KKR Real Estate Finance Trust (NYSE:KREF) Announces Quarterly Dividend of $0.25

KKR Real Estate Finance Trust (NYSE:KREF) announced a quarterly dividend on Wednesday, December 10th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.25 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Wednesday, December 31st.

KKR Real Estate Finance Trust has decreased its dividend by an average of 0.1%annually over the last three years. KKR Real Estate Finance Trust has a payout ratio of 107.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Performance

NYSE:KREF traded up $0.03 during mid-day trading on Thursday, reaching $8.86. 69,602 shares of the stock were exchanged, compared to its average volume of 662,074. The stock has a market capitalization of $580.18 million, a P/E ratio of -25.30 and a beta of 0.89. KKR Real Estate Finance Trust has a 1 year low of $7.78 and a 1 year high of $11.59. The company has a 50 day simple moving average of $8.44 and a 200-day simple moving average of $8.96. The company has a quick ratio of 423.43, a current ratio of 423.43 and a debt-to-equity ratio of 3.63.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Tuesday, October 21st. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The firm had revenue of $31.41 million during the quarter, compared to analysts’ expectations of $29.90 million. KKR Real Estate Finance Trust had a negative net margin of 0.12% and a negative return on equity of 0.60%. Analysts anticipate that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

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.