KKR Real Estate Finance Trust (NYSE:KREF) Issues Quarterly Earnings Results, Beats Estimates By $0.20 EPS

KKR Real Estate Finance Trust (NYSE:KREF) issued its earnings results on Monday. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.20, Zacks reports. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%.

KKR Real Estate Finance Trust Stock Up 9.6 %

Shares of NYSE KREF opened at $11.02 on Wednesday. KKR Real Estate Finance Trust has a one year low of $8.71 and a one year high of $12.95. The company has a debt-to-equity ratio of 3.75, a quick ratio of 277.63 and a current ratio of 277.63. The business has a 50-day moving average price of $10.63 and a two-hundred day moving average price of $11.32.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.08%. KKR Real Estate Finance Trust’s payout ratio is presently -333.32%.

Analyst Ratings Changes

A number of research analysts have recently commented on KREF shares. JMP Securities raised their price target on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lowered 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. Raymond James lowered 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 report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods lowered their target price on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target 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.