KKR Real Estate Finance Trust (NYSE:KREF) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

KKR Real Estate Finance Trust (NYSE:KREF) posted its earnings results on Tuesday. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02, Briefing.com reports. The firm had revenue of $151.62 million for the quarter, compared to analysts’ expectations of $43.16 million. KKR Real Estate Finance Trust had a positive return on equity of 10.28% and a negative net margin of 1.39%. During the same period last year, the firm earned $0.48 EPS.

KKR Real Estate Finance Trust Price Performance

Shares of KKR Real Estate Finance Trust stock opened at $9.78 on Thursday. The company has a debt-to-equity ratio of 4.32, a current ratio of 361.76 and a quick ratio of 361.75. KKR Real Estate Finance Trust has a 1 year low of $9.09 and a 1 year high of $14.12. The company’s fifty day moving average is $9.79 and its two-hundred day moving average is $11.30.

KKR Real Estate Finance Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.00 annualized dividend and a yield of 10.23%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -217.39%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KREF. Wells Fargo & Company reduced their price objective on KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. JPMorgan Chase & Co. lowered their price target on KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. Finally, JMP Securities lowered their target price on shares of KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating for the company in a report on Wednesday, February 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

Insider Transactions at KKR Real Estate Finance Trust

In related news, CEO Matthew A. Salem purchased 26,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $9.72 per share, for a total transaction of $252,720.00. Following the transaction, the chief executive officer now directly owns 460,309 shares of the company’s stock, valued at approximately $4,474,203.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Matthew A. Salem acquired 26,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of $9.72 per share, for a total transaction of $252,720.00. Following the transaction, the chief executive officer now directly owns 460,309 shares in the company, valued at approximately $4,474,203.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO W Patrick Mattson bought 10,000 shares of KKR Real Estate Finance Trust stock in a transaction dated Thursday, February 8th. The stock was purchased at an average price of $9.72 per share, with a total value of $97,200.00. Following the purchase, the chief operating officer now directly owns 308,446 shares in the company, valued at approximately $2,998,095.12. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

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.