KKR Real Estate Finance Trust (NYSE:KREF) Announces Earnings Results

KKR Real Estate Finance Trust (NYSE:KREF) announced its quarterly earnings results on Thursday. The company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.05), Morningstar.com reports. KKR Real Estate Finance Trust had a net margin of 35.11% and a return on equity of 7.84%. The company had revenue of $25.86 million during the quarter, compared to the consensus estimate of $27.50 million.

Shares of NYSE KREF traded down $0.16 during midday trading on Friday, reaching $19.87. The company’s stock had a trading volume of 353,276 shares, compared to its average volume of 209,707. The company has a debt-to-equity ratio of 2.48, a current ratio of 394.01 and a quick ratio of 394.01. KKR Real Estate Finance Trust has a fifty-two week low of $18.54 and a fifty-two week high of $21.41. The company has a market cap of $1.15 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 2.31 and a beta of 0.18. The stock has a 50 day simple moving average of $20.13.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.43 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.66%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently 89.58%.

A number of research analysts have weighed in on KREF shares. TheStreet raised shares of KKR Real Estate Finance Trust from a “d” rating to a “c” rating in a research note on Wednesday, May 8th. Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $21.60.

Several hedge funds and other institutional investors have recently bought and sold shares of KREF. BlackRock Inc. raised its holdings in shares of KKR Real Estate Finance Trust by 27.5% in the fourth quarter. BlackRock Inc. now owns 2,362,536 shares of the company’s stock valued at $45,244,000 after purchasing an additional 509,742 shares during the last quarter. First Trust Advisors LP increased its holdings in KKR Real Estate Finance Trust by 290.6% during the first quarter. First Trust Advisors LP now owns 187,127 shares of the company’s stock worth $3,746,000 after buying an additional 139,220 shares during the last quarter. SG Americas Securities LLC increased its holdings in KKR Real Estate Finance Trust by 279.5% during the first quarter. SG Americas Securities LLC now owns 127,976 shares of the company’s stock worth $2,562,000 after buying an additional 94,252 shares during the last quarter. Bank of America Corp DE increased its holdings in KKR Real Estate Finance Trust by 45.1% during the fourth quarter. Bank of America Corp DE now owns 282,254 shares of the company’s stock worth $5,405,000 after buying an additional 87,695 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in KKR Real Estate Finance Trust by 41.9% during the first quarter. JPMorgan Chase & Co. now owns 228,246 shares of the company’s stock worth $4,570,000 after buying an additional 67,400 shares during the last quarter. Institutional investors own 78.15% of the company’s stock.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.

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Earnings History for KKR Real Estate Finance Trust (NYSE:KREF)

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