According to Zacks, KKR Real Estate Finance Trust Inc. (NYSE: KREF-Get Rating) announced that it would begin paying a quarterly dividend on Tuesday, September 13th. The announcement was made publicly available. Investors who had their shares on file as of the 30th of September will be eligible to receive a dividend payment of $0.43 per share. This payment will be made to investors who had their shares on file as of the 30th of September. As an immediate result, the dividend yield is calculated to be 8.77%, and the annual payout is calculated to be $1.72. The next Thursday, September 29, is when the dividend will be taken out of the shareholders’ accounts.
The dividend that KKR Real Estate Finance Trust has distributed has increased at a pace equal to an annualized rate of 0.6% on average over the past three years. Because of the trust’s payout ratio of 90.5%, KKR Real Estate Finance Trust’s dividend is currently fully supported by the company’s earnings. On the other hand, if the company’s earnings continue their downward trend, this might not continue to be the case in the future. As a result, KKR Real Estate Finance Trust should be able to pay its $1.72 annual dividend because the company is expected to earn $1.94 per share and has an expected future payout ratio of 88.7%.
NYSE: KREF shares were first offered for trading on Thursday with an opening price of $19.61. The company’s price-to-earnings ratio, which is 10.32, and its beta value, which is 0.73, are very high. According to the market, the corporation’s current valuation is 1.36 billion dollars. The simple moving average of the company’s stock price for the past 50 days is $19.07, and the average price over the last 200 days is $19.38. The debt-to-equity ratio is 3.57, the quick ratio is 430.34 and the current ratio is 430.34. The debt-to-equity ratio is calculated as follows: KKR Real Estate Finance Trust saw its all-time low of $16.47 during the company’s 52-week period, while it reached its all-time high of $23.40 during the same period.
The firm reported earnings per share for the quarter as $0.48, which was $0.07 more than the consensus estimate of $0.41 from financial analysts. The KKR Real Estate Finance Trust had a return on equity of 7.74%, while the net margin for the company was 48.10%. During the same period as the previous year, the company reported $0.54 per share earnings. Profits of 1.92 cents per share are anticipated to be generated by KKR Real Estate Finance Trust during this year, as indicated by the forecasts supplied by equity research experts.
In a separate report published on July 27, Wells Fargo & Firm cut their price objective for KKR Real Estate Finance Trust shares to $22.00 while maintaining their “outperform” rating on the company.
Over the past few months, a wide variety of institutional investors have modified the interests they currently hold in the company. KKR Real Estate Finance Trust boosted its holdings in KKR Real Estate Finance Trust by 15.5% during the first three months of the year. The most recent fiscal quarter witnessed the acquisition of an additional 592,973 shares of the firm’s stock by Vanguard Group Inc. This brings the total number of shares directly owned by the company to 4,422,793, with a value of $91,154,000. During the second quarter, State Street Corporation completed an increase of 14.3 percentage points in the shares of KKR Real Estate Finance Trust that it possessed. State Street Corp now owns 1,694,415 shares after purchasing 212,433 more during the most recent quarter. These shares are $30,279,000 due to State Street Corp’s investment in the company.
During the first three months of 2013, Allianz Asset Management GmbH purchased 18.8 percent of KKR Real Estate Finance Trust’s shares. Allianz Asset Management GmbH now has a total of 1,285,600 shares in the firm, having purchased an additional 203,500 shares during the most recent quarter for a total holdings count of 1,285,600 shares. The value of these shares on the market as of right now is $26,496,000. The amount of KKR Real Estate Finance Trust in which Invesco Ltd. has invested increased by 7.3% throughout the first three months of 2018. Invesco Ltd. now holds 915,199 shares of the company’s stock following the acquisition of an additional 62,080 shares during the most recent quarter. The value of Invesco Ltd.’s current stock holdings is $18,862,000.
Lastly but certainly not least, Northern Trust Corporation increased the percentage of KKR Real Estate Finance Trust shares that it owned by 22.7% during the second quarter. This is not the case and should be considered the least of everything. The Northern Trust Corporation now holds a total of 696,287 shares worth a combined total of $12,151,000. This was accomplished by purchasing an additional 128 923 shares during the most recent fiscal quarter to achieve the desired result. To the tune of 74.91% of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.
The primary focus of KKR Real Estate Finance Trust Inc., a mortgage real estate investment trust, is on the originating of senior loans and acquiring senior loans backed by commercial real estate (CRE) assets. Both of these activities are carried out in the United States. To invest in commercial real estate, it initiates and acquires credit assets such as leveraged and unleveraged commercial mortgage loans, in addition to commercial mortgage-backed securities. MarketBeat tracks the most well-regarded and successful research analysts working on Wall Street, in addition to the firms that these analysts recommend to their clients daily.
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