KKR Real Estate Finance Trust (KREF) to Distribute Quarterly Dividend of $0.10 on October 15th

KKR Real Estate Finance Trust (NYSE:KREF) announced a quarterly dividend on Friday, September 18th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Wednesday, September 30th.

KKR Real Estate Finance Trust has decreased its dividend by an average of 0.1%annually over the last three years. KKR Real Estate Finance Trust has a dividend payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KKR Real Estate Finance Trust to earn $0.03 per share next year, which means the company may not be able to cover its $0.40 annual dividend with an expected future payout ratio of 1,333.3%.

KKR Real Estate Finance Trust Stock Up 0.4%

KKR Real Estate Finance Trust stock opened at $6.38 on Monday. KKR Real Estate Finance Trust has a 1-year low of $5.25 and a 1-year high of $9.43. The firm has a market capitalization of $373.45 million, a price-to-earnings ratio of -1.94 and a beta of 0.83. The firm’s fifty day moving average price is $7.30 and its two-hundred day moving average price is $6.90. The company has a current ratio of 407.64, a quick ratio of 407.64 and a debt-to-equity ratio of 4.36.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Tuesday, July 21st. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.02). KKR Real Estate Finance Trust had a negative net margin of 47.33% and a negative return on equity of 1.53%. The business had revenue of $29.34 million for the quarter, compared to analyst estimates of $24.97 million. On average, equities research analysts predict that KKR Real Estate Finance Trust will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in KKR Real Estate Finance Trust in the second quarter worth $40,349,000. Conversant Capital LLC purchased a new stake in shares of KKR Real Estate Finance Trust during the first quarter worth $9,000,000. Van ECK Associates Corp boosted its holdings in shares of KKR Real Estate Finance Trust by 10.5% in the second quarter. Van ECK Associates Corp now owns 517,167 shares of the company’s stock worth $3,537,000 after acquiring an additional 49,353 shares during the period. Bank of America Corp DE bought a new position in shares of KKR Real Estate Finance Trust in the second quarter worth $2,744,000. Finally, Compass Rose Asset Management LP purchased a new position in shares of KKR Real Estate Finance Trust in the fourth quarter valued at $2,754,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc (NYSE: KREF) is a publicly traded real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily provides senior loans secured by institutional-quality properties, with a focus on generating income from commercial real estate credit investments.

KREF’s investments are generally backed by properties in sectors such as multifamily, office, industrial, hospitality and other commercial real estate categories.