KKR Real Estate Finance Trust (KREF) to Release Earnings on Monday

KKR Real Estate Finance Trust (NYSE:KREF) will be announcing its earnings results after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Monday, July 22nd. The company reported ($1.57) EPS for the quarter, missing the consensus estimate of $0.30 by ($1.87). The business had revenue of $47.60 million for the quarter, compared to analyst estimates of $45.47 million. KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 earnings per share. On average, analysts expect KKR Real Estate Finance Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

KKR Real Estate Finance Trust Trading Up 0.3 %

KKR Real Estate Finance Trust stock opened at $12.04 on Friday. The firm has a market cap of $834.54 million, a price-to-earnings ratio of -26.17 and a beta of 0.99. KKR Real Estate Finance Trust has a 1 year low of $8.71 and a 1 year high of $14.12. The firm’s 50 day moving average price is $11.89 and its two-hundred day moving average price is $10.51. The company has a debt-to-equity ratio of 3.86, a quick ratio of 392.62 and a current ratio of 392.62.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.31%. The ex-dividend date of this dividend was Monday, September 30th. KKR Real Estate Finance Trust’s payout ratio is -217.39%.

Wall Street Analysts Forecast Growth

KREF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday. BTIG Research reiterated a “buy” rating and issued a $11.50 target price on shares of KKR Real Estate Finance Trust in a report on Friday, July 19th. Wells Fargo & Company boosted their price target on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Raymond James raised their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Finally, Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $11.50 to $13.00 in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.

KKR Real Estate Finance Trust Company Profile

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.