KKR Real Estate Finance Trust Inc (KREF) to Release Earnings on Wednesday

KKR Real Estate Finance Trust Inc (NASDAQ:KREF) is scheduled to release its earnings data before the market opens on Wednesday, August 9th. Analysts expect KKR Real Estate Finance Trust to post earnings of $0.30 per share for the quarter.

KKR Real Estate Finance Trust (NASDAQ:KREF) last posted its quarterly earnings data on Wednesday, June 14th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $12.91 million during the quarter, compared to analysts’ expectations of $13.01 million. KKR Real Estate Finance Trust had a net margin of 60.09% and a return on equity of 7.27%. On average, analysts expect KKR Real Estate Finance Trust to post $1.34 EPS for the current fiscal year and $1.79 EPS for the next fiscal year.

Shares of KKR Real Estate Finance Trust Inc (KREF) opened at 20.24 on Tuesday. The firm has a 50-day moving average of $21.19 and a 200 day moving average of $21.65. The firm has a market cap of $1.09 billion and a PE ratio of 11.10. KKR Real Estate Finance Trust Inc has a 52-week low of $20.10 and a 52-week high of $23.99.

The business also recently announced an annual dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, June 28th.

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods assumed coverage on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 30th. They issued a “market perform” rating and a $22.50 target price for the company. Wells Fargo & Company assumed coverage on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 30th. They issued a “market perform” rating for the company. Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Tuesday, August 1st. Finally, J P Morgan Chase & Co assumed coverage on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 30th. They issued a “neutral” rating and a $23.00 target price for the company.

In other news, Director Deborah H. Mcaneny acquired 7,500 shares of the stock in a transaction dated Wednesday, May 10th. The stock was bought at an average price of $20.50 per share, with a total value of $153,750.00. Following the completion of the purchase, the director now directly owns 9,939 shares of the company’s stock, valued at approximately $203,749.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds.

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