KKR Real Estate Finance Trust (KREF) to Issue Quarterly Dividend of $0.10 on October 15th

KKR Real Estate Finance Trust (NYSE:KREF) announced a quarterly dividend on Friday, September 18th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, September 30th.

KKR Real Estate Finance Trust has decreased its dividend by an average of 0.1%annually over the last three years. KKR Real Estate Finance Trust has a dividend payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect KKR Real Estate Finance Trust to earn $0.03 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 1,333.3%.

KKR Real Estate Finance Trust Trading Up 0.4%

KREF opened at $6.38 on Monday. The firm’s fifty day moving average is $7.30 and its two-hundred day moving average is $6.90. The firm has a market cap of $373.45 million, a PE ratio of -1.94 and a beta of 0.83. KKR Real Estate Finance Trust has a twelve month low of $5.25 and a twelve month high of $9.43. The company has a debt-to-equity ratio of 4.36, a quick ratio of 407.64 and a current ratio of 407.64.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings results on Tuesday, July 21st. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.02). KKR Real Estate Finance Trust had a negative net margin of 47.33% and a negative return on equity of 1.53%. The firm had revenue of $29.34 million during the quarter, compared to analyst estimates of $24.97 million. Equities research analysts anticipate that KKR Real Estate Finance Trust will post 0.28 EPS for the current year.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc (NYSE: KREF) is a publicly traded real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily provides senior loans secured by institutional-quality properties, with a focus on generating income from commercial real estate credit investments.

KREF’s investments are generally backed by properties in sectors such as multifamily, office, industrial, hospitality and other commercial real estate categories.