KKR Real Estate Finance Trust Inc (NYSE:KREF) declared a quarterly dividend on Monday, March 12th, NASDAQ reports. Investors of record on Thursday, March 29th will be paid a dividend of 0.40 per share on Friday, April 13th. This represents a $1.60 annualized dividend and a dividend yield of 7.89%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from KKR Real Estate Finance Trust’s previous quarterly dividend of $0.37.
Shares of KKR Real Estate Finance Trust (NYSE KREF) traded down $0.03 on Tuesday, hitting $20.27. The company had a trading volume of 17,426 shares, compared to its average volume of 81,556. The company has a debt-to-equity ratio of 0.91, a current ratio of 1,807.17 and a quick ratio of 1,807.17. KKR Real Estate Finance Trust has a 1-year low of $18.09 and a 1-year high of $23.99. The firm has a market cap of $1,071.75 and a price-to-earnings ratio of 15.26.
KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). KKR Real Estate Finance Trust had a net margin of 71.04% and a return on equity of 5.77%. The business had revenue of $28.39 million during the quarter, compared to analyst estimates of $23.83 million. research analysts anticipate that KKR Real Estate Finance Trust will post 1.64 EPS for the current fiscal year.
An institutional investor recently bought a new position in KKR Real Estate Finance Trust stock. The Manufacturers Life Insurance Company purchased a new position in shares of KKR Real Estate Finance Trust Inc (NYSE:KREF) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,164 shares of the company’s stock, valued at approximately $154,000. 73.19% of the stock is owned by hedge funds and other institutional investors.
KKR Real Estate Finance Trust Company Profile
KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds.
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