KKR Real Estate Finance Trust Inc. (NYSE:KREF) Given Average Recommendation of “Buy” by Brokerages

KKR Real Estate Finance Trust Inc. (NYSE:KREF) has earned a consensus rating of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Six equities research 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.

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. cut their price target 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.

KKR Real Estate Finance Trust Stock Up 0.7 %

NYSE:KREF opened at $11.28 on Friday. The stock has a fifty day simple moving average of $10.78 and a 200-day simple moving average of $11.28. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50. The company has a market cap of $774.75 million, a price-to-earnings ratio of 62.64 and a beta of 0.99. KKR Real Estate Finance Trust has a twelve month low of $8.71 and a twelve month high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Monday, February 3rd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates 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%. Analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.87%. The ex-dividend date is Monday, March 31st. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is 555.56%.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Several institutional investors and hedge funds have recently bought and sold shares of KREF. KLP Kapitalforvaltning AS acquired a new position in shares of KKR Real Estate Finance Trust in the fourth quarter worth $96,000. Caxton Associates LP acquired a new stake in shares of KKR Real Estate Finance Trust during the 4th quarter valued at about $110,000. Sherbrooke Park Advisers LLC bought a new stake in shares of KKR Real Estate Finance Trust in the 4th quarter valued at approximately $119,000. First Trust Advisors LP bought a new stake in KKR Real Estate Finance Trust during the fourth quarter worth about $129,000. Finally, Abel Hall LLC bought a new position in shares of KKR Real Estate Finance Trust in the third quarter valued at about $138,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

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.