KKR Real Estate Finance Trust (NYSE:KREF) Declares Quarterly Dividend of $0.10

KKR Real Estate Finance Trust (NYSE:KREF) declared a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.10 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Tuesday, June 30th.

KKR Real Estate Finance Trust has decreased its dividend payment by an average of 0.1%annually over the last three years. KKR Real Estate Finance Trust has a dividend payout ratio of 107.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect KKR Real Estate Finance Trust to earn $0.13 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 769.2%.

KKR Real Estate Finance Trust Stock Down 7.5%

Shares of NYSE:KREF traded down $0.50 during midday trading on Thursday, hitting $6.20. The stock had a trading volume of 4,508,712 shares, compared to its average volume of 1,352,248. KKR Real Estate Finance Trust has a 12 month low of $5.25 and a 12 month high of $9.98. The business’s 50-day simple moving average is $6.66 and its 200-day simple moving average is $7.72. The company has a quick ratio of 407.64, a current ratio of 407.64 and a debt-to-equity ratio of 3.83. The company has a market cap of $398.32 million, a P/E ratio of -5.91 and a beta of 0.91.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.17). The company had revenue of $20.89 million for the quarter, compared to analyst estimates of $28.76 million. KKR Real Estate Finance Trust had a negative return on equity of 1.13% and a negative net margin of 10.80%. On average, sell-side analysts forecast that KKR Real Estate Finance Trust will post 0.11 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust, Inc (NYSE: KREF) is a mortgage real estate investment trust sponsored by KKR & Co Inc The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.

The trust’s investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions.