KKR Real Estate Finance Trust (KREF) Projected to Post Quarterly Earnings on Monday

KKR Real Estate Finance Trust (NYSE:KREF) is expected to announce its earnings results after the market closes on Monday, February 3rd. Analysts expect the company to announce earnings of $0.08 per share and revenue of $34.78 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE KREF opened at $9.97 on Friday. KKR Real Estate Finance Trust has a 1-year low of $8.71 and a 1-year high of $12.95. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63. The business’s fifty day moving average price is $10.67 and its two-hundred day moving average price is $11.29. The firm has a market capitalization of $693.61 million, a PE ratio of -33.23 and a beta of 1.00.

KKR Real Estate Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 10.03%. The ex-dividend date of this dividend was Tuesday, December 31st. KKR Real Estate Finance Trust’s dividend payout ratio is presently -333.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. JMP Securities increased their price target on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Raymond James decreased their price target on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods decreased their price target on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $12.46.

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.