KKR Real Estate Finance Trust Inc (KREF) to Release Earnings on Tuesday
KKR Real Estate Finance Trust Inc (NASDAQ:KREF) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 7th. Analysts expect KKR Real Estate Finance Trust to post earnings of $0.29 per share for the quarter.
KKR Real Estate Finance Trust (NASDAQ:KREF) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $17.45 million during the quarter, compared to analysts’ expectations 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, analysts expect KKR Real Estate Finance Trust to post $1.31 EPS for the current fiscal year and $1.77 EPS for the next fiscal year.
KKR Real Estate Finance Trust Inc (KREF) traded up 0.59% during mid-day trading on Tuesday, hitting $20.38. 9,074 shares of the stock were exchanged. The firm has a 50-day moving average price of $21.13 and a 200-day moving average price of $21.22. KKR Real Estate Finance Trust Inc has a 12-month low of $19.57 and a 12-month high of $23.99. The stock has a market capitalization of $1.09 billion and a P/E ratio of 13.20.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Saturday, September 30th were given a $0.37 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.48 annualized dividend and a dividend yield of 7.31%.
In other KKR Real Estate Finance Trust news, CEO Christen E.J. Lee acquired 17,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of $19.95 per share, for a total transaction of $341,145.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A hedge fund recently bought a new stake in KKR Real Estate Finance Trust stock. The Manufacturers Life Insurance Company acquired a new stake in KKR Real Estate Finance Trust Inc (NASDAQ:KREF) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 7,164 shares of the company’s stock, valued at approximately $154,000.
Several equities analysts recently issued reports on KREF shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $22.50 price objective on shares of KKR Real Estate Finance Trust in a research report on Friday, July 21st. Zacks Investment Research upgraded KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, October 25th.
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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