Equities analysts expect that KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Rating) will report $0.41 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for KKR Real Estate Finance Trust’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.37. KKR Real Estate Finance Trust posted earnings of $0.54 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 24.1%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that KKR Real Estate Finance Trust will report full year earnings of $1.74 per share for the current year, with EPS estimates ranging from $1.68 to $1.80. For the next fiscal year, analysts expect that the business will post earnings of $1.88 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover KKR Real Estate Finance Trust.
KKR Real Estate Finance Trust (NYSE:KREF – Get Rating) last issued its earnings results on Monday, April 25th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. KKR Real Estate Finance Trust had a net margin of 54.74% and a return on equity of 7.90%. During the same period in the prior year, the company posted $0.55 EPS.
Several research analysts have commented on the stock. Raymond James boosted their price target on shares of KKR Real Estate Finance Trust from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, February 10th. JMP Securities reduced their target price on shares of KKR Real Estate Finance Trust from $23.50 to $23.00 and set a “market outperform” rating on the stock in a report on Monday, March 21st.
In other KKR Real Estate Finance Trust news, major shareholder Reft Holdings L.P. Kkr sold 4,250,000 shares of the business’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $19.51, for a total value of $82,917,500.00. Following the transaction, the insider now owns 10,000,000 shares of the company’s stock, valued at $195,100,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of KREF. Nauset Wealth Management. LLC bought a new position in shares of KKR Real Estate Finance Trust in the 1st quarter valued at $30,000. City State Bank bought a new stake in KKR Real Estate Finance Trust in the 4th quarter valued at about $39,000. Signaturefd LLC increased its position in KKR Real Estate Finance Trust by 40.2% in the 1st quarter. Signaturefd LLC now owns 1,889 shares of the company’s stock valued at $39,000 after buying an additional 542 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in KKR Real Estate Finance Trust by 241.9% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 2,120 shares of the company’s stock worth $44,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of KKR Real Estate Finance Trust during the third quarter valued at approximately $45,000. 78.72% of the stock is owned by hedge funds and other institutional investors.
KREF stock opened at $18.85 on Friday. The firm’s fifty day moving average is $19.84 and its 200 day moving average is $20.62. The company has a debt-to-equity ratio of 3.30, a quick ratio of 409.61 and a current ratio of 409.61. The firm has a market cap of $1.28 billion, a PE ratio of 8.81 and a beta of 0.66. KKR Real Estate Finance Trust has a one year low of $18.52 and a one year high of $23.42.
The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were issued a dividend of $0.43 per share. The ex-dividend date was Wednesday, March 30th. This represents a $1.72 annualized dividend and a dividend yield of 9.12%. KKR Real Estate Finance Trust’s dividend payout ratio is 80.37%.
About KKR Real Estate Finance Trust (Get Rating)
KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring 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 mortgage loans, and commercial mortgage-backed securities.
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