Brokerages expect KKR Real Estate Finance Trust Inc (NYSE:KREF) to post $33.71 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for KKR Real Estate Finance Trust’s earnings. The highest sales estimate is $36.42 million and the lowest is $31.00 million. KKR Real Estate Finance Trust posted sales of $25.86 million in the same quarter last year, which suggests a positive year over year growth rate of 30.4%. The firm is scheduled to report its next earnings results on Thursday, August 6th.
According to Zacks, analysts expect that KKR Real Estate Finance Trust will report full year sales of $123.00 million for the current year. For the next year, analysts anticipate that the business will report sales of $141.12 million, with estimates ranging from $125.90 million to $156.33 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover KKR Real Estate Finance Trust.
KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The firm had revenue of $32.00 million during the quarter, compared to analysts’ expectations of $30.76 million. KKR Real Estate Finance Trust had a net margin of 16.08% and a return on equity of 8.83%.
A number of brokerages recently issued reports on KREF. ValuEngine cut shares of KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. decreased their price objective on shares of 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. Citigroup upgraded shares of KKR Real Estate Finance Trust from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a report on Wednesday, March 25th. Raymond James upped their price target on shares of 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. Finally, Zacks Investment Research cut shares of KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $17.70.
In other KKR Real Estate Finance Trust news, Director Christen E.J. Lee acquired 7,920 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $15.27 per share, with a total value of $120,938.40. Following the completion of the transaction, the director now directly owns 225,651 shares in the company, valued at approximately $3,445,690.77. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.92% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. US Bancorp DE lifted its position in shares of 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 purchasing an additional 1,456 shares in the last quarter. Altshuler Shaham Ltd raised its position in KKR Real Estate Finance Trust by 55.7% during 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 in the last quarter. Ladenburg Thalmann Financial Services Inc. bought a new stake in KKR Real Estate Finance Trust during the fourth quarter worth $51,000. Advisor Group Holdings Inc. bought a new stake in KKR Real Estate Finance Trust during the first quarter worth $43,000. Finally, PNC Financial Services Group Inc. raised its position in KKR Real Estate Finance Trust by 1,396.3% during 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 in the last quarter. 87.87% of the stock is currently owned by institutional investors and hedge funds.
NYSE KREF traded down $0.67 during trading on Friday, reaching $16.60. 537,200 shares of the stock traded hands, compared to its average volume of 607,733. The firm has a market cap of $958.11 million, a price-to-earnings ratio of 31.32 and a beta of 0.62. The stock’s 50-day moving average price is $16.41 and its 200 day moving average price is $17.82. The company has a quick ratio of 329.54, a current ratio of 329.54 and a debt-to-equity ratio of 4.19. KKR Real Estate Finance Trust has a fifty-two week low of $6.84 and a fifty-two week high of $22.03.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 10.36%. The ex-dividend date is Monday, June 29th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently 102.99%.
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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