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

KKR Real Estate Finance Trust Inc. (NYSE:KREF) announced a quarterly dividend on Friday, March 14th, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.25 per share on Tuesday, April 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.11%.

KKR Real Estate Finance Trust has decreased its dividend payment by an average of 12.5% annually over the last three years. KKR Real Estate Finance Trust has a payout ratio of 72.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KKR Real Estate Finance Trust to earn $1.08 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 92.6%.

KKR Real Estate Finance Trust Price Performance

KREF opened at $10.97 on Friday. The stock has a fifty day moving average of $10.68 and a 200-day moving average of $11.30. The firm has a market capitalization of $753.93 million, a P/E ratio of 60.97 and a beta of 0.99. KKR Real Estate Finance Trust has a 12-month low of $8.71 and a 12-month high of $12.95. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.20. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. Equities analysts forecast that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KREF. JPMorgan Chase & Co. cut their target price on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their price target on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $12.46.

About KKR Real Estate Finance Trust

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.