Zacks: Brokerages Expect KKR Real Estate Finance Trust Inc (NYSE:KREF) Will Announce Earnings of $0.42 Per Share

Analysts expect that KKR Real Estate Finance Trust Inc (NYSE:KREF) will announce earnings per share (EPS) of $0.42 for the current quarter, Zacks reports. Two analysts have provided 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 per share of $0.38 in the same quarter last year, which would indicate 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.

On average, analysts expect that KKR Real Estate Finance Trust will report full-year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.64 to $1.67. For the next fiscal year, analysts forecast that the firm will report earnings of $1.71 per share, with EPS estimates ranging from $1.67 to $1.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover KKR Real Estate Finance Trust.

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

KREF has been the topic of several research reports. Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Compass Point began coverage on shares of KKR Real Estate Finance Trust in a research note on Monday, December 2nd. They set a “neutral” rating and a $20.50 target price for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $21.25.

Large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC bought a new stake in KKR Real Estate Finance Trust in the 2nd quarter valued at $46,000. Bank of Montreal Can grew its holdings in KKR Real Estate Finance Trust by 411.0% in the 2nd quarter. Bank of Montreal Can now owns 2,652 shares of the company’s stock valued at $52,000 after buying an additional 2,133 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in KKR Real Estate Finance Trust by 179.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 5,430 shares of the company’s stock valued at $106,000 after buying an additional 3,490 shares in the last quarter. Nisa Investment Advisors LLC increased its position in KKR Real Estate Finance Trust by 64.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,591 shares of the company’s stock worth $111,000 after buying an additional 2,181 shares during the period. Finally, Strs Ohio increased its position in KKR Real Estate Finance Trust by 15.5% during the 2nd quarter. Strs Ohio now owns 6,700 shares of the company’s stock worth $133,000 after buying an additional 900 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

KREF stock traded up $0.15 during midday trading on Monday, reaching $20.49. 279,542 shares of the company were exchanged, compared to its average volume of 308,965. The company has a debt-to-equity ratio of 3.55, a current ratio of 407.43 and a quick ratio of 407.43. The business has a 50-day moving average price of $19.93 and a two-hundred day moving average price of $19.82. KKR Real Estate Finance Trust has a one year low of $18.54 and a one year high of $20.80. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 2.44 and a beta of 0.23.

KKR Real Estate Finance Trust Company Profile

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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