KKR Real Estate Finance Trust (NYSE:KREF) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) issued its earnings results on Tuesday. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02, Briefing.com reports. KKR Real Estate Finance Trust had a positive return on equity of 10.59% and a negative net margin of 4.82%. The business had revenue of $151.62 million during the quarter, compared to analysts' expectations of $43.16 million. During the same period in the prior year, the firm posted $0.48 EPS.

KKR Real Estate Finance Trust Stock Down 2.4 %

KREF stock traded down $0.24 during midday trading on Wednesday, hitting $9.78. The company's stock had a trading volume of 863,876 shares, compared to its average volume of 594,083. The company's fifty day moving average price is $9.79 and its 200 day moving average price is $11.30. KKR Real Estate Finance Trust has a twelve month low of $9.09 and a twelve month high of $14.12. The company has a debt-to-equity ratio of 4.32, a current ratio of 361.76 and a quick ratio of 361.75. The stock has a market capitalization of $677.85 million, a P/E ratio of -12.54 and a beta of 0.96.

KKR Real Estate Finance Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.22%. The ex-dividend date was Wednesday, March 27th. KKR Real Estate Finance Trust's dividend payout ratio is presently -128.21%.

Insider Transactions at KKR Real Estate Finance Trust

In related news, COO W Patrick Mattson bought 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average price of $9.72 per share, for a total transaction of $97,200.00. Following the completion of the acquisition, the chief operating officer now owns 308,446 shares of the company's stock, valued at approximately $2,998,095.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Matthew A. Salem acquired 26,000 shares of the firm's stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $9.72 per share, with a total value of $252,720.00. Following the transaction, the chief executive officer now directly owns 460,309 shares in the company, valued at approximately $4,474,203.48. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO W Patrick Mattson bought 10,000 shares of the company's stock in a transaction dated Thursday, February 8th. The stock was purchased at an average cost of $9.72 per share, for a total transaction of $97,200.00. Following the completion of the acquisition, the chief operating officer now owns 308,446 shares in the company, valued at approximately $2,998,095.12. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KREF shares. JMP Securities reduced their target price on shares of KKR Real Estate Finance Trust from $14.50 to $13.00 and set a "market outperform" rating on the stock in a research note on Wednesday, February 7th. JPMorgan Chase & Co. decreased their target price on KKR Real Estate Finance Trust from $11.50 to $10.00 and set an "overweight" rating for the company in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company reduced their price objective on shares of KKR Real Estate Finance Trust from $12.00 to $10.50 and set an "overweight" rating on the stock in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.33.

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.