Analysts Set KKR Real Estate Finance Trust Inc. (NYSE:KREF) Target Price at $12.75

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have earned an average rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $12.75.

Several equities research analysts recently weighed in on KREF shares. Wells Fargo & Company lifted their price target on 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. Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $11.50 to $13.00 in a report on Thursday, September 5th. Raymond James decreased their price target on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. JMP Securities boosted their price objective on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. cut their price objective on shares of KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating on the stock in a report on Monday, December 9th.

KKR Real Estate Finance Trust Trading Up 1.1 %

NYSE:KREF opened at $10.21 on Friday. KKR Real Estate Finance Trust has a 12 month low of $8.71 and a 12 month high of $13.29. 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 company has a 50-day moving average price of $11.27 and a 200-day moving average price of $11.16. The stock has a market cap of $710.34 million, a price-to-earnings ratio of -34.03 and a beta of 0.98.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. The business had revenue of $140.15 million for the quarter, compared to analysts’ expectations of $39.52 million. During the same period in the previous year, the firm posted $0.47 EPS. Equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.79%. KKR Real Estate Finance Trust’s dividend payout ratio is currently -333.33%.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

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

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.