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

KKR Real Estate Finance Trust Inc. (NYSE:KREF) announced a quarterly dividend on Friday, March 14th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.25 per share on Tuesday, April 15th. This represents a $1.00 annualized dividend and a yield of 9.01%. The ex-dividend date of this dividend is Monday, March 31st.

KKR Real Estate Finance Trust has decreased its dividend payment by an average of 12.5% per year over the last three years. KKR Real Estate Finance Trust has a dividend payout ratio of 72.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KKR Real Estate Finance Trust to earn $1.08 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 92.6%.

KKR Real Estate Finance Trust Price Performance

KREF stock opened at $11.09 on Friday. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50. KKR Real Estate Finance Trust has a 52-week low of $8.71 and a 52-week high of $12.95. The stock’s 50 day moving average is $10.69 and its two-hundred day moving average is $11.30. The company has a market capitalization of $762.31 million, a PE ratio of 61.63 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.20. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. Analysts predict that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KREF has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price objective on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $12.46.

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.