$ 0.48 in earnings per share expected for KKR Real Estate Finance Trust Inc. (NYSE: KREF) this quarter

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Analysts expect KKR Real Estate Finance Trust Inc. (NYSE: KREF) to post earnings per share (EPS) of $ 0.48 for the current fiscal quarter, reports Zacks Investment Research. Two analysts provided revenue estimates for KKR Real Estate Finance Trust, with estimates ranging from $ 0.47 to $ 0.48. KKR Real Estate Finance Trust reported earnings per share of $ 0.58 in the same quarter last year, which would indicate a negative year-over-year growth rate of 17.2%. The company is expected to report its next quarterly results after the market closes on Monday, October 25.

On average, analysts expect KKR Real Estate Finance Trust to report annual earnings of $ 2.02 per share for the current year, with EPS estimates ranging from $ 2.01 to $ 2.03. . For the next fiscal year, analysts expect the company to report earnings of $ 1.84 per share, with EPS estimates ranging from $ 1.81 to $ 1.87. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts who provide coverage for KKR Real Estate Finance Trust.

KKR Real Estate Finance Trust (NYSE: KREF) last announced its quarterly earnings data on Sunday, July 25. The company reported earnings per share (EPS) of $ 0.54 for the quarter, beating the consensus estimate of $ 0.49 by $ 0.05. KKR Real Estate Finance Trust recorded a return on equity of 11.24% and a net margin of 51.55%.

Several equity research analysts have weighed on the company recently. Zacks Investment Research downgraded KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research report released on Wednesday, September 29. JMP Securities reaffirmed a “market outperformance” rating and set a price target of $ 20.91 (up from $ 21.50 previously) for KKR Real Estate Finance Trust shares in a research report released on Tuesday 27 July. Two research analysts rated the stock with a conservation rating and four gave the stock a buy rating. According to data from MarketBeat.com, KKR Real Estate Finance Trust has a consensus rating of “Buy” and an average target price of $ 21.68.

NYSE KREF shares opened at $ 21.69 on Monday. The company has a debt to equity ratio of 3.42, a rapid ratio of 619.94 and a current ratio of 619.94. KKR Real Estate Finance Trust has a 52 week minimum of $ 16.15 and a 52 week maximum of $ 23.42. The company has a market cap of $ 1.21 billion, a PE ratio of 10.23 and a beta of 0.70. The stock’s 50-day simple moving average is $ 21.22 and its 200-day simple moving average is $ 21.00.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 15. Investors of record on Thursday, September 30 will receive a dividend of $ 0.43. The ex-dividend date is Wednesday, September 29. This represents a dividend of $ 1.72 on an annualized basis and a dividend yield of 7.93%. The dividend payout ratio (DPR) of KKR Real Estate Finance Trust is currently 88.21%.

In other news from KKR Real Estate Finance Trust, Director Christen EJ Lee sold 10,098 shares of the company in a trade on Monday, August 2. The stock was sold for an average price of $ 21.39, for a total trade of $ 215,996.22. As a result of the sale, the director now directly owns 262,324 shares of the company, valued at $ 5,611,110.36. The transaction was disclosed in a document filed with the SEC, accessible through the SEC’s website. 1.30% of the capital is held by insiders.

Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in KKR Real Estate Finance Trust by 72.4% in the second quarter. Advisors Asset Management Inc. now owns 143,271 shares of the company valued at $ 3,099,000 after purchasing an additional 60,158 shares in the last quarter. Nomura Asset Management Co. Ltd. acquired a new position in KKR Real Estate Finance Trust in the second quarter for a value of $ 2,102,000. Citigroup Inc. increased its stake in KKR Real Estate Finance Trust by 1,461.7% in the second quarter. Citigroup Inc. now owns 57,596 shares of the company valued at $ 1,246,000 after purchasing an additional 53,908 shares during the last quarter. The New York State Common Retirement Fund increased its stake in KKR Real Estate Finance Trust by 18.3% in the second quarter. The New York State Pooled Retirement Fund now owns 29,859 shares of the company valued at $ 646,000 after purchasing an additional 4,619 shares in the last quarter. Finally, SageGuard Financial Group LLC increased its stake in KKR Real Estate Finance Trust by 13.9% in the first quarter. SageGuard Financial Group LLC now owns 31,465 shares of the company valued at $ 580,000 after purchasing an additional 3,849 shares in the last quarter. 82.15% of the capital is held by institutional investors.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust, Inc is a real estate finance company, which primarily focuses on granting and acquiring senior loans secured by commercial real estate assets. Its target assets include mezzanine loans, preferred stocks and other debt-focused instruments. The investment objective of the company is the preservation of capital and the generation of attractive risk-adjusted returns for its shareholders over the long term, primarily through dividends.

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