KKR Real Estate Finance Trust Inc. (NYSE:KREF) Plans $0.25 Quarterly Dividend

KKR Real Estate Finance Trust Inc. (NYSE:KREF - Get Free Report) declared a quarterly dividend on Tuesday, June 10th, RTT News reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.25 per share on Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 10.86%. The ex-dividend date of this dividend is Monday, June 30th.

KKR Real Estate Finance Trust has a payout ratio of 107.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect KKR Real Estate Finance Trust to earn $1.08 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 92.6%.

KKR Real Estate Finance Trust Stock Down 3.3%

NYSE KREF traded down $0.31 on Friday, reaching $9.21. The stock had a trading volume of 697,760 shares, compared to its average volume of 518,881. The business has a 50 day moving average price of $9.14 and a 200 day moving average price of $10.19. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50. KKR Real Estate Finance Trust has a 1 year low of $8.28 and a 1 year high of $12.95. The company has a market capitalization of $624.49 million, a price-to-earnings ratio of 51.17 and a beta of 0.92.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.32). The company had revenue of $31.34 million for the quarter, compared to the consensus estimate of $34.77 million. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. On average, analysts forecast that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

Institutional Trading of KKR Real Estate Finance Trust

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its stake in KKR Real Estate Finance Trust by 25.9% during the 1st quarter. Millennium Management LLC now owns 353,216 shares of the company's stock valued at $3,815,000 after purchasing an additional 72,566 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in KKR Real Estate Finance Trust by 317.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,589 shares of the company's stock valued at $2,210,000 after purchasing an additional 155,553 shares during the period. Jane Street Group LLC raised its holdings in KKR Real Estate Finance Trust by 72.1% in the 1st quarter. Jane Street Group LLC now owns 172,162 shares of the company's stock valued at $1,859,000 after acquiring an additional 72,140 shares in the last quarter. Caxton Associates LLP acquired a new position in KKR Real Estate Finance Trust in the 1st quarter valued at approximately $288,000. Finally, Strs Ohio acquired a new position in KKR Real Estate Finance Trust in the 1st quarter valued at approximately $123,000. Institutional investors own 70.23% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods downgraded KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 price target for the company. in a research note on Monday, April 7th. JPMorgan Chase & Co. decreased their price target on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, JMP Securities reiterated a "market outperform" rating and set a $12.00 price target on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, KKR Real Estate Finance Trust currently has an average rating of "Moderate Buy" and an average price target of $11.88.

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.