KKR Real Estate Finance Trust Plans Quarterly Dividend of $0.25 (NYSE:KREF)

KKR Real Estate Finance Trust (NYSE:KREF) declared a quarterly dividend on Wednesday, December 10th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.25 per share on Thursday, January 15th. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date is Wednesday, December 31st.

KKR Real Estate Finance Trust has decreased its dividend by an average of 0.1%per year over the last three years. KKR Real Estate Finance Trust has a 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 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

NYSE KREF traded up $0.03 during trading on Thursday, reaching $8.86. The company’s stock had a trading volume of 31,633 shares, compared to its average volume of 662,029. The business’s fifty day moving average price is $8.44 and its 200-day moving average price is $8.96. The company has a debt-to-equity ratio of 3.63, a quick ratio of 423.43 and a current ratio of 423.43. The firm has a market cap of $579.91 million, a price-to-earnings ratio of -25.28 and a beta of 0.89. KKR Real Estate Finance Trust has a twelve month low of $7.78 and a twelve month high of $11.59.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Tuesday, October 21st. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). KKR Real Estate Finance Trust had a negative return on equity of 0.60% and a negative net margin of 0.12%.The firm had revenue of $31.41 million during the quarter, compared to analyst estimates of $29.90 million. As a group, analysts anticipate that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

Insider Activity

In other news, COO W Patrick Mattson acquired 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price of $7.91 per share, with a total value of $102,830.00. Following the purchase, the chief operating officer owned 386,787 shares of the company’s stock, valued at approximately $3,059,485.17. This trade represents a 3.48% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Christen E.J. Lee acquired 10,000 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average cost of $7.80 per share, for a total transaction of $78,000.00. Following the completion of the transaction, the director directly owned 229,133 shares of the company’s stock, valued at $1,787,237.40. This represents a 4.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 55,000 shares of company stock valued at $431,710. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP bought a new position in shares of KKR Real Estate Finance Trust in the first quarter worth about $28,000. Geneos Wealth Management Inc. lifted its stake in KKR Real Estate Finance Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock valued at $30,000 after buying an additional 1,725 shares during the period. EverSource Wealth Advisors LLC grew its holdings in KKR Real Estate Finance Trust by 742.0% during the second quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company’s stock valued at $36,000 after purchasing an additional 3,658 shares during the period. Allworth Financial LP lifted its holdings in KKR Real Estate Finance Trust by 3,904.6% during the second quarter. Allworth Financial LP now owns 4,365 shares of the company’s stock worth $38,000 after acquiring an additional 4,256 shares in the last quarter. Finally, Cloud Capital Management LLC bought a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at about $48,000. 70.23% of the stock is owned by institutional investors and hedge funds.

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.