KKR Real Estate Finance Trust Inc. (KREF) to Issue Quarterly Dividend of $0.25 on July 15th

KKR Real Estate Finance Trust Inc. (NYSE:KREF) announced a quarterly dividend on Thursday, June 13th, NASDAQ reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.25 per share on Monday, July 15th. This represents a $1.00 annualized dividend and a yield of 10.76%. The ex-dividend date is Friday, June 28th.

KKR Real Estate Finance Trust has a payout ratio of 84.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect KKR Real Estate Finance Trust to earn $1.13 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 88.5%.

KKR Real Estate Finance Trust Price Performance

KKR Real Estate Finance Trust stock opened at $9.29 on Friday. The company has a debt-to-equity ratio of 4.20, a current ratio of 364.56 and a quick ratio of 364.56. The firm has a 50 day moving average price of $9.57 and a 200-day moving average price of $10.82. KKR Real Estate Finance Trust has a twelve month low of $9.09 and a twelve month high of $14.12.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $151.62 million during the quarter, compared to analyst estimates of $43.16 million. KKR Real Estate Finance Trust had a positive return on equity of 10.38% and a negative net margin of 1.39%. During the same period in the prior year, the company earned $0.48 earnings per share. On average, sell-side analysts predict that KKR Real Estate Finance Trust will post 1.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KREF shares. JMP Securities reiterated a “market outperform” rating and set a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods lowered their price target on shares of KKR Real Estate Finance Trust from $10.00 to $9.75 and set a “market perform” rating on the stock in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.82.

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.