Analysts Anticipate KKR Real Estate Finance Trust Inc. (NYSE:KREF) to Post $0.41 EPS

Analysts expect KKR Real Estate Finance Trust Inc. (NYSE:KREFGet Rating) to report $0.41 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for KKR Real Estate Finance Trust’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.44. KKR Real Estate Finance Trust posted earnings per share of $0.54 in the same quarter last year, which would indicate a negative year-over-year growth rate of 24.1%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that KKR Real Estate Finance Trust will report full-year earnings of $1.74 per share for the current fiscal year, with EPS estimates ranging from $1.68 to $1.80. For the next financial year, analysts anticipate that the company will report earnings of $1.88 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover KKR Real Estate Finance Trust.

KKR Real Estate Finance Trust (NYSE:KREFGet Rating) last posted its quarterly earnings data on Monday, April 25th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. KKR Real Estate Finance Trust had a return on equity of 7.90% and a net margin of 54.74%. During the same quarter in the previous year, the business posted $0.55 earnings per share.

Several equities research analysts have recently issued reports on the company. Raymond James raised their price objective on KKR Real Estate Finance Trust from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, February 10th. Zacks Investment Research cut KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research note on Monday, February 7th. Finally, JMP Securities lowered their price objective on KKR Real Estate Finance Trust from $23.50 to $23.00 and set a “market outperform” rating for the company in a report on Monday, March 21st.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in KKR Real Estate Finance Trust by 19.4% in the third quarter. BlackRock Inc. now owns 6,558,204 shares of the company’s stock valued at $138,379,000 after acquiring an additional 1,063,809 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of KKR Real Estate Finance Trust by 305.4% during the first quarter. Stephens Inc. AR now owns 940,784 shares of the company’s stock worth $19,390,000 after acquiring an additional 708,729 shares during the period. Vanguard Group Inc. increased its stake in KKR Real Estate Finance Trust by 15.5% in the 1st quarter. Vanguard Group Inc. now owns 4,422,793 shares of the company’s stock valued at $91,154,000 after buying an additional 592,973 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in KKR Real Estate Finance Trust by 43.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,729,030 shares of the company’s stock valued at $35,635,000 after buying an additional 519,584 shares during the last quarter. Finally, Element Capital Management LLC acquired a new stake in KKR Real Estate Finance Trust in the 3rd quarter valued at $4,909,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NYSE KREF traded down $0.22 during mid-day trading on Friday, hitting $19.06. The stock had a trading volume of 3,900 shares, compared to its average volume of 466,728. The company has a quick ratio of 409.61, a current ratio of 409.61 and a debt-to-equity ratio of 3.30. The company has a 50 day simple moving average of $20.02 and a 200 day simple moving average of $20.82. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 8.91 and a beta of 0.66. KKR Real Estate Finance Trust has a 52-week low of $18.52 and a 52-week high of $23.42.

The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 9.02%. The ex-dividend date was Wednesday, March 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is 80.37%.

KKR Real Estate Finance Trust Company Profile (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.

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