KKR Real Estate Finance Trust Inc (NASDAQ:KREF) posted its quarterly earnings results on Wednesday. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.01, MarketWatch Earnings reports. KKR Real Estate Finance Trust had a net margin of 60.09% and a return on equity of 7.27%. The company had revenue of $17.45 million during the quarter, compared to the consensus estimate of $17.87 million.

KKR Real Estate Finance Trust (NASDAQ KREF) traded up 0.20% during midday trading on Friday, reaching $19.83. 29,775 shares of the company’s stock traded hands. KKR Real Estate Finance Trust has a 52-week low of $19.57 and a 52-week high of $23.99. The stock has a market cap of $924.71 million and a P/E ratio of 12.84. The company’s 50-day moving average price is $20.97 and its 200-day moving average price is $21.50.

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

Several equities research analysts have weighed in on KREF shares. Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $22.50 price target on shares of KKR Real Estate Finance Trust in a research note on Friday, July 21st. Wells Fargo & Company started coverage on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. They issued a “market perform” rating for the company. Finally, J P Morgan Chase & Co started coverage on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. They issued a “neutral” rating and a $23.00 price target for the company.

A number of hedge funds and other institutional investors have recently modified their holdings of KREF. Nationwide Fund Advisors bought a new position in shares of KKR Real Estate Finance Trust during the second quarter valued at approximately $128,000. Rhumbline Advisers acquired a new position in shares of KKR Real Estate Finance Trust during the second quarter valued at about $235,000. New York State Common Retirement Fund acquired a new position in shares of KKR Real Estate Finance Trust during the second quarter valued at about $239,000. Teachers Advisors LLC acquired a new position in shares of KKR Real Estate Finance Trust during the second quarter valued at about $404,000. Finally, TIAA CREF Investment Management LLC acquired a new position in shares of KKR Real Estate Finance Trust during the second quarter valued at about $599,000.

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About KKR Real Estate Finance Trust

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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