KKR Real Estate Finance Trust (NYSE:KREF) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS

KKR Real Estate Finance Trust (NYSE:KREF) issued its quarterly earnings results on Thursday. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05), Morningstar.com reports. KKR Real Estate Finance Trust had a return on equity of 7.84% and a net margin of 35.11%. The company had revenue of $25.86 million for the quarter, compared to analyst estimates of $27.50 million.

Shares of NYSE:KREF traded down $0.16 on Friday, reaching $19.87. 353,276 shares of the company’s stock were exchanged, compared to its average volume of 209,707. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 2.31 and a beta of 0.18. KKR Real Estate Finance Trust has a fifty-two week low of $18.54 and a fifty-two week high of $21.41. The business has a 50-day simple moving average of $20.13. The company has a debt-to-equity ratio of 2.48, a current ratio of 394.01 and a quick ratio of 394.01.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.66%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is 89.58%.

Several hedge funds have recently added to or reduced their stakes in KREF. Swiss National Bank raised its holdings in shares of KKR Real Estate Finance Trust by 32.6% in the second quarter. Swiss National Bank now owns 49,600 shares of the company’s stock valued at $988,000 after buying an additional 12,200 shares during the last quarter. Aperio Group LLC acquired a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at approximately $46,000. Quantitative Systematic Strategies LLC acquired a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at approximately $210,000. Strs Ohio grew its position in shares of KKR Real Estate Finance Trust by 15.5% in the 2nd quarter. Strs Ohio now owns 6,700 shares of the company’s stock valued at $133,000 after purchasing an additional 900 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of KKR Real Estate Finance Trust by 64.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,591 shares of the company’s stock valued at $111,000 after purchasing an additional 2,181 shares during the period. 78.15% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. TheStreet raised shares of KKR Real Estate Finance Trust from a “d” rating to a “c” rating in a report on Wednesday, May 8th. Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $21.60.

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.

Further Reading: Cost of Goods Sold (COGS)

Earnings History for KKR Real Estate Finance Trust (NYSE:KREF)

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