KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) released its earnings results on Monday. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.20, Zacks reports. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%.
KKR Real Estate Finance Trust Stock Down 2.1 %
KREF traded down $0.24 during trading on Friday, hitting $11.12. The company had a trading volume of 303,957 shares, compared to its average volume of 473,290. The firm's 50-day moving average price is $10.61 and its 200 day moving average price is $11.32. The company has a market capitalization of $773.62 million, a PE ratio of -37.07 and a beta of 1.00. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75. KKR Real Estate Finance Trust has a one year low of $8.71 and a one year high of $12.95.
KKR Real Estate Finance Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.99%. KKR Real Estate Finance Trust's payout ratio is -333.32%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on KREF. Raymond James cut their price target on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods cut 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 report on Tuesday, January 14th. JMP Securities boosted 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, JPMorgan Chase & Co. dropped their price objective on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $12.46.
View Our Latest Analysis on KREF
KKR Real Estate Finance Trust Company Profile
(
Get Free Report)
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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