KKR Real Estate Finance Trust Inc. (NYSE:KREF) Announces $0.25 Quarterly Dividend

KKR Real Estate Finance Trust Inc. (NYSE:KREF) declared a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.25 per share on Wednesday, January 15th. This represents a $1.00 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend is Tuesday, December 31st.

KKR Real Estate Finance Trust has a payout ratio of 95.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect KKR Real Estate Finance Trust to earn $1.19 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 84.0%.

KKR Real Estate Finance Trust Stock Up 0.3 %

Shares of KREF traded up $0.03 during mid-day trading on Friday, hitting $11.50. The company’s stock had a trading volume of 250,044 shares, compared to its average volume of 515,590. The company has a current ratio of 277.63, a quick ratio of 277.63 and a debt-to-equity ratio of 3.75. The company’s 50-day moving average is $11.65 and its 200-day moving average is $11.05. KKR Real Estate Finance Trust has a 52-week low of $8.71 and a 52-week high of $14.12. The firm has a market capitalization of $799.71 million, a price-to-earnings ratio of -38.32 and a beta of 0.98.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Monday, October 21st. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $140.15 million during the quarter, compared to analyst estimates of $39.52 million. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. During the same quarter in the prior year, the business earned $0.47 earnings per share. On average, equities research analysts forecast that KKR Real Estate Finance Trust will post 1.4 EPS for the current fiscal year.

Analyst Ratings Changes

KREF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $11.50 to $13.00 in a report on Thursday, September 5th. JMP Securities raised their target price on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. reduced their price target on KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating on the stock in a research report on Monday. Wells Fargo & Company raised their price objective on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Finally, Raymond James dropped their target price on 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, October 23rd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KKR Real Estate Finance Trust currently has an average rating of “Buy” and a consensus price target of $12.75.

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.