KKR Real Estate Finance Trust (KREF) Set to Announce Quarterly Earnings on Monday

KKR Real Estate Finance Trust (NYSE:KREF) is scheduled to be posting its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect KKR Real Estate Finance Trust to post earnings of $0.28 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Monday, July 22nd. The company reported ($1.57) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($1.87). The business had revenue of $47.60 million during the quarter, compared to analysts’ expectations of $45.47 million. KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. KKR Real Estate Finance Trust’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 EPS. On average, analysts expect KKR Real Estate Finance Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

KKR Real Estate Finance Trust Stock Up 0.3 %

KREF opened at $12.04 on Friday. The business has a 50 day simple moving average of $11.89 and a 200-day simple moving average of $10.51. KKR Real Estate Finance Trust has a 12 month low of $8.71 and a 12 month high of $14.12. The stock has a market capitalization of $834.54 million, a P/E ratio of -26.17 and a beta of 0.99. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 8.31%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -217.39%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and upped their price target for the company from $11.50 to $13.00 in a report on Thursday, September 5th. JPMorgan Chase & Co. raised their price target on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday. BTIG Research restated a “buy” rating and issued a $11.50 price objective on shares of KKR Real Estate Finance Trust in a research report on Friday, July 19th. Wells Fargo & Company boosted their target price on shares of 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. Finally, Raymond James raised their price target 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $12.50.

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.