KKR Real Estate Finance Trust Inc (NYSE:KREF) Expected to Post Quarterly Sales of $33.71 Million

Equities research analysts predict that KKR Real Estate Finance Trust Inc (NYSE:KREF) will announce sales of $33.71 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for KKR Real Estate Finance Trust’s earnings, with estimates ranging from $31.00 million to $36.42 million. KKR Real Estate Finance Trust posted sales of $25.86 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 30.4%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 6th.

On average, analysts expect that KKR Real Estate Finance Trust will report full-year sales of $123.00 million for the current financial year. For the next year, analysts forecast that the business will report sales of $141.12 million, with estimates ranging from $125.90 million to $156.33 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for KKR Real Estate Finance Trust.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. KKR Real Estate Finance Trust had a return on equity of 8.83% and a net margin of 16.08%. The company had revenue of $32.00 million for the quarter, compared to analyst estimates of $30.76 million.

A number of research firms have recently issued reports on KREF. Zacks Investment Research downgraded shares of KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Citigroup upgraded shares of KKR Real Estate Finance Trust from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday, March 25th. ValuEngine downgraded shares of KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. reduced their price target on shares of KKR Real Estate Finance Trust from $20.50 to $16.50 and set a “neutral” rating for the company in a research report on Tuesday, April 28th. Finally, Raymond James lifted their price target on shares of KKR Real Estate Finance Trust from $19.00 to $19.50 and gave the company an “outperform” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. KKR Real Estate Finance Trust has a consensus rating of “Hold” and an average target price of $17.70.

In related news, Director Christen E.J. Lee acquired 7,920 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $15.27 per share, for a total transaction of $120,938.40. Following the transaction, the director now directly owns 225,651 shares of the company’s stock, valued at approximately $3,445,690.77. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.92% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in KKR Real Estate Finance Trust by 2.8% in the 1st quarter. Bank of New York Mellon Corp now owns 267,715 shares of the company’s stock valued at $4,019,000 after acquiring an additional 7,337 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of KKR Real Estate Finance Trust by 20.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,240 shares of the company’s stock valued at $169,000 after buying an additional 1,874 shares during the period. Invesco Ltd. grew its stake in shares of KKR Real Estate Finance Trust by 7.0% during the 1st quarter. Invesco Ltd. now owns 1,870,761 shares of the company’s stock valued at $28,080,000 after buying an additional 123,163 shares during the period. Rhumbline Advisers grew its stake in shares of KKR Real Estate Finance Trust by 101.9% during the 4th quarter. Rhumbline Advisers now owns 81,384 shares of the company’s stock valued at $1,662,000 after buying an additional 41,078 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of KKR Real Estate Finance Trust by 82.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,415 shares of the company’s stock valued at $51,000 after buying an additional 1,545 shares during the period. Institutional investors own 87.87% of the company’s stock.

KREF traded down $0.67 during trading on Friday, reaching $16.60. The company’s stock had a trading volume of 537,200 shares, compared to its average volume of 607,733. The company’s fifty day moving average price is $16.41 and its 200-day moving average price is $17.82. KKR Real Estate Finance Trust has a 52-week low of $6.84 and a 52-week high of $22.03. The company has a debt-to-equity ratio of 4.19, a quick ratio of 329.54 and a current ratio of 329.54. The company has a market capitalization of $958.11 million, a price-to-earnings ratio of 31.32 and a beta of 0.62.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.72 annualized dividend and a dividend yield of 10.36%. KKR Real Estate Finance Trust’s dividend payout ratio is currently 102.99%.

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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