KKR Real Estate Finance Trust (NYSE:KREF) Announces Quarterly Earnings Results

KKR Real Estate Finance Trust (NYSE:KREF) issued its quarterly earnings data on Tuesday. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02, Briefing.com reports. KKR Real Estate Finance Trust had a negative net margin of 4.82% and a positive return on equity of 10.59%. The company had revenue of $151.62 million for the quarter, compared to the consensus estimate of $43.16 million. During the same period last year, the firm posted $0.48 EPS.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE KREF traded down $0.25 during midday trading on Wednesday, hitting $9.77. The company had a trading volume of 477,067 shares, compared to its average volume of 588,882. The company has a quick ratio of 361.75, a current ratio of 361.76 and a debt-to-equity ratio of 4.32. KKR Real Estate Finance Trust has a twelve month low of $9.09 and a twelve month high of $14.12. The business has a 50-day simple moving average of $9.77 and a two-hundred day simple moving average of $11.31. The firm has a market capitalization of $677.16 million, a price-to-earnings ratio of -12.53 and a beta of 0.96.

KKR Real Estate Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.24%. The ex-dividend date of this dividend was Wednesday, March 27th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -128.21%.

Insider Activity at KKR Real Estate Finance Trust

In related news, COO W Patrick Mattson acquired 10,000 shares of KKR Real Estate Finance Trust stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average price of $9.72 per share, for a total transaction of $97,200.00. Following the completion of the purchase, the chief operating officer now directly owns 308,446 shares of the company’s stock, valued at $2,998,095.12. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other KKR Real Estate Finance Trust news, CEO Matthew A. Salem bought 26,000 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was bought at an average price of $9.72 per share, for a total transaction of $252,720.00. Following the completion of the transaction, the chief executive officer now owns 460,309 shares in the company, valued at approximately $4,474,203.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO W Patrick Mattson bought 10,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of $9.72 per share, with a total value of $97,200.00. Following the transaction, the chief operating officer now owns 308,446 shares of the company’s stock, valued at approximately $2,998,095.12. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

KREF has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. JPMorgan Chase & Co. lowered their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. Finally, JMP Securities lowered their target price on shares of KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating on the stock in a report on Wednesday, February 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

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.