Equity research analysts expect KKR Real Estate Finance Trust Inc. (NYSE:KREF) to report earnings of ($0.21) per share for the current fiscal quarter, according to Zacks. Two analysts provided earnings estimates for KKR Real Estate Finance Trust. KKR Real Estate Finance Trust reported earnings of $0.48 per share in the same quarter last year, suggesting a negative 143.8% year-over-year growth rate. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, February 8.
According to Zacks, analysts expect KKR Real Estate Finance Trust to report annual earnings of $1.46 per share for the current year. For the next fiscal year, analysts expect the company to post earnings of $1.80 per share, with EPS estimates ranging from $1.70 to $1.89. Zacks Investment Research earnings per share averages are an average based on a survey of research firms that track KKR Real Estate Finance Trust.
Several brokerages have recently commented on KREF. Raymond James raised his price target on KKR Real Estate Finance Trust shares from $22.00 to $24.00 and gave the company an “outperform” rating in a Wednesday, October 27 research note. Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a Wednesday, Jan. 5 research note. Five investment analysts have rated the stock with a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $22.08.
Several large investors have recently bought and sold shares of KREF. Advisory Services Network LLC acquired a new stake in KKR Real Estate Finance Trust in the second quarter worth approximately $37,000. Advisor Group Holdings Inc. increased its holdings in KKR Real Estate Finance Trust by 35.6% in the second quarter. Advisor Group Holdings Inc. now owns 1,818 shares of the company valued at $38,000 after purchasing an additional 477 shares during the period. NEXT Financial Group Inc acquired a new stake in KKR Real Estate Finance Trust in the third quarter worth approximately $41,000. Point72 Hong Kong Ltd acquired a new stake in KKR Real Estate Finance Trust in the third quarter, valued at approximately $45,000. Finally, Catalyst Capital Advisors LLC increased its holdings in KKR Real Estate Finance Trust by 23.8% in the third quarter. Catalyst Capital Advisors LLC now owns 2,760 shares of the company valued at $58,000 after purchasing an additional 530 shares during the period. 74.66% of the shares are held by institutional investors and hedge funds.
Shares of NYSE:KREF traded down $0.03 in Friday’s midday session, hitting $21.09. The stock had a trading volume of 600,005 shares, compared to an average volume of 399,591. The company has a market capitalization of $1.29 billion, a PE ratio of 9.90 and a beta of 0.66. The stock has a 50-day moving average price of $21.26 and a 200-day moving average price of $21.34. The company has a current ratio of 540.30, a quick ratio of 540.30 and a debt ratio of 3.63. KKR Real Estate Finance Trust has a 1 year minimum of $17.80 and a 1 year maximum of $23.42.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 14. Shareholders of record on Friday, December 31 received a dividend of $0.43. This represents a dividend of $1.72 on an annualized basis and a dividend yield of 8.16%. The ex-dividend date was Thursday, December 30. KKR Real Estate Finance Trust’s dividend payout ratio is currently 80.75%.
KKR Real Estate Finance Trust Company Profile
KKR Real Estate Finance Trust, Inc. is a real estate finance company, primarily focused on originating and acquiring senior loans secured by commercial real estate assets. Its target assets include mezzanine loans, preferred stocks and other debt-oriented instruments. The company’s investment objective is the preservation of capital and the generation of attractive risk-adjusted returns for its shareholders over the long term, primarily through dividends.
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