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

KKR Real Estate Finance Trust Inc. (NYSE:KREF) declared a quarterly dividend on Friday, March 14th, RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.25 per share on Tuesday, April 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.01%.

KKR Real Estate Finance Trust has decreased its dividend payment by an average of 12.5% annually over the last three years. KKR Real Estate Finance Trust has a payout ratio of 72.5% meaning its dividend is sufficiently covered by earnings. Equities 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

Shares of NYSE:KREF opened at $11.09 on Friday. The firm has a market cap of $762.31 million, a price-to-earnings ratio of 61.63 and a beta of 0.99. The firm has a fifty day moving average price of $10.68 and a 200 day moving average price of $11.30. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16. KKR Real Estate Finance Trust has a fifty-two week low of $8.71 and a fifty-two week high of $12.95.

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

Analyst Ratings Changes

A number of research firms recently issued reports on KREF. Keefe, Bruyette & Woods decreased their price target on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. reduced their target price on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $12.46.

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.