KKR Real Estate Finance Trust Inc. (KREF) to Issue Quarterly Dividend of $0.25 on April 15th

KKR Real Estate Finance Trust Inc. (NYSE:KREF) announced a quarterly dividend on Friday, March 14th, RTT News reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.25 per share on Tuesday, April 15th. This represents a $1.00 dividend on an annualized basis and a yield of 9.01%. The ex-dividend date is Monday, March 31st.

KKR Real Estate Finance Trust has decreased its dividend payment by an average of 12.5% per year over the last three years. KKR Real Estate Finance Trust has a dividend payout ratio of 72.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 2.7 %

Shares of NYSE:KREF opened at $11.09 on Friday. The stock’s 50-day moving average price is $10.69 and its two-hundred day moving average price is $11.30. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50. KKR Real Estate Finance Trust has a 12-month low of $8.71 and a 12-month high of $12.95. The firm has a market cap of $762.31 million, a price-to-earnings ratio of 61.63 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.28 earnings per share for the quarter, beating 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%. On average, research analysts forecast that KKR Real Estate Finance Trust will post 1.05 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KREF shares. JPMorgan Chase & Co. reduced their price objective on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods dropped 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, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $12.46.

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.