KKR Real Estate Finance Trust (NYSE:KREF) Announces Earnings Results, Misses Estimates By $0.37 EPS

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.53) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.37), Zacks reports. The firm had revenue of $35.75 million for the quarter, compared to the consensus estimate of $32.55 million. KKR Real Estate Finance Trust had a positive return on equity of 1.61% and a negative net margin of 4.43%.

KKR Real Estate Finance Trust Stock Up 0.2%

KREF traded up $0.02 on Friday, hitting $9.20. 653,725 shares of the company were exchanged, compared to its average volume of 789,843. KKR Real Estate Finance Trust has a 12 month low of $8.28 and a 12 month high of $12.95. The company has a market cap of $603.93 million, a PE ratio of -13.93 and a beta of 0.91. The company has a debt-to-equity ratio of 3.81, a quick ratio of 413.32 and a current ratio of 440.20. The stock's fifty day moving average is $9.09 and its 200-day moving average is $9.83.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 10.88%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently -151.52%.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC raised its stake in 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 valued at $3,815,000 after acquiring an additional 72,566 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of KKR Real Estate Finance Trust by 317.2% in 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 during the period. Jane Street Group LLC raised its position in shares of KKR Real Estate Finance Trust by 72.1% in 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 period. Caxton Associates LLP bought a new position in shares of KKR Real Estate Finance Trust in the first quarter valued at about $288,000. Finally, Strs Ohio bought a new position in KKR Real Estate Finance Trust in the 1st quarter valued at about $123,000. Institutional investors own 70.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KREF. Keefe, Bruyette & Woods lowered KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 target price on the stock. in a report on Monday, April 7th. JMP Securities reiterated a "market outperform" rating and issued a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. JPMorgan Chase & Co. decreased their price objective on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Wall Street Zen raised shares of KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a research note on Saturday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $11.95.

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.