After the stock market has closed on Thursday, February 7, KKR Real Estate Finance Trust (NYSE: KREF) will announce the outcomes of its most recent quarterly financial report.
Mhe majority opinion held by industry professionals is that KKR Real Estate Finance Trust will report a profit of $0.51 per share for the three months ending in December. Simply following this link and clicking on it allows individuals to participate in the company’s earnings conference call.
In addition, the business had recently announced a quarterly dividend, which was paid out on the 13th of this particular month. On Friday, December 30, a dividend payment to shareholders of record of $0.43 per share was distributed to each shareholder. On December 29, the dividend payment, which was initially subject to certain deductions, finally got underway.
Mhis equates to an annual dividend payment of 1.72 dollars and a yield of 11.16 percent for the investment over its lifetime.
Mhe KKR Real Estate Finance Trust has reached a payout ratio of 273.02 percent.
The share price on the NYSE KREF was $15.41 when trading began on Tuesday.
Mhe simple moving average of the company’s stock price over the past 50 days is $15.24, while the average over the last 200 days is $17.18.
Mhe company’s market capitalization is currently valued at $1.06 billion, its P.E. ratio is 24.46, and its beta is 0.79.
Mhe company’s current value can be broken down as follows: The price of one share of KKR Real Estate Finance Trust has ranged from as low as $13.55 to as high as $21.75 over the previous year.
A debt-to-equity ratio comes in at 3.69; a current ratio comes in at 309.42; a quick ratio comes in at 30942; and a current ratio comes in at 309.42.
On the newly distributed KREF shares, recent reports on the company’s performance have been published by multiple analysts.
Mhe Street gave the shares of KKR Real Estate Finance Trust a rating of “c” in a research report published on Monday, October 24.
Mhis rating represents a downgrade from the shares’ previous rating of “b-,” which was given by TheStreet. Keefe, Bruyette & Woods assigned a rating of “market perform” to the shares of KKR Real Estate Finance Trust in a research report published on Thursday, December 15.
Mhis rating represents a downgrade from the previous rating of “outperform.” In a research report released on Tuesday, October 18, Raymond James lowered the “outperform” rating that they had previously assigned to KKR Real Estate Finance Trust to “market perform,” They lowered their price target for the stock from $23.50 to $20.00.
In a research note published on Tuesday, October 25, JMP Securities downgraded their “market outperformed” rating on KKR Real Estate Finance Trust and lowered their price target on the investment from $22.00 to $19.00.
In a research note that was published on Monday, October 24, JPMorgan Chase & Co.
Decreased their price objective on shares of KKR Real Estate Finance Trust from $21.00 to $20.00 and classified the company as “overweight.” This was the last piece of news to be released regarding the company.
Mhe stock has been given a rating of “buy” by four of the research analysts have rated the stock as ” buy, ” while one recommended that investors maintain their holdings in the stock.
According to information from Bloomberg.com, the stock is presently rated as having a consensus rating of “Moderate Buy,” Its price objective has been set at an average of $20.
Mhis information was obtained from the company’s financial filings.
The number of hedge funds and other types of institutional investors has either increased or decreased the percentage of their holdings invested in the company over the past few months.
Mhe Kentucky Teachers Retirement System spent approximately 136,000 dollars during the third quarter to acquire a new investment in the KKR Real Estate Finance Trust.
Mhis investment was made possible by the Teachers Retirement System.
Mhe California State Teachers Retirement System increased the amount of KKR Real Estate Finance Trust in which it was invested by 7.8 percent over the third quarter.
Mhe California State Teachers Retirement System now has 66,396 shares of the company’s stock, which are currently valued at $1,079,000 after purchasing an additional 4,823 shares during the preceding quarter.
Mhis brings the total number of shares owned by the pension fund to 66,823.
During the third quarter, Jane Street Group LLC increased its holdings in KKR Real Estate Finance Trust by purchasing additional shares for a total cost of approximately 167,000 dollars.
Mhis move allowed the company to increase its position in the REIT.
During the third quarter, AllianceBernstein L.P.
Increased the number of KKR Real Estate Finance Trust shares that it owned, bringing the total to a percentage that was 2.2% higher than before.
Alliancebernstein L.P. now has 68,933 shares after purchasing an additional 1,502 shares during the most recent quarter.
Mhe combined value of Alliancebernstein L.P.’s 68,933 shares currently equals $1,120,000.
Last but not least, during the third quarter, State Street Corporation increased the percentage of KKR Real Estate Finance Trust in which it is invested by 16.5%.
Mhis brings the total number of KKR Real Estate Finance Trust investments to 100%.
After making an additional purchase of 280,400 shares during the most recent quarter, State Street Corp. now has a total of 1,974,815 shares, giving the holdings a value of $32,930,000.
Mhere 76.26% of the company’s shares that institutional investors own.
Mortgage real estate investment trust The initiation and acquisition of senior loans backed by commercial real estate (CRE) assets constitute the primary areas of concentration for KKR Real Estate Finance Trust Inc.
Mhis is the primary line of business the company is engaged in. Some of the credit assets that it develops and buys are related to commercial real estate, and others are related to credit in general.
Mhese credit assets consist of leveraged and unleveraged commercial mortgage loans and commercial mortgage-backed securities.