KKR Real Estate Finance Trust (KREF) Projected to Post Quarterly Earnings on Wednesday

KKR Real Estate Finance Trust (NYSE:KREF) is expected to be releasing its earnings data after the market closes on Wednesday, April 23rd. Analysts expect KKR Real Estate Finance Trust to post earnings of $0.30 per share and revenue of $34.77 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Monday, February 3rd. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.20. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. 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 0.6 %

Shares of KREF opened at $9.05 on Wednesday. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16. KKR Real Estate Finance Trust has a 52 week low of $8.28 and a 52 week high of $12.95. The stock has a market capitalization of $621.66 million, a price-to-earnings ratio of 50.26 and a beta of 0.88. The stock has a fifty day moving average of $10.62 and a 200-day moving average of $10.96.

KKR Real Estate Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 11.05%. KKR Real Estate Finance Trust’s payout ratio is presently 555.56%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating and set a $10.75 price target on the stock. in a report on Monday, April 7th. JPMorgan Chase & Co. reduced their target price on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.21.

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.