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

KKR Real Estate Finance Trust Inc. (NYSE:KREF - Get Free Report) announced a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.25 per share on Wednesday, January 15th. This represents a $1.00 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date of this dividend is Tuesday, December 31st.

KKR Real Estate Finance Trust has a payout ratio of 95.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Analysts expect KKR Real Estate Finance Trust to earn $1.19 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 84.0%.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE:KREF traded up $0.03 on Friday, reaching $11.50. 250,044 shares of the company were exchanged, compared to its average volume of 515,590. The company has a 50-day moving average of $11.65 and a 200-day moving average of $11.05. The company has a current ratio of 277.63, a quick ratio of 277.63 and a debt-to-equity ratio of 3.75. The firm has a market cap of $799.71 million, a price-to-earnings ratio of -38.32 and a beta of 0.98. KKR Real Estate Finance Trust has a 1-year low of $8.71 and a 1-year high of $14.12.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its earnings results on Monday, October 21st. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.03. The company had revenue of $140.15 million during the quarter, compared to analysts' expectations of $39.52 million. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. During the same period last year, the company posted $0.47 earnings per share. Equities analysts forecast that KKR Real Estate Finance Trust will post 1.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Raymond James lowered their target price on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price objective on shares of KKR Real Estate Finance Trust from $12.00 to $11.50 and set an "overweight" rating on the stock in a research note on Monday. Wells Fargo & Company lifted their target price on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an "overweight" rating in a research report on Friday, September 20th. JMP Securities upped their price target on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a "market outperform" rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $11.50 to $13.00 in a research note on Thursday, September 5th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, KKR Real Estate Finance Trust has a consensus rating of "Buy" and a consensus target price of $12.75.

KKR Real Estate Finance Trust Company Profile

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.

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