KKR Real Estate Finance Trust (NYSE:KREF) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03, Briefing.com reports. KKR Real Estate Finance Trust had a return on equity of 9.88% and a net margin of 5.88%. The business had revenue of $140.15 million during the quarter, compared to analyst estimates of $39.52 million. During the same period in the prior year, the company earned $0.47 earnings per share.

KKR Real Estate Finance Trust Price Performance

Shares of KREF remained flat at $11.68 during trading hours on Tuesday. 563,198 shares of the stock were exchanged, compared to its average volume of 529,358. The firm has a 50 day moving average price of $11.92 and a two-hundred day moving average price of $10.54. The company has a debt-to-equity ratio of 3.86, a current ratio of 392.62 and a quick ratio of 392.62. The stock has a market cap of $809.59 million, a P/E ratio of -25.00 and a beta of 0.99. KKR Real Estate Finance Trust has a 52-week low of $8.71 and a 52-week high of $14.12.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.56%. The ex-dividend date was Monday, September 30th. KKR Real Estate Finance Trust's payout ratio is -217.39%.

Analyst Ratings Changes

KREF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised KKR Real Estate Finance Trust from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $11.50 to $13.00 in a report on Thursday, September 5th. JPMorgan Chase & Co. increased their price target on shares of KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Raymond James upped their target price on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Thursday, September 19th. Wells Fargo & Company increased their target price on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an "overweight" rating in a research note on Friday, September 20th. Finally, BTIG Research reaffirmed a "buy" rating and set a $11.50 price target on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, KKR Real Estate Finance Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.50.

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.