Shares of KKR Real Estate Finance Trust Inc (NASDAQ:KREF) have been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.

Brokerages have set a twelve-month consensus target price of $21.00 for the company, according to Zacks. Zacks has also assigned KKR Real Estate Finance Trust an industry rank of 95 out of 265 based on the ratings given to its competitors.

Several analysts have issued reports on KREF shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $22.50 price objective on shares of KKR Real Estate Finance Trust in a research note on Friday, July 21st. Zacks Investment Research upgraded KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, August 1st.

KKR Real Estate Finance Trust (NASDAQ KREF) remained flat at $20.54 during mid-day trading on Tuesday. 124,674 shares of the company were exchanged. The firm’s 50-day moving average is $21.19 and its 200 day moving average is $21.25. KKR Real Estate Finance Trust has a 12-month low of $19.57 and a 12-month high of $23.99. The firm has a market cap of $1.10 billion and a PE ratio of 13.30.

KKR Real Estate Finance Trust (NASDAQ:KREF) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $17.45 million during the quarter, compared to the consensus estimate of $17.87 million. KKR Real Estate Finance Trust had a net margin of 64.81% and a return on equity of 6.60%. Analysts anticipate that KKR Real Estate Finance Trust will post $1.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Saturday, September 30th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 7.21%. The ex-dividend date of this dividend was Thursday, September 28th.

In other news, CEO Christen E.J. Lee bought 17,100 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were bought at an average price of $19.95 per share, with a total value of $341,145.00. Following the completion of the transaction, the chief executive officer now owns 36,957 shares of the company’s stock, valued at $737,292.15. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors acquired a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $128,000. The Manufacturers Life Insurance Company acquired a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $154,000. Tower Research Capital LLC TRC acquired a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $187,000. Rhumbline Advisers acquired a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $235,000. Finally, New York State Common Retirement Fund acquired a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $239,000.

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KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds.

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