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

Shares of KKR Real Estate Finance Trust (NYSE:KREF) have been given an average recommendation of “Hold” by the seven research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $10.45.

KREF has been the topic of a number of research analyst reports. BTIG Research reissued a “buy” rating and issued a $13.00 price target on shares of KKR Real Estate Finance Trust in a research note on Monday. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $9.00 target price (down previously from $9.50) on shares of KKR Real Estate Finance Trust in a report on Monday, October 20th. Wells Fargo & Company decreased their price target on KKR Real Estate Finance Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Weiss Ratings restated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods cut their price objective on KKR Real Estate Finance Trust from $8.75 to $8.25 and set a “market perform” rating on the stock in a report on Thursday, January 8th.

Insider Buying and Selling at KKR Real Estate Finance Trust

In other KKR Real Estate Finance Trust news, COO W Patrick Mattson acquired 13,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price of $7.91 per share, for a total transaction of $102,830.00. Following the completion of the acquisition, the chief operating officer owned 386,787 shares of the company’s stock, valued at approximately $3,059,485.17. This trade represents a 3.48% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew A. Salem bought 32,000 shares of KKR Real Estate Finance Trust stock in a transaction on Thursday, November 6th. The shares were acquired at an average price of $7.84 per share, for a total transaction of $250,880.00. Following the completion of the acquisition, the chief executive officer owned 561,825 shares in the company, valued at $4,404,708. This represents a 6.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 55,000 shares of company stock worth $431,710. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KREF. Geneos Wealth Management Inc. raised its position in KKR Real Estate Finance Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock valued at $30,000 after purchasing an additional 1,725 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in KKR Real Estate Finance Trust by 742.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company’s stock valued at $36,000 after acquiring an additional 3,658 shares in the last quarter. Allworth Financial LP lifted its stake in KKR Real Estate Finance Trust by 3,904.6% in the second quarter. Allworth Financial LP now owns 4,365 shares of the company’s stock worth $38,000 after acquiring an additional 4,256 shares during the last quarter. Cloud Capital Management LLC purchased a new position in KKR Real Estate Finance Trust in the third quarter worth approximately $48,000. Finally, Tower Research Capital LLC TRC grew its holdings in KKR Real Estate Finance Trust by 64.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company’s stock worth $50,000 after acquiring an additional 2,238 shares in the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Stock Performance

Shares of KKR Real Estate Finance Trust stock opened at $8.29 on Tuesday. The firm has a market cap of $543.17 million, a PE ratio of -23.70 and a beta of 0.88. The company has a quick ratio of 423.43, a current ratio of 423.43 and a debt-to-equity ratio of 3.63. KKR Real Estate Finance Trust has a 52 week low of $7.55 and a 52 week high of $11.53. The business’s fifty day simple moving average is $8.35 and its 200-day simple moving average is $8.75.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 12.1%. KKR Real Estate Finance Trust’s dividend payout ratio is -285.71%.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust, Inc (NYSE: KREF) is a mortgage real estate investment trust sponsored by KKR & Co Inc The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.

The trust’s investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions.