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

KKR Real Estate Finance Trust Inc. (NYSE:KREF) has received an average recommendation of “Buy” from the six research firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.46.

Several analysts recently weighed in on KREF shares. Keefe, Bruyette & Woods decreased their price objective on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a report on Tuesday, January 14th. Raymond James decreased their price objective on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price objective on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, JMP Securities lifted their price objective on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in KKR Real Estate Finance Trust by 144.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,896 shares of the company’s stock worth $1,802,000 after purchasing an additional 86,327 shares in the last quarter. Barclays PLC increased its holdings in shares of KKR Real Estate Finance Trust by 311.8% during the third quarter. Barclays PLC now owns 99,319 shares of the company’s stock valued at $1,226,000 after acquiring an additional 75,200 shares in the last quarter. Algert Global LLC increased its holdings in shares of KKR Real Estate Finance Trust by 88.6% during the third quarter. Algert Global LLC now owns 166,373 shares of the company’s stock valued at $2,055,000 after acquiring an additional 78,180 shares in the last quarter. Zacks Investment Management acquired a new position in shares of KKR Real Estate Finance Trust during the third quarter valued at about $2,792,000. Finally, Drive Wealth Management LLC acquired a new position in shares of KKR Real Estate Finance Trust during the third quarter valued at about $898,000. 70.23% of the stock is currently owned by institutional investors.

KKR Real Estate Finance Trust Stock Down 2.2 %

Shares of KREF opened at $10.02 on Thursday. The firm has a market capitalization of $697.19 million, a P/E ratio of -33.40 and a beta of 1.00. KKR Real Estate Finance Trust has a 12-month low of $8.71 and a 12-month high of $13.09. The company has a current ratio of 277.63, a quick ratio of 277.63 and a debt-to-equity ratio of 3.75. The firm has a fifty day moving average price of $10.73 and a 200-day moving average price of $11.30.

KKR Real Estate Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued 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 9.98%. KKR Real Estate Finance Trust’s dividend payout ratio is presently -333.33%.

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.