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

KKR Real Estate Finance Trust (NYSE:KREF) is scheduled to announce its earnings results after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Monday, July 22nd. The company reported ($1.57) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($1.87). KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. The business had revenue of $47.60 million for the quarter, compared to the consensus estimate of $45.47 million. During the same quarter in the previous year, the firm earned $0.48 EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, analysts expect KKR Real Estate Finance Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

KKR Real Estate Finance Trust Trading Up 0.3 %

KKR Real Estate Finance Trust stock opened at $12.04 on Friday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 392.62 and a current ratio of 392.62. KKR Real Estate Finance Trust has a 1 year low of $8.71 and a 1 year high of $14.12. The firm’s 50-day moving average is $11.89 and its 200-day moving average is $10.51. The company has a market cap of $834.54 million, a P/E ratio of -26.17 and a beta of 0.99.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 8.31%. KKR Real Estate Finance Trust’s payout ratio is currently -217.39%.

Analyst Ratings Changes

Several analysts recently issued reports on KREF shares. Raymond James raised their price target on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods upgraded KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and raised their target price for the company from $11.50 to $13.00 in a research note on Thursday, September 5th. Wells Fargo & Company upped their price target on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. BTIG Research reiterated a “buy” rating and issued a $11.50 price objective on shares of KKR Real Estate Finance Trust in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, KKR Real Estate Finance Trust currently has an average rating of “Moderate Buy” and a consensus target price of $12.50.

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.