KKR Real Estate Finance Trust (NYSE:KREF) Declares Quarterly Dividend of $0.25

KKR Real Estate Finance Trust (NYSE:KREF) declared a quarterly dividend on Thursday, September 11th, RTT News reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.25 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date is Tuesday, September 30th.

KKR Real Estate Finance Trust has a payout ratio of 107.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Down 0.1%

Shares of NYSE:KREF opened at $9.31 on Friday. The stock has a fifty day simple moving average of $9.38 and a two-hundred day simple moving average of $9.42. The stock has a market capitalization of $611.44 million, a price-to-earnings ratio of -14.11 and a beta of 0.91. KKR Real Estate Finance Trust has a 12-month low of $8.28 and a 12-month high of $12.74. The company has a current ratio of 440.20, a quick ratio of 440.20 and a debt-to-equity ratio of 3.81.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.37). The company had revenue of $35.75 million for the quarter, compared to analysts’ expectations of $32.55 million. KKR Real Estate Finance Trust had a negative net margin of 4.43% and a positive return on equity of 1.61%. On average, research analysts anticipate that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.44.

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.