KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives $12.46 Average PT from Analysts

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $12.46.

A number of research firms have recently issued reports on KREF. Raymond James lowered 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 research report on Wednesday, October 23rd. Keefe, Bruyette & Woods lowered their price objective on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, JMP Securities boosted their price objective on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th.

Institutional Trading of KKR Real Estate Finance Trust

A number of hedge funds have recently made changes to their positions in the business. Drive Wealth Management LLC increased its stake in KKR Real Estate Finance Trust by 18.8% during the 4th quarter. Drive Wealth Management LLC now owns 84,718 shares of the company’s stock worth $877,000 after acquiring an additional 13,432 shares during the period. Barclays PLC increased its stake in KKR Real Estate Finance Trust by 311.8% during the 3rd quarter. Barclays PLC now owns 99,319 shares of the company’s stock worth $1,226,000 after acquiring an additional 75,200 shares during the period. Abel Hall LLC bought a new position in KKR Real Estate Finance Trust during the 3rd quarter worth $138,000. Zacks Investment Management bought a new position in KKR Real Estate Finance Trust during the 3rd quarter worth $2,792,000. Finally, Stifel Financial Corp increased its stake in KKR Real Estate Finance Trust by 420.7% during the 3rd quarter. Stifel Financial Corp now owns 116,113 shares of the company’s stock worth $1,434,000 after acquiring an additional 93,813 shares during the period. 70.23% of the stock is owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Stock Down 0.3 %

KREF opened at $10.08 on Thursday. The business has a 50 day moving average price of $10.81 and a 200 day moving average price of $11.29. KKR Real Estate Finance Trust has a twelve month low of $8.71 and a twelve month high of $13.19. The company has a debt-to-equity ratio of 3.75, a quick ratio of 277.63 and a current ratio of 277.63. The firm has a market cap of $701.16 million, a P/E ratio of -33.59 and a beta of 1.00.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.92%. KKR Real Estate Finance Trust’s payout ratio is -333.33%.

KKR Real Estate Finance Trust Company Profile

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.