KKR Real Estate Finance Trust Inc., a mortgage real estate investment trust, focuses primarily on originating and acquiring 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 mortgage loans, and commercial mortgage-backed securities. The company has elected to be taxed as a real estate investment trust and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. KKR Real Estate Finance Trust Inc. was incorporated in 2014 and is headquartered in New York, New York.
KKR Real Estate Finance Trust Price Performance
NYSE:KREF traded down $0.19 during trading hours on Wednesday, reaching $19.64. The stock had a trading volume of 1,675 shares, compared to its average volume of 383,832. The company has a debt-to-equity ratio of 3.57, a quick ratio of 430.34 and a current ratio of 430.34. KKR Real Estate Finance Trust has a 52 week low of $16.47 and a 52 week high of $23.40. The company has a 50 day moving average price of $18.35 and a two-hundred day moving average price of $19.62. The stock has a market capitalization of $1.36 billion, a PE ratio of 10.44 and a beta of 0.73.
KKR Real Estate Finance Trust (NYSE:KREF - Get Rating) last released its quarterly earnings data on Monday, July 25th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.07. KKR Real Estate Finance Trust had a return on equity of 7.74% and a net margin of 48.10%. During the same period in the prior year, the business posted $0.54 EPS. As a group, sell-side analysts anticipate that KKR Real Estate Finance Trust will post 1.91 earnings per share for the current fiscal year.
KKR Real Estate Finance Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 8.76%. The ex-dividend date of this dividend was Wednesday, June 29th. KKR Real Estate Finance Trust's payout ratio is 90.53%.
Analysts Set New Price Targets
Separately, Wells Fargo & Company decreased their target price on KKR Real Estate Finance Trust to $22.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th.
Insiders Place Their Bets
In other KKR Real Estate Finance Trust news, major shareholder Reft Holdings L.P. Kkr sold 4,250,000 shares of KKR Real Estate Finance Trust stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $19.51, for a total value of $82,917,500.00. Following the sale, the insider now owns 10,000,000 shares of the company's stock, valued at approximately $195,100,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company's stock.