KKR Real Estate Finance Trust Inc. (NYSE:KREF) Declares $0.25 Quarterly Dividend

KKR Real Estate Finance Trust Inc. (NYSE:KREF) declared a quarterly dividend on Friday, March 14th, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.25 per share on Tuesday, April 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.17%. The ex-dividend date of this dividend is Monday, March 31st.

KKR Real Estate Finance Trust has decreased its dividend payment by an average of 12.5% per year over the last three years. KKR Real Estate Finance Trust has a dividend payout ratio of 72.5% meaning its dividend is sufficiently covered by earnings. Analysts expect KKR Real Estate Finance Trust to earn $1.08 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 92.6%.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF opened at $10.91 on Friday. KKR Real Estate Finance Trust has a 52-week low of $8.71 and a 52-week high of $12.95. The stock’s 50-day simple moving average is $10.89 and its 200 day simple moving average is $11.25. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16. The stock has a market capitalization of $749.33 million, a price-to-earnings ratio of 60.58 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.20. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. Research analysts forecast that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KREF shares. Keefe, Bruyette & Woods decreased their price target on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their target price on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, KKR Real Estate Finance Trust has an average rating of “Buy” and a consensus target price of $12.46.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans.