KKR Real Estate Finance Trust (NYSE:KREF) Releases Earnings Results, Beats Expectations By $0.03 EPS

KKR Real Estate Finance Trust (NYSE:KREF) posted its quarterly earnings data on Monday. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03, Briefing.com reports. KKR Real Estate Finance Trust had a return on equity of 9.88% and a net margin of 5.88%. The business had revenue of $140.15 million for the quarter, compared to the consensus estimate of $39.52 million. During the same quarter in the prior year, the business earned $0.47 earnings per share.

KKR Real Estate Finance Trust Price Performance

KKR Real Estate Finance Trust stock traded up $0.13 during midday trading on Wednesday, reaching $11.80. 477,719 shares of the stock were exchanged, compared to its average volume of 529,106. KKR Real Estate Finance Trust has a 52 week low of $8.71 and a 52 week high of $14.12. The company has a debt-to-equity ratio of 3.86, a quick ratio of 392.62 and a current ratio of 392.62. The firm has a market cap of $817.91 million, a PE ratio of -25.46 and a beta of 0.99. The company’s fifty day moving average is $11.93 and its 200-day moving average is $10.55.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 8.47%. KKR Real Estate Finance Trust’s dividend payout ratio is currently -217.39%.

Analyst Ratings Changes

A number of research analysts have recently commented on KREF shares. BTIG Research reaffirmed a “buy” rating and set a $11.50 price target on shares of KKR Real Estate Finance Trust in a research report on Friday, July 19th. JPMorgan Chase & Co. upped their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $11.50 to $13.00 in a research note on Thursday, September 5th. Raymond James dropped their price target on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company lifted their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.43.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans.