KKR Real Estate Finance Trust (NYSE:KREF) Declares Quarterly Dividend of $0.10

Key Points

• KKR Real Estate Finance Trust declared a quarterly dividend of $0.10 per share, payable October 15 to shareholders of record September 30. The annualized dividend is $0.40, representing a 6.3% yield.
• Dividend coverage could weaken significantly: while the current payout ratio is 43%, analysts expect only $0.03 in earnings per share next year, implying a potential future payout ratio of 1,333.3%.
• KREF’s shares opened at $6.38, near the lower end of their $5.25–$9.43 52-week range. The company recently reported a quarterly loss of $0.58 per share and has substantial leverage, with a debt-to-equity ratio of 4.36.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) declared a quarterly dividend on Friday, September 18th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Wednesday, September 30th.

KKR Real Estate Finance Trust has decreased its dividend payment by an average of 0.1%per year over the last three years. KKR Real Estate Finance Trust has a dividend payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KKR Real Estate Finance Trust to earn $0.03 per share next year, which means the company may not be able to cover its $0.40 annual dividend with an expected future payout ratio of 1,333.3%.

KKR Real Estate Finance Trust Stock Performance

NYSE KREF opened at $6.38 on Monday. The firm has a market capitalization of $373.45 million, a P/E ratio of -1.94 and a beta of 0.83. KKR Real Estate Finance Trust has a 1-year low of $5.25 and a 1-year high of $9.43. The company has a debt-to-equity ratio of 4.36, a current ratio of 407.64 and a quick ratio of 407.64. The business's 50-day simple moving average is $7.30 and its 200-day simple moving average is $6.90.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its earnings results on Tuesday, July 21st. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.56) by ($0.02). KKR Real Estate Finance Trust had a negative return on equity of 1.53% and a negative net margin of 47.33%.The business had revenue of $29.34 million for the quarter, compared to analyst estimates of $24.97 million. Equities analysts predict that KKR Real Estate Finance Trust will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at $183,000. Tidal Investments LLC purchased a new stake in KKR Real Estate Finance Trust during the 2nd quarter worth $609,000. Integrated Wealth Concepts LLC acquired a new position in KKR Real Estate Finance Trust in the 2nd quarter worth $25,000. Squarepoint Ops LLC lifted its holdings in KKR Real Estate Finance Trust by 48.3% in the 2nd quarter. Squarepoint Ops LLC now owns 75,155 shares of the company's stock worth $514,000 after buying an additional 24,486 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in KKR Real Estate Finance Trust by 52.1% in the 2nd quarter. Allworth Financial LP now owns 7,937 shares of the company's stock worth $54,000 after buying an additional 2,719 shares in the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc NYSE: KREF is a publicly traded real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily provides senior loans secured by institutional-quality properties, with a focus on generating income from commercial real estate credit investments.

KREF's investments are generally backed by properties in sectors such as multifamily, office, industrial, hospitality and other commercial real estate categories.

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