Equities analysts expect that KKR Real Estate Finance Trust Inc (NYSE:KREF) will announce $36.29 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for KKR Real Estate Finance Trust's earnings, with the highest sales estimate coming in at $37.97 million and the lowest estimate coming in at $34.60 million. KKR Real Estate Finance Trust posted sales of $28.63 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 26.8%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Monday, October 26th.
According to Zacks, analysts expect that KKR Real Estate Finance Trust will report full-year sales of $140.47 million for the current fiscal year, with estimates ranging from $138.00 million to $142.93 million. For the next fiscal year, analysts anticipate that the business will report sales of $149.46 million, with estimates ranging from $142.00 million to $156.92 million. Zacks Investment Research's sales calculations are an average based on a survey of research firms that cover KKR Real Estate Finance Trust.
KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.45 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.43 by $0.02. KKR Real Estate Finance Trust had a net margin of 21.52% and a return on equity of 9.44%.
A number of research firms recently issued reports on KREF. Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a report on Tuesday, October 13th. TheStreet upgraded shares of KKR Real Estate Finance Trust from a "d" rating to a "c" rating in a research note on Tuesday, August 4th. Raymond James restated a "buy" rating and issued a $19.50 price objective on shares of KKR Real Estate Finance Trust in a research note on Monday, August 3rd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $20.00 price objective on shares of KKR Real Estate Finance Trust in a research note on Wednesday, July 15th. Finally, Citigroup downgraded KKR Real Estate Finance Trust from a "buy" rating to a "neutral" rating and lifted their target price for the company from $17.00 to $18.00 in a research note on Wednesday, September 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of "Hold" and an average price target of $18.92.
In other news, major shareholder Value Spn-Kref Holdin Tactical sold 94,200 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $18.56, for a total transaction of $1,748,352.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. sold 20,657 shares of KKR Real Estate Finance Trust stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $18.50, for a total value of $382,154.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,570 shares of company stock worth $2,476,884. Insiders own 0.92% of the company's stock.
Several large investors have recently modified their holdings of KREF. Private Advisor Group LLC purchased a new stake in shares of KKR Real Estate Finance Trust in the 2nd quarter worth $33,000. Evoke Wealth LLC bought a new stake in shares of KKR Real Estate Finance Trust in the second quarter valued at about $44,000. Bank of Montreal Can lifted its stake in KKR Real Estate Finance Trust by 312.6% in the second quarter. Bank of Montreal Can now owns 2,624 shares of the company's stock worth $39,000 after acquiring an additional 1,988 shares during the period. HWG Holdings LP bought a new position in KKR Real Estate Finance Trust during the 2nd quarter worth about $45,000. Finally, Advisor Group Holdings Inc. bought a new position in KKR Real Estate Finance Trust during the 1st quarter worth about $43,000. 81.28% of the stock is currently owned by institutional investors and hedge funds.
KKR Real Estate Finance Trust stock opened at $17.25 on Monday. KKR Real Estate Finance Trust has a 52-week low of $6.84 and a 52-week high of $22.03. The company has a market cap of $1.02 billion, a P/E ratio of 23.00 and a beta of 0.67. The company has a quick ratio of 517.56, a current ratio of 517.56 and a debt-to-equity ratio of 3.98. The business has a 50-day simple moving average of $17.57 and a two-hundred day simple moving average of $16.54.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 9.97%. The ex-dividend date was Tuesday, September 29th. KKR Real Estate Finance Trust's dividend payout ratio is presently 102.99%.
KKR Real Estate Finance Trust Company Profile
KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.
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