KKR Real Estate Finance Trust Inc to Issue Quarterly Dividend of $0.43 (NYSE:KREF)

KKR Real Estate Finance Trust Inc (NYSE:KREF) declared a quarterly dividend on Monday, June 15th, Zacks reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.43 per share on Wednesday, July 15th. This represents a $1.72 annualized dividend and a dividend yield of 9.96%. The ex-dividend date of this dividend is Monday, June 29th.

KKR Real Estate Finance Trust has a dividend payout ratio of 103.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect KKR Real Estate Finance Trust to earn $1.70 per share next year, which means the company may not be able to cover its $1.72 annual dividend with an expected future payout ratio of 101.2%.

NYSE:KREF opened at $17.27 on Friday. The company has a debt-to-equity ratio of 4.19, a quick ratio of 329.54 and a current ratio of 329.54. KKR Real Estate Finance Trust has a one year low of $6.84 and a one year high of $22.03. The business’s 50-day simple moving average is $16.34 and its 200 day simple moving average is $17.87. The stock has a market cap of $958.12 million, a price-to-earnings ratio of 10.34 and a beta of 0.62.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. KKR Real Estate Finance Trust had a return on equity of 8.83% and a net margin of 16.08%. The business had revenue of $32.00 million for the quarter, compared to analysts’ expectations of $30.76 million. On average, equities research analysts predict that KKR Real Estate Finance Trust will post 1.71 EPS for the current year.

In related news, Director Christen E.J. Lee bought 7,920 shares of the stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $15.27 per share, with a total value of $120,938.40. Following the completion of the acquisition, the director now owns 225,651 shares of the company’s stock, valued at $3,445,690.77. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.92% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on the company. Zacks Investment Research cut KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Citigroup upgraded KKR Real Estate Finance Trust from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Wednesday, March 25th. ValuEngine cut KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. cut their price objective on KKR Real Estate Finance Trust from $20.50 to $16.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 28th. Finally, Raymond James upped their price objective on KKR Real Estate Finance Trust from $19.00 to $19.50 and gave the company an “outperform” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. KKR Real Estate Finance Trust currently has an average rating of “Hold” and a consensus target price of $17.70.

About KKR Real Estate Finance Trust

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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Dividend History for KKR Real Estate Finance Trust (NYSE:KREF)

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