KKR Real Estate Finance Trust (NYSE:KREF) Price Target Cut to $10.50 by Analysts at JPMorgan Chase & Co.

KKR Real Estate Finance Trust (NYSE:KREF) had its target price reduced by JPMorgan Chase & Co. from $11.50 to $10.50 in a report released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research firms also recently issued reports on KREF. Raymond James cut their price objective on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods cut their price target on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Finally, JMP Securities lifted their price target on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KKR Real Estate Finance Trust currently has a consensus rating of “Buy” and a consensus price target of $12.46.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE KREF opened at $10.45 on Tuesday. The stock has a market cap of $726.69 million, a P/E ratio of -34.82 and a beta of 1.00. The firm’s 50-day simple moving average is $10.88 and its 200 day simple moving average is $11.28. KKR Real Estate Finance Trust has a fifty-two week low of $8.71 and a fifty-two week high of $13.19. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Monday, October 21st. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $140.15 million for the quarter, compared to the consensus estimate of $39.52 million. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. During the same period in the previous year, the firm earned $0.47 EPS. Equities analysts expect that KKR Real Estate Finance Trust will post 1.4 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.57%. The ex-dividend date of this dividend was Tuesday, December 31st. KKR Real Estate Finance Trust’s dividend payout ratio is -333.33%.

Institutional Trading of KKR Real Estate Finance Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KREF. Future Financial Wealth Managment LLC acquired a new stake in KKR Real Estate Finance Trust during the 3rd quarter worth $25,000. Abel Hall LLC acquired a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter valued at approximately $138,000. First Trust Direct Indexing L.P. increased its stake in KKR Real Estate Finance Trust by 24.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company’s stock worth $159,000 after purchasing an additional 2,546 shares in the last quarter. Intech Investment Management LLC acquired a new stake in KKR Real Estate Finance Trust during the 3rd quarter worth approximately $197,000. Finally, Creative Planning lifted its stake in KKR Real Estate Finance Trust by 37.0% in the third quarter. Creative Planning now owns 21,524 shares of the company’s stock valued at $266,000 after buying an additional 5,809 shares in the last quarter. 70.23% of the stock is currently owned by institutional investors and hedge funds.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans.