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 received an average rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is $12.46.

Several research analysts have recently commented on KREF shares. Keefe, Bruyette & Woods lowered their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Finally, JMP Securities raised their price objective on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th.

KKR Real Estate Finance Trust Trading Down 2.5 %

Shares of KREF stock opened at $11.00 on Monday. The company has a 50-day moving average of $10.54 and a two-hundred day moving average of $11.33. The company has a debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 296.16. KKR Real Estate Finance Trust has a 1-year low of $8.71 and a 1-year high of $12.95. The firm has a market cap of $755.51 million, a PE ratio of 61.08 and a beta of 1.00.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.08 by $0.20. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. On average, analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.10%. The ex-dividend date was Tuesday, December 31st. KKR Real Estate Finance Trust’s payout ratio is currently 555.56%.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of KKR Real Estate Finance Trust by 144.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,896 shares of the company’s stock valued at $1,802,000 after acquiring an additional 86,327 shares during the last quarter. Barclays PLC grew its holdings in shares of KKR Real Estate Finance Trust by 311.8% in the 3rd quarter. Barclays PLC now owns 99,319 shares of the company’s stock valued at $1,226,000 after buying an additional 75,200 shares during the period. Algert Global LLC grew its holdings in shares of KKR Real Estate Finance Trust by 88.6% in the 3rd quarter. Algert Global LLC now owns 166,373 shares of the company’s stock valued at $2,055,000 after buying an additional 78,180 shares during the period. Zacks Investment Management bought a new stake in KKR Real Estate Finance Trust in the 3rd quarter valued at $2,792,000. Finally, Drive Wealth Management LLC bought a new stake in KKR Real Estate Finance Trust in the 3rd quarter valued at $898,000. Hedge funds and other 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.