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

KKR Real Estate Finance Trust Inc. (NYSE:KREF) has been given an average rating of “Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $12.46.

Several research analysts recently commented on KREF shares. JPMorgan Chase & Co. reduced their target price on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods decreased their target price 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 report on Tuesday, January 14th. JMP Securities increased their price target on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Raymond James decreased their price objective on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd.

Institutional Trading of KKR Real Estate Finance Trust

Hedge funds have recently modified their holdings of the company. Azora Capital LP acquired a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter worth approximately $20,167,000. GFS Advisors LLC boosted its stake in KKR Real Estate Finance Trust by 9,591.3% in the third quarter. GFS Advisors LLC now owns 290,740 shares of the company’s stock worth $3,591,000 after purchasing an additional 287,740 shares in the last quarter. Zacks Investment Management bought a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth $2,792,000. Van ECK Associates Corp increased its stake in shares of KKR Real Estate Finance Trust by 27.6% in the third quarter. Van ECK Associates Corp now owns 455,291 shares of the company’s stock valued at $5,372,000 after buying an additional 98,400 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of KKR Real Estate Finance Trust in the third quarter valued at about $1,201,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Down 1.1 %

NYSE KREF opened at $10.32 on Thursday. KKR Real Estate Finance Trust has a twelve month low of $8.71 and a twelve month high of $13.19. The stock has a market cap of $717.75 million, a PE ratio of -34.39 and a beta of 1.00. The firm has a 50-day simple moving average of $10.86 and a 200 day simple moving average of $11.27. The company has a debt-to-equity ratio of 3.75, a quick ratio of 277.63 and a current ratio of 277.63.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Monday, October 21st. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $140.15 million during the quarter, compared to the consensus estimate of $39.52 million. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. During the same quarter last year, the company earned $0.47 EPS. On average, research analysts forecast that KKR Real Estate Finance Trust will post 1.4 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.69%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -333.32%.

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.