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

KKR Real Estate Finance Trust Inc. (NYSE:KREF - Get Free Report) announced a quarterly dividend on Tuesday, June 10th, RTT News reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.25 per share on Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.50%. The ex-dividend date of this dividend is Monday, June 30th.

KKR Real Estate Finance Trust has a dividend 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 Trading Up 0.2%

Shares of NYSE KREF traded up $0.02 during mid-day trading on Thursday, hitting $9.52. The stock had a trading volume of 184,307 shares, compared to its average volume of 514,929. The firm has a market cap of $645.51 million, a P/E ratio of 52.89 and a beta of 0.92. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16. The business has a 50 day moving average price of $9.12 and a two-hundred day moving average price of $10.23. KKR Real Estate Finance Trust has a 1 year low of $8.28 and a 1 year high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.32). The firm 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 net margin of 6.30% and a return on equity of 8.53%. On average, equities analysts anticipate that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of KKR Real Estate Finance Trust

Hedge funds have recently modified their holdings of the business. Millennium Management LLC increased its stake in shares of KKR Real Estate Finance Trust by 25.9% in the 1st quarter. Millennium Management LLC now owns 353,216 shares of the company's stock worth $3,815,000 after acquiring an additional 72,566 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of KKR Real Estate Finance Trust by 317.2% during the first 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 in the last quarter. Jane Street Group LLC lifted its holdings in shares of KKR Real Estate Finance Trust by 72.1% during the first quarter. Jane Street Group LLC now owns 172,162 shares of the company's stock valued at $1,859,000 after purchasing an additional 72,140 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of KKR Real Estate Finance Trust in the 1st quarter worth approximately $288,000. Finally, Strs Ohio purchased a new stake in shares of KKR Real Estate Finance Trust in the 1st quarter worth approximately $123,000. Institutional investors own 70.23% 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 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.