KKR Real Estate Finance Trust Inc. (NYSE:KREF) Expected to Announce Quarterly Sales of $43.59 Million

Equities analysts expect KKR Real Estate Finance Trust Inc. (NYSE:KREFGet Rating) to report sales of $43.59 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for KKR Real Estate Finance Trust’s earnings. The highest sales estimate is $43.60 million and the lowest is $43.58 million. KKR Real Estate Finance Trust posted sales of $40.19 million in the same quarter last year, which suggests a positive year over year growth rate of 8.5%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that KKR Real Estate Finance Trust will report full-year sales of $180.81 million for the current fiscal year, with estimates ranging from $172.70 million to $188.91 million. For the next year, analysts expect that the firm will post sales of $215.58 million, with estimates ranging from $185.30 million to $245.85 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow KKR Real Estate Finance Trust.

KKR Real Estate Finance Trust (NYSE:KREFGet Rating) last issued its quarterly earnings results on Monday, April 25th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate 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 prior year, the business posted $0.55 EPS.

Several brokerages have weighed in on KREF. Zacks Investment Research downgraded KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a report on Monday, February 7th. JMP Securities dropped their price objective on KKR Real Estate Finance Trust from $23.50 to $23.00 and set a “market outperform” rating on the stock in a report on Monday, March 21st. Finally, Raymond James increased their price objective on KKR Real Estate Finance Trust from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, February 10th.

Shares of NYSE KREF opened at $19.19 on Friday. The stock’s 50-day moving average is $20.01 and its two-hundred day moving average is $20.79. The company has a debt-to-equity ratio of 3.30, a current ratio of 409.61 and a quick ratio of 409.61. KKR Real Estate Finance Trust has a 1-year low of $18.52 and a 1-year high of $23.42. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 8.97 and a beta of 0.66.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were issued a $0.43 dividend. The ex-dividend date was Wednesday, March 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.96%. KKR Real Estate Finance Trust’s payout ratio is currently 80.37%.

Large investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC lifted its position in KKR Real Estate Finance Trust by 1.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 27,991 shares of the company’s stock worth $583,000 after acquiring an additional 507 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in shares of KKR Real Estate Finance Trust by 19.6% in the 4th quarter. Catalyst Capital Advisors LLC now owns 3,300 shares of the company’s stock valued at $69,000 after buying an additional 540 shares during the period. Signaturefd LLC lifted its holdings in shares of KKR Real Estate Finance Trust by 40.2% in the 1st quarter. Signaturefd LLC now owns 1,889 shares of the company’s stock valued at $39,000 after buying an additional 542 shares during the period. LPL Financial LLC lifted its holdings in shares of KKR Real Estate Finance Trust by 3.6% in the 3rd quarter. LPL Financial LLC now owns 19,365 shares of the company’s stock valued at $409,000 after buying an additional 665 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of KKR Real Estate Finance Trust by 12.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 6,066 shares of the company’s stock valued at $126,000 after buying an additional 683 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

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.

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