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

KKR Real Estate Finance Trust (NYSE:KREFGet Rating) will post its quarterly earnings results after the market closes on Monday, April 25th. Analysts expect KKR Real Estate Finance Trust to post earnings of $0.44 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

KKR Real Estate Finance Trust (NYSE:KREFGet Rating) last posted its quarterly earnings results on Monday, February 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.16. KKR Real Estate Finance Trust had a net margin of 54.19% and a return on equity of 8.53%. During the same quarter last year, the business posted $0.48 EPS. On average, analysts expect KKR Real Estate Finance Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE KREF opened at $21.01 on Monday. The company has a current ratio of 465.17, a quick ratio of 465.17 and a debt-to-equity ratio of 3.89. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 9.55 and a beta of 0.65. The firm’s 50 day simple moving average is $20.68 and its 200 day simple moving average is $21.18. KKR Real Estate Finance Trust has a 1 year low of $19.25 and a 1 year high of $23.42.

The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $1.72 annualized dividend and a dividend yield of 8.19%. KKR Real Estate Finance Trust’s dividend payout ratio is 78.18%.

Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research report on Monday, February 7th. JMP Securities reduced their price target on shares of KKR Real Estate Finance Trust from $23.50 to $23.00 and set a “market outperform” rating on the stock in a research report on Monday, March 21st. Finally, Raymond James increased their price target on shares of KKR Real Estate Finance Trust from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, February 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, KKR Real Estate Finance Trust has an average rating of “Buy” and an average price target of $22.70.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in KKR Real Estate Finance Trust by 10.8% in the 4th quarter. BlackRock Inc. now owns 7,263,394 shares of the company’s stock valued at $151,296,000 after purchasing an additional 705,190 shares during the last quarter. Comerica Bank raised its stake in shares of KKR Real Estate Finance Trust by 3.6% during the fourth quarter. Comerica Bank now owns 37,881 shares of the company’s stock valued at $811,000 after acquiring an additional 1,303 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of KKR Real Estate Finance Trust by 4.2% during the fourth quarter. California State Teachers Retirement System now owns 45,100 shares of the company’s stock valued at $939,000 after acquiring an additional 1,809 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of KKR Real Estate Finance Trust by 12.3% during the fourth quarter. Parametric Portfolio Associates LLC now owns 128,977 shares of the company’s stock valued at $2,687,000 after acquiring an additional 14,154 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its stake in shares of KKR Real Estate Finance Trust by 12.2% during the fourth quarter. State of Tennessee Treasury Department now owns 17,269 shares of the company’s stock valued at $360,000 after acquiring an additional 1,871 shares during the last quarter. 76.88% of the stock is owned by institutional investors and hedge funds.

About KKR Real Estate Finance Trust (Get Rating)

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring 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 mortgage loans, and commercial mortgage-backed securities.

Further Reading

Earnings History for KKR Real Estate Finance Trust (NYSE:KREF)

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