KKR Real Estate Finance Trust Inc (NYSE:KREF) Expected to Post Earnings of $0.42 Per Share

Analysts forecast that KKR Real Estate Finance Trust Inc (NYSE:KREF) will report earnings of $0.42 per share for the current quarter, according to Zacks. Two analysts have issued estimates for KKR Real Estate Finance Trust’s earnings, with estimates ranging from $0.41 to $0.43. KKR Real Estate Finance Trust reported earnings of $0.36 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 16.7%. The company is expected to announce its next earnings results on Thursday, August 6th.

According to Zacks, analysts expect that KKR Real Estate Finance Trust will report full year earnings of $1.71 per share for the current financial year, with EPS estimates ranging from $1.66 to $1.76. For the next fiscal year, analysts expect that the business will post earnings of $1.70 per share, with EPS estimates ranging from $1.69 to $1.70. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for KKR Real Estate Finance Trust.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. KKR Real Estate Finance Trust had a return on equity of 8.83% and a net margin of 16.08%. The firm had revenue of $32.00 million for the quarter, compared to the consensus estimate of $30.76 million.

A number of research firms recently weighed in on KREF. Zacks Investment Research cut KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. ValuEngine cut KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a report on Wednesday, April 22nd. Raymond James increased their target price on KKR Real Estate Finance Trust from $19.00 to $19.50 and gave the company an “outperform” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. reduced their target price on KKR Real Estate Finance Trust from $20.50 to $16.50 and set a “neutral” rating for the company in a report on Tuesday, April 28th. Finally, Citigroup raised KKR Real Estate Finance Trust from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. KKR Real Estate Finance Trust currently has a consensus rating of “Hold” and a consensus price target of $17.70.

Shares of KREF traded down $0.67 during mid-day trading on Thursday, reaching $16.60. The company had a trading volume of 537,200 shares, compared to its average volume of 607,733. The stock has a market capitalization of $958.11 million, a P/E ratio of 31.32 and a beta of 0.62. KKR Real Estate Finance Trust has a 52-week low of $6.84 and a 52-week high of $22.03. The company has a quick ratio of 329.54, a current ratio of 329.54 and a debt-to-equity ratio of 4.19. The stock has a 50 day moving average of $16.41 and a two-hundred day moving average of $17.82.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.43 dividend. The ex-dividend date is Monday, June 29th. This represents a $1.72 annualized dividend and a dividend yield of 10.36%. KKR Real Estate Finance Trust’s dividend payout ratio is presently 102.99%.

In related news, Director Christen E.J. Lee purchased 7,920 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average price of $15.27 per share, with a total value of $120,938.40. Following the completion of the acquisition, the director now owns 225,651 shares in the company, valued at $3,445,690.77. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.92% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of KREF. US Bancorp DE grew its position in KKR Real Estate Finance Trust by 392.5% in the fourth quarter. US Bancorp DE now owns 1,827 shares of the company’s stock worth $37,000 after acquiring an additional 1,456 shares during the period. Altshuler Shaham Ltd grew its position in KKR Real Estate Finance Trust by 55.7% in the first quarter. Altshuler Shaham Ltd now owns 2,008 shares of the company’s stock worth $31,000 after acquiring an additional 718 shares during the period. Ladenburg Thalmann Financial Services Inc. purchased a new position in KKR Real Estate Finance Trust in the fourth quarter worth approximately $51,000. Advisor Group Holdings Inc. purchased a new position in KKR Real Estate Finance Trust in the first quarter worth approximately $43,000. Finally, PNC Financial Services Group Inc. grew its position in KKR Real Estate Finance Trust by 1,396.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,217 shares of the company’s stock worth $48,000 after acquiring an additional 3,002 shares during the period. 87.87% of the stock is owned by hedge funds and other institutional investors.

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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