KKR Real Estate Finance Trust Inc. Plans Quarterly Dividend of $0.25 (NYSE:KREF)

KKR Real Estate Finance Trust Inc. (NYSE:KREF - Get Free Report) announced a quarterly dividend on Friday, March 14th, RTT News reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.25 per share on Tuesday, April 15th. This represents a $1.00 annualized dividend and a dividend yield of 8.98%. The ex-dividend date of this dividend is Monday, March 31st.

KKR Real Estate Finance Trust has decreased its dividend payment by an average of 12.5% annually over the last three years. KKR Real Estate Finance Trust has a dividend payout ratio of 72.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect KKR Real Estate Finance Trust to earn $1.08 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 92.6%.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE KREF traded up $0.03 on Tuesday, hitting $11.14. The company's stock had a trading volume of 359,949 shares, compared to its average volume of 460,729. The company has a debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 296.16. The company has a market capitalization of $765.47 million, a price-to-earnings ratio of 61.89 and a beta of 0.99. The stock has a 50 day moving average of $10.71 and a 200-day moving average of $11.29. KKR Real Estate Finance Trust has a 12-month low of $8.71 and a 12-month high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported $0.28 earnings per share (EPS) 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%. As a group, research analysts predict that KKR Real Estate Finance Trust will post 1.05 EPS for the current year.

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Analyst Upgrades and Downgrades

KREF has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased 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 research report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their target price on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an "outperform" rating on the stock in a research report on Tuesday, January 14th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $12.46.

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.