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KKR Real Estate Finance Trust (NYSE:KREF – Get Rating) is scheduled to release its earnings data after the market closes on Monday, July 25th. Analysts expect KKR Real Estate Finance Trust to post earnings of $0.41 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
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, beating the consensus estimate of $0.44 by $0.03. KKR Real Estate Finance Trust had a return on equity of 7.90% and a net margin of 54.74%. During the same period in the prior year, the firm posted $0.55 earnings per share. On average, analysts expect KKR Real Estate Finance Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
KKR Real Estate Finance Trust Stock Performance
Shares of KREF opened at $17.97 on Monday. The company has a debt-to-equity ratio of 3.30, a current ratio of 409.61 and a quick ratio of 409.61. The stock has a 50-day moving average of $18.57 and a 200-day moving average of $19.98. The company has a market cap of $1.22 billion, a PE ratio of 8.40 and a beta of 0.70. KKR Real Estate Finance Trust has a one year low of $16.47 and a one year high of $23.40.
KKR Real Estate Finance Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.72 annualized dividend and a dividend yield of 9.57%. KKR Real Estate Finance Trust’s dividend payout ratio is presently 80.37%.
Analysts Set New Price Targets
Separately, JMP Securities reduced their target price on KKR Real Estate Finance Trust from $23.50 to $23.00 and set a “market outperform” rating for the company in a research note on Monday, March 21st.
Insider Buying and Selling at KKR Real Estate Finance Trust
In other KKR Real Estate Finance Trust news, major shareholder Reft Holdings L.P. Kkr sold 4,250,000 shares of KKR Real Estate Finance Trust stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $19.51, for a total transaction of $82,917,500.00. Following the completion of the transaction, the insider now owns 10,000,000 shares in the company, valued at approximately $195,100,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.
Hedge Funds Weigh In On KKR Real Estate Finance Trust
A number of hedge funds have recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. bought a new position in shares of KKR Real Estate Finance Trust during the 1st quarter worth approximately $243,000. Bank of Montreal Can lifted its position in shares of KKR Real Estate Finance Trust by 8.9% during the 1st quarter. Bank of Montreal Can now owns 12,902 shares of the company’s stock worth $272,000 after buying an additional 1,051 shares in the last quarter. Jane Street Group LLC bought a new position in shares of KKR Real Estate Finance Trust during the 1st quarter worth approximately $271,000. Penserra Capital Management LLC lifted its position in shares of KKR Real Estate Finance Trust by 28.8% during the 1st quarter. Penserra Capital Management LLC now owns 13,683 shares of the company’s stock worth $282,000 after buying an additional 3,060 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of KKR Real Estate Finance Trust by 61.6% during the 1st quarter. MetLife Investment Management LLC now owns 19,541 shares of the company’s stock worth $403,000 after buying an additional 7,449 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.
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 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.
Further Reading
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