KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives Consensus Rating of “Buy” from Analysts

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have received a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $12.75.

A number of equities analysts have recently commented on the stock. Raymond James reduced their price objective on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. JMP Securities raised their price target on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their price target on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. cut their price objective on KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating for the company in a report on Monday, December 9th.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Several hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 valued at $1,802,000 after purchasing an additional 86,327 shares during the period. Barclays PLC grew its stake in KKR Real Estate Finance Trust by 311.8% in the 3rd quarter. Barclays PLC now owns 99,319 shares of the company’s stock valued at $1,226,000 after buying an additional 75,200 shares during the last quarter. Algert Global LLC raised its holdings in KKR Real Estate Finance Trust by 88.6% in the 3rd 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 during the period. Zacks Investment Management acquired a new stake in KKR Real Estate Finance Trust during the third quarter worth approximately $2,792,000. Finally, Drive Wealth Management LLC bought a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth approximately $898,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Up 1.7 %

Shares of KKR Real Estate Finance Trust stock opened at $10.38 on Friday. The firm has a market cap of $722.17 million, a PE ratio of -34.60 and a beta of 1.00. The business’s 50 day simple moving average is $11.25 and its 200 day simple moving average is $11.18. 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 has a 52-week low of $8.71 and a 52-week high of $13.29.

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 business had revenue of $140.15 million for the quarter, compared to analyst estimates of $39.52 million. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, analysts predict that KKR Real Estate Finance Trust will post 1.4 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.63%. The ex-dividend date is Tuesday, December 31st. KKR Real Estate Finance Trust’s 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.