KKR Real Estate Finance Trust Inc. Plans Quarterly Dividend of $0.25 (NYSE:KREF)

KKR Real Estate Finance Trust Inc. (NYSE:KREF) declared a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.25 per share on Wednesday, January 15th. This represents a $1.00 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend is Tuesday, December 31st.

KKR Real Estate Finance Trust has a payout ratio of 95.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect KKR Real Estate Finance Trust to earn $1.19 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 84.0%.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE KREF traded up $0.03 during midday trading on Friday, reaching $11.50. 250,044 shares of the stock traded hands, compared to its average volume of 515,590. The company’s 50 day moving average is $11.65 and its 200 day moving average is $11.05. KKR Real Estate Finance Trust has a one year low of $8.71 and a one year high of $14.12. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63. The stock has a market capitalization of $799.71 million, a PE ratio of -38.32 and a beta of 0.98.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $140.15 million during the quarter, compared to analysts’ expectations of $39.52 million. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. During the same period last year, the company posted $0.47 EPS. On average, equities research analysts anticipate that KKR Real Estate Finance Trust will post 1.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KREF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upgraded KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $11.50 to $13.00 in a research report on Thursday, September 5th. JMP Securities raised their price target on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Raymond James dropped their price objective on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company raised their target price on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating for the company in a research note on Monday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KKR Real Estate Finance Trust presently has a consensus rating of “Buy” and an average price target of $12.75.

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.