KKR Real Estate Finance Trust (NYSE:KREF) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

KKR Real Estate Finance Trust (NYSE:KREF) released its quarterly earnings results on Monday. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03, Briefing.com reports. KKR Real Estate Finance Trust had a return on equity of 9.88% and a net margin of 5.88%. During the same period in the prior year, the firm posted $0.47 earnings per share.

KKR Real Estate Finance Trust Stock Down 3.1 %

Shares of KREF opened at $11.67 on Tuesday. The firm has a 50 day simple moving average of $11.92 and a two-hundred day simple moving average of $10.54. The company has a debt-to-equity ratio of 3.86, a current ratio of 392.62 and a quick ratio of 392.62. KKR Real Estate Finance Trust has a one year low of $8.71 and a one year high of $14.12. The company has a market cap of $808.89 million, a P/E ratio of -25.37 and a beta of 0.99.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 8.57%. KKR Real Estate Finance Trust’s dividend payout ratio is -217.39%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KREF shares. BTIG Research reissued a “buy” rating and set a $11.50 target price on shares of KKR Real Estate Finance Trust in a report on Friday, July 19th. Raymond James lifted their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $11.50 to $13.00 in a research report on Thursday, September 5th. JPMorgan Chase & Co. lifted their price target on shares of KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company boosted their price target on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, KKR Real Estate Finance Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.50.

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.