KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives Average Rating of “Buy” from Analysts

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have earned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have covered the stock in the last year is $12.46.

KREF has been the topic of a number of analyst reports. Keefe, Bruyette & Woods dropped their target price 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. decreased their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. 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 report on Wednesday, October 23rd. Finally, JMP Securities upped their target price on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock opened at $11.30 on Monday. The stock has a market cap of $776.08 million, a PE ratio of 62.75 and a beta of 1.00. KKR Real Estate Finance Trust has a 52-week low of $8.71 and a 52-week high of $12.95. The business has a 50-day simple moving average of $10.57 and a 200-day simple moving average of $11.31. The company has a quick ratio of 277.63, a current ratio of 296.16 and a debt-to-equity ratio of 3.50.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.08 by $0.20. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. On average, equities analysts expect that KKR Real Estate Finance Trust will post 1.05 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. Stockholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.85%. KKR Real Estate Finance Trust’s dividend payout ratio is currently 555.56%.

Institutional Trading of KKR Real Estate Finance Trust

Hedge funds have recently modified their holdings of the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter worth approximately $96,000. Abel Hall LLC purchased a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter valued at $138,000. First Trust Advisors LP acquired a new stake in KKR Real Estate Finance Trust during the 4th quarter worth $129,000. First Trust Direct Indexing L.P. lifted its position in KKR Real Estate Finance Trust by 24.6% in the third quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company’s stock valued at $159,000 after acquiring an additional 2,546 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter worth about $159,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.

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.