Positive News Coverage Somewhat Unlikely to Impact KKR Real Estate Finance Trust (KREF) Stock Price
News stories about KKR Real Estate Finance Trust (NASDAQ:KREF) have trended positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. KKR Real Estate Finance Trust earned a news impact score of 0.32 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.5462965895257 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
KKR Real Estate Finance Trust (NASDAQ:KREF) opened at 21.38 on Thursday. KKR Real Estate Finance Trust has a 1-year low of $19.57 and a 1-year high of $23.99. The company has a market capitalization of $1.15 billion and a price-to-earnings ratio of 13.85. The firm has a 50 day moving average of $21.06 and a 200-day moving average of $21.27.
KKR Real Estate Finance Trust (NASDAQ:KREF) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $17.45 million during the quarter, compared to the consensus estimate of $17.87 million. KKR Real Estate Finance Trust had a return on equity of 6.60% and a net margin of 64.81%. On average, equities research analysts anticipate that KKR Real Estate Finance Trust will post $1.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Saturday, September 30th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date is Thursday, September 28th.
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $22.50 price objective on shares of KKR Real Estate Finance Trust in a research note on Friday, July 21st.
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In related news, CEO Christen E.J. Lee bought 17,100 shares of the stock in a transaction on Tuesday, August 15th. The shares were acquired at an average price of $19.95 per share, for a total transaction of $341,145.00. Following the purchase, the chief executive officer now owns 36,957 shares of the company’s stock, valued at $737,292.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
About KKR Real Estate Finance Trust
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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