$30.32 Million in Sales Expected for KKR Real Estate Finance Trust Inc (NYSE:KREF) This Quarter

Wall Street analysts forecast that KKR Real Estate Finance Trust Inc (NYSE:KREF) will post sales of $30.32 million for the current quarter, Zacks reports. Two analysts have made estimates for KKR Real Estate Finance Trust’s earnings, with the lowest sales estimate coming in at $29.50 million and the highest estimate coming in at $31.14 million. KKR Real Estate Finance Trust reported sales of $51.90 million in the same quarter last year, which would suggest a negative year over year growth rate of 41.6%. The firm is expected to issue its next earnings report after the market closes on Wednesday, October 30th.

On average, analysts expect that KKR Real Estate Finance Trust will report full-year sales of $121.44 million for the current year, with estimates ranging from $115.60 million to $129.00 million. For the next financial year, analysts forecast that the firm will report sales of $140.58 million, with estimates ranging from $127.50 million to $154.00 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that follow KKR Real Estate Finance Trust.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). The firm had revenue of $25.86 million during the quarter, compared to the consensus estimate of $27.50 million. KKR Real Estate Finance Trust had a return on equity of 7.86% and a net margin of 35.11%.

Separately, Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $21.50.

In other news, CEO Christen E.J. Lee purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of $19.15 per share, with a total value of $95,750.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.89% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio increased its stake in KKR Real Estate Finance Trust by 15.5% in the second quarter. Strs Ohio now owns 6,700 shares of the company’s stock valued at $133,000 after acquiring an additional 900 shares during the last quarter. Wiley BROS. Aintree Capital LLC boosted its position in KKR Real Estate Finance Trust by 4.6% during the second quarter. Wiley BROS. Aintree Capital LLC now owns 23,984 shares of the company’s stock valued at $478,000 after buying an additional 1,060 shares during the period. United Services Automobile Association boosted its position in KKR Real Estate Finance Trust by 8.7% during the second quarter. United Services Automobile Association now owns 19,122 shares of the company’s stock valued at $381,000 after buying an additional 1,537 shares during the period. Nisa Investment Advisors LLC boosted its position in KKR Real Estate Finance Trust by 30.7% during the third quarter. Nisa Investment Advisors LLC now owns 7,308 shares of the company’s stock valued at $143,000 after buying an additional 1,717 shares during the period. Finally, Bank of Montreal Can boosted its position in KKR Real Estate Finance Trust by 411.0% during the second 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 during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust stock opened at $19.74 on Friday. The stock has a market cap of $1.12 billion, a P/E ratio of 10.28, a PEG ratio of 2.40 and a beta of 0.22. KKR Real Estate Finance Trust has a fifty-two week low of $18.54 and a fifty-two week high of $21.00. The firm’s fifty day moving average price is $19.49 and its 200-day moving average price is $19.88. The company has a debt-to-equity ratio of 3.42, a quick ratio of 637.35 and a current ratio of 637.35.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.72 annualized dividend and a dividend yield of 8.71%. KKR Real Estate Finance Trust’s payout ratio is currently 89.58%.

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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