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

KKR Real Estate Finance Trust Inc. (NYSE:KREF) has received an average rating of “Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.83.

A number of research firms have recently weighed in on KREF. Wells Fargo & Company increased their target price on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Raymond James decreased their target price on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods raised KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and upped their price target for the company from $11.50 to $13.00 in a research report on Thursday, September 5th. JMP Securities lifted their price objective on 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. Finally, JPMorgan Chase & Co. boosted their price objective on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th.

KKR Real Estate Finance Trust Stock Down 1.7 %

KREF stock opened at $11.26 on Friday. The stock has a market cap of $783.36 million, a P/E ratio of -37.53 and a beta of 0.99. The company has a current ratio of 277.63, a quick ratio of 277.63 and a debt-to-equity ratio of 3.75. The stock’s fifty day simple moving average is $11.98 and its two-hundred day simple moving average is $10.79. KKR Real Estate Finance Trust has a 1-year low of $8.71 and a 1-year high of $14.12.

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

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.88%. KKR Real Estate Finance Trust’s payout ratio is -333.32%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KREF. Future Financial Wealth Managment LLC purchased a new stake in shares of KKR Real Estate Finance Trust in the third quarter worth about $25,000. EntryPoint Capital LLC purchased a new stake in KKR Real Estate Finance Trust in the 1st quarter worth approximately $54,000. Abel Hall LLC bought a new position in KKR Real Estate Finance Trust in the 3rd quarter valued at $138,000. First Trust Direct Indexing L.P. grew its position in shares of 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 valued at $159,000 after purchasing an additional 2,546 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at $138,000. Institutional investors own 70.23% of the company’s stock.

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.