KKR Real Estate Finance Trust (NYSE:KREF) Raised to “Outperform” at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust (NYSE:KREF) from a market perform rating to an outperform rating in a research report report published on Thursday morning, MarketBeat reports. They currently have $13.00 target price on the stock, up from their previous target price of $11.50.

KREF has been the topic of several other research reports. JPMorgan Chase & Co. cut their target price on KKR Real Estate Finance Trust from $10.00 to $9.50 and set an overweight rating on the stock in a research note on Tuesday, July 16th. BTIG Research reiterated a buy rating and set a $11.50 price objective on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. Finally, JMP Securities reiterated a market outperform rating and set a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $11.71.

KKR Real Estate Finance Trust Trading Down 0.7 %

NYSE KREF opened at $12.15 on Thursday. The stock has a market capitalization of $842.17 million, a price-to-earnings ratio of -26.41 and a beta of 0.99. The stock’s 50 day moving average price is $10.77 and its two-hundred day moving average price is $10.04. The company has a debt-to-equity ratio of 3.86, a quick ratio of 392.62 and a current ratio of 392.62. KKR Real Estate Finance Trust has a 52 week low of $8.71 and a 52 week high of $14.12.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Monday, July 22nd. The company reported ($1.57) EPS for the quarter, missing the consensus estimate of $0.30 by ($1.87). The firm had revenue of $47.60 million during the quarter, compared to the consensus estimate of $45.47 million. KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. The company’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. As a group, analysts anticipate that KKR Real Estate Finance Trust will post 1.35 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.23%. The ex-dividend date of this dividend was Friday, June 28th. KKR Real Estate Finance Trust’s payout ratio is presently -217.39%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of KKR Real Estate Finance Trust by 14.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 804,214 shares of the company’s stock worth $10,640,000 after acquiring an additional 104,360 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of KKR Real Estate Finance Trust by 9.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,148,784 shares of the company’s stock worth $21,617,000 after acquiring an additional 178,603 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of KKR Real Estate Finance Trust during the 1st quarter worth approximately $40,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth approximately $388,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of KKR Real Estate Finance Trust by 17.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock worth $170,000 after acquiring an additional 2,481 shares during the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

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.