KKR Real Estate Finance Trust Inc (NYSE:KREF) declared a quarterly dividend on Monday, May 7th, Zacks reports. Investors of record on Friday, June 29th will be given a dividend of 0.43 per share on Friday, July 13th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date of this dividend is Thursday, June 28th. This is an increase from KKR Real Estate Finance Trust’s previous quarterly dividend of $0.40.
Shares of KKR Real Estate Finance Trust traded down $0.01, reaching $19.78, during trading hours on Friday, according to Marketbeat. 45,860 shares of the stock traded hands, compared to its average volume of 81,056. The company has a debt-to-equity ratio of 1.22, a current ratio of 1,447.29 and a quick ratio of 1,447.29. KKR Real Estate Finance Trust has a 52 week low of $18.09 and a 52 week high of $22.15. The firm has a market capitalization of $1.05 billion and a P/E ratio of 15.83.
KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Wednesday, May 9th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. KKR Real Estate Finance Trust had a net margin of 70.71% and a return on equity of 6.18%. The company had revenue of $31.69 million for the quarter, compared to analyst estimates of $33.40 million. equities research analysts expect that KKR Real Estate Finance Trust will post 1.67 earnings per share for the current year.
In related news, CEO Christen E.J. Lee acquired 2,000 shares of the stock in a transaction on Thursday, May 17th. The shares were acquired at an average price of $20.17 per share, with a total value of $40,340.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.91% of the company’s stock.
Several analysts have commented on the stock. Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 3rd. Raymond James assumed coverage on shares of KKR Real Estate Finance Trust in a research report on Tuesday, March 27th. They issued an “outperform” rating and a $21.50 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. KKR Real Estate Finance Trust presently has a consensus rating of “Hold” and an average price target of $22.38.
KKR Real Estate Finance Trust Company Profile
KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.
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