KKR Real Estate Finance Trust (KREF) To Go Ex-Dividend on June 30th

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) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend 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 payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KKR Real Estate Finance Trust to earn ($0.31) per share next year, which means the company may not be able to cover its $0.40 annual dividend with an expected future payout ratio of -129.0%.

KKR Real Estate Finance Trust Trading Up 2.4%

NYSE KREF opened at $7.17 on Friday. KKR Real Estate Finance Trust has a 12 month low of $5.25 and a 12 month high of $9.98. The company has a current ratio of 407.64, a quick ratio of 407.64 and a debt-to-equity ratio of 3.90. The stock has a 50 day moving average of $6.68 and a 200-day moving average of $7.18. The company has a market cap of $460.71 million, a PE ratio of -3.85 and a beta of 0.84.

KKR Real Estate Finance Trust (NYSE:KREF) last posted 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 firm had revenue of $20.89 million for the quarter, compared to the consensus estimate of $28.76 million. KKR Real Estate Finance Trust had a negative return on equity of 0.78% and a negative net margin of 23.55%. On average, equities research analysts anticipate that KKR Real Estate Finance Trust will post -1.63 EPS 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.