KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Free Report) 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.
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.
View Our Latest Stock Analysis on KREF
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.
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