64 and a current ratio of 558.64. KKR Real Estate Finance Trust has a twelve month low of $18.09 and a twelve month high of $21.41.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were paid a $0.43 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.72 dividend on an annualized basis and a yield of 8.62%. KKR Real Estate Finance Trust’s dividend payout ratio is currently 140.98%.
A number of equities analysts have weighed in on KREF shares. Zacks Investment Research upgraded KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, October 10th. Wells Fargo & Co upgraded KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $20.00 to $22.00 in a research note on Wednesday, August 22nd. JPMorgan Chase & Co. decreased their target price on KKR Real Estate Finance Trust from $19.00 to $18.50 and set a “$20.65” rating on the stock in a research note on Monday, July 23rd. Finally, JMP Securities started coverage on KKR Real Estate Finance Trust in a research note on Wednesday, October 17th. They issued an “outperform” rating and a $21.50 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. KKR Real Estate Finance Trust currently has an average rating of “Buy” and a consensus target price of $21.50.
An institutional investor recently raised its position in KKR Real Estate Finance Trust stock. Bank of New York Mellon Corp lifted its position in KKR Real Estate Finance Trust Inc (NYSE:KREF) by 19.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,927 shares of the company’s stock after purchasing an additional 10,621 shares during the quarter. Bank of New York Mellon Corp owned 0.12% of KKR Real Estate Finance Trust worth $1,304,000 at the end of the most recent quarter. Institutional investors and hedge funds own 72.24% of the company’s stock.
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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