KKR Real Estate Finance Trust (NYSE:KREF) Plans Quarterly Dividend of $0.10

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

KKR Real Estate Finance Trust has decreased its dividend payment by an average of 0.1%per year over the last three years. KKR Real Estate Finance Trust has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of KREF stock opened at $6.38 on Monday. The company has a debt-to-equity ratio of 4.36, a current ratio of 407.64 and a quick ratio of 407.64. The stock has a market cap of $373.45 million, a PE ratio of -1.94 and a beta of 0.83. The stock has a 50-day moving average of $7.30 and a 200-day moving average of $6.90. KKR Real Estate Finance Trust has a one year low of $5.25 and a one year high of $9.43.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings results on Tuesday, July 21st. The company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.02). The firm had revenue of $29.34 million during the quarter, compared to analyst estimates of $24.97 million. KKR Real Estate Finance Trust had a negative net margin of 47.33% and a negative return on equity of 1.53%. As a group, sell-side analysts expect that KKR Real Estate Finance Trust will post 0.28 earnings per share for the current year.

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.