KKR Real Estate Finance Trust (NYSE:KREF) Receives $11.88 Consensus PT from Brokerages

KKR Real Estate Finance Trust (NYSE:KREF) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $11.88.

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut shares of KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating and set a $10.75 target price on the stock. in a research note on Monday, April 7th. JMP Securities restated a “market outperform” rating and set a $12.00 target price on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of KKR Real Estate Finance Trust from $11.50 to $9.50 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th.

Institutional Trading of KKR Real Estate Finance Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings in KKR Real Estate Finance Trust by 9,954.2% in the 1st quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company’s stock valued at $26,000 after acquiring an additional 2,389 shares during the last quarter. Quarry LP bought a new stake in KKR Real Estate Finance Trust in the 1st quarter valued at $28,000. GAMMA Investing LLC increased its holdings in shares of KKR Real Estate Finance Trust by 2,508.7% in the 1st quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock worth $58,000 after buying an additional 5,193 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of KKR Real Estate Finance Trust in the 1st quarter worth about $66,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of KKR Real Estate Finance Trust in the 4th quarter worth about $96,000. 70.23% of the stock is currently owned by institutional investors.

KKR Real Estate Finance Trust Trading Down 0.3%

Shares of KKR Real Estate Finance Trust stock opened at $9.17 on Friday. The company’s fifty day simple moving average is $9.17 and its 200-day simple moving average is $10.08. The stock has a market capitalization of $621.48 million, a PE ratio of 57.28 and a beta of 0.92. KKR Real Estate Finance Trust has a 1-year low of $8.28 and a 1-year high of $12.95. The company has a debt-to-equity ratio of 3.77, a current ratio of 413.32 and a quick ratio of 413.32.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Wednesday, April 23rd. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.32). KKR Real Estate Finance Trust had a net margin of 6.42% and a return on equity of 5.90%. The firm had revenue of $31.34 million for the quarter, compared to analysts’ expectations of $34.77 million. As a group, equities analysts anticipate that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.25 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 10.91%. KKR Real Estate Finance Trust’s dividend payout ratio is currently 625.00%.

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.