KKR Real Estate Finance Trust (KREF) Scheduled to Post Quarterly Earnings on Monday

KKR Real Estate Finance Trust (NYSE:KREF – Get Rating) will be announcing its earnings results after the market closes on Monday, October 24th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

KKR Real Estate Finance Trust (NYSE:KREF – Get Rating) last announced its earnings results on Monday, July 25th. The company reported $0.48 EPS for the quarter, beating the consensus estimate 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 previous year, the firm earned $0.54 EPS. On average, analysts expect KKR Real Estate Finance Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock opened at $16.95 on Monday. KKR Real Estate Finance Trust has a one year low of $15.70 and a one year high of $23.40. The company has a debt-to-equity ratio of 3.57, a current ratio of 430.34 and a quick ratio of 430.34. The business’s 50 day simple moving average is $18.65 and its 200 day simple moving average is $18.93. The stock has a market capitalization of $1.17 billion, a PE ratio of 8.92 and a beta of 0.77.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 10.15%. The ex-dividend date was Thursday, September 29th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently 90.53%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company dropped their price target 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.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of KKR Real Estate Finance Trust by 15.5% during the first quarter. Vanguard Group Inc. now owns 4,422,793 shares of the company’s stock worth $91,154,000 after purchasing an additional 592,973 shares during the period. State Street Corp raised its position in shares of KKR Real Estate Finance Trust by 14.3% during the second quarter. State Street Corp now owns 1,694,415 shares of the company’s stock worth $30,279,000 after purchasing an additional 212,433 shares during the period. Allianz Asset Management GmbH raised its position in shares of KKR Real Estate Finance Trust by 18.8% during the first quarter. Allianz Asset Management GmbH now owns 1,285,600 shares of the company’s stock worth $26,496,000 after purchasing an additional 203,500 shares during the period. invesco ltd raised its position in KKR Real Estate Finance Trust by 7.3% in the 1st quarter. invesco ltd now owns 915,199 shares of the company’s stock valued at $18,862,000 after buying an additional 62,080 shares during the last quarter. Finally, Northern Trust Corp raised its position in KKR Real Estate Finance Trust by 22.7% in the 2nd quarter. Northern Trust Corp now owns 696,287 shares of the company’s stock valued at $12,151,000 after buying an additional 128,923 shares during the last quarter. 74.91% of the stock is owned by institutional investors and hedge funds.

About KKR Real Estate Finance Trust

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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.

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