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

KKR Real Estate Finance Trust Inc. (NYSE:KREF) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $12.50.

A number of research analysts have recently issued reports on the company. Raymond James boosted their target price on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. BTIG Research reissued a “buy” rating and issued a $11.50 price objective on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. JPMorgan Chase & Co. raised their target price on shares of KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday. Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $11.50 to $13.00 in a report on Thursday, September 5th. Finally, Wells Fargo & Company increased their price target on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, September 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in KKR Real Estate Finance Trust by 9.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,148,784 shares of the company’s stock worth $21,617,000 after purchasing an additional 178,603 shares in the last quarter. Van ECK Associates Corp grew its stake in KKR Real Estate Finance Trust by 31.2% in the 2nd quarter. Van ECK Associates Corp now owns 356,891 shares of the company’s stock valued at $3,230,000 after acquiring an additional 84,889 shares during the last quarter. Principal Financial Group Inc. increased its holdings in KKR Real Estate Finance Trust by 14.1% during the 1st quarter. Principal Financial Group Inc. now owns 346,350 shares of the company’s stock valued at $3,484,000 after acquiring an additional 42,730 shares in the last quarter. Significant Wealth Partners LLC increased its holdings in KKR Real Estate Finance Trust by 21.1% during the 1st quarter. Significant Wealth Partners LLC now owns 259,787 shares of the company’s stock valued at $2,613,000 after acquiring an additional 45,308 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in KKR Real Estate Finance Trust by 45.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 212,100 shares of the company’s stock worth $2,134,000 after acquiring an additional 66,716 shares during the last quarter. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Trading Up 0.3 %

Shares of KKR Real Estate Finance Trust stock opened at $12.04 on Tuesday. The company’s fifty day moving average is $11.89 and its two-hundred day moving average is $10.51. KKR Real Estate Finance Trust has a 1 year low of $8.71 and a 1 year high of $14.12. The company has a debt-to-equity ratio of 3.86, a quick ratio of 392.62 and a current ratio of 392.62. The company has a market capitalization of $834.54 million, a P/E ratio of -26.17 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Monday, July 22nd. The company reported ($1.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($1.87). The company had revenue of $47.60 million for the quarter, compared to analysts’ expectations of $45.47 million. KKR Real Estate Finance Trust had a return on equity of 9.88% and a net margin of 5.88%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS. Analysts forecast that KKR Real Estate Finance Trust will post 1.35 earnings per share for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.31%. The ex-dividend date of this dividend was Monday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -217.39%.

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.