Analysts Anticipate KKR Real Estate Finance Trust Inc (NYSE:KREF) Will Post Earnings of $0.42 Per Share

Wall Street brokerages expect KKR Real Estate Finance Trust Inc (NYSE:KREF) to report earnings of $0.42 per share for the current quarter, Zacks reports. Two analysts have issued estimates for KKR Real Estate Finance Trust’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.40. KKR Real Estate Finance Trust reported earnings of $0.38 per share in the same quarter last year, which indicates a positive year over year growth rate of 10.5%. The company is expected to announce its next quarterly earnings report on Wednesday, February 19th.

According to Zacks, analysts expect that KKR Real Estate Finance Trust will report full year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.64 to $1.67. For the next year, analysts forecast that the company will post earnings of $1.71 per share, with EPS estimates ranging from $1.67 to $1.75. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover KKR Real Estate Finance Trust.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The firm had revenue of $28.63 million for the quarter, compared to the consensus estimate of $30.30 million. KKR Real Estate Finance Trust had a net margin of 40.23% and a return on equity of 8.23%.

Separately, Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.50.

In other news, CEO Christen E.J. Lee bought 5,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of $19.15 per share, with a total value of $95,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.89% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in KKR Real Estate Finance Trust by 4.7% during the second quarter. BlackRock Inc. now owns 2,542,908 shares of the company’s stock valued at $50,655,000 after purchasing an additional 115,093 shares in the last quarter. Vanguard Group Inc. grew its position in KKR Real Estate Finance Trust by 4.1% during the second quarter. Vanguard Group Inc. now owns 2,298,496 shares of the company’s stock valued at $45,786,000 after purchasing an additional 89,641 shares in the last quarter. Capital Growth Management LP grew its position in KKR Real Estate Finance Trust by 101.6% during the second quarter. Capital Growth Management LP now owns 1,734,000 shares of the company’s stock valued at $34,541,000 after purchasing an additional 874,000 shares in the last quarter. UBS Group AG grew its position in KKR Real Estate Finance Trust by 9.4% during the second quarter. UBS Group AG now owns 790,843 shares of the company’s stock valued at $15,754,000 after purchasing an additional 68,244 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in KKR Real Estate Finance Trust by 52.2% during the second quarter. Nuveen Asset Management LLC now owns 735,279 shares of the company’s stock valued at $14,647,000 after purchasing an additional 252,275 shares in the last quarter. 79.84% of the stock is currently owned by institutional investors and hedge funds.

KREF stock opened at $19.77 on Friday. KKR Real Estate Finance Trust has a 52 week low of $18.54 and a 52 week high of $21.00. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 2.38 and a beta of 0.23. The firm’s 50-day moving average is $19.71 and its two-hundred day moving average is $19.85. The company has a current ratio of 407.43, a quick ratio of 407.43 and a debt-to-equity ratio of 3.55.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 8.70%. The ex-dividend date was Friday, September 27th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently 89.58%.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.

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