KKR Real Estate Finance Trust (NYSE:KREF) Posts Quarterly Earnings Results, Misses Expectations By $0.37 EPS

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.37), Zacks reports. KKR Real Estate Finance Trust had a negative net margin of 4.43% and a positive return on equity of 1.58%. The company had revenue of $35.75 million for the quarter, compared to analyst estimates of $32.55 million.

KKR Real Estate Finance Trust Stock Up 2.3%

Shares of KREF traded up $0.21 during mid-day trading on Thursday, reaching $9.28. The company's stock had a trading volume of 618,609 shares, compared to its average volume of 595,028. The business has a fifty day moving average of $9.10 and a 200 day moving average of $9.84. The company has a market cap of $629.01 million, a price-to-earnings ratio of -14.10 and a beta of 0.91. 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 quick ratio of 413.32, a current ratio of 413.32 and a debt-to-equity ratio of 3.77.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.78%. KKR Real Estate Finance Trust's payout ratio is currently 625.00%.

Institutional Trading of KKR Real Estate Finance Trust

A number of hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new stake in shares of KKR Real Estate Finance Trust during the first quarter worth $66,000. Strs Ohio purchased a new stake in shares of KKR Real Estate Finance Trust during the first quarter worth $123,000. Caxton Associates LLP purchased a new stake in shares of KKR Real Estate Finance Trust during the first quarter worth $288,000. Jane Street Group LLC raised 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 worth $1,859,000 after acquiring an additional 72,140 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 worth $2,210,000 after acquiring an additional 155,553 shares in the last quarter. Hedge funds and other institutional investors own 70.23% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on KREF. JPMorgan Chase & Co. cut 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. JMP Securities reiterated a "market outperform" rating and set a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods downgraded KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 price objective for the company. in a research report on Monday, April 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $11.95.

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.