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

Shares of KKR Real Estate Finance Trust Inc (NYSE:KREF) have been given a consensus recommendation of “Buy” by the seven research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $21.00.

Several research firms recently commented on KREF. JPMorgan Chase & Co. dropped their price objective on shares of KKR Real Estate Finance Trust from $19.00 to $18.50 and set a “$20.65” rating on the stock in a research note on Monday, July 23rd. Wells Fargo & Co raised shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $20.00 to $22.00 in a research note on Wednesday, August 22nd. Finally, Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a report on Friday, August 10th.

A number of institutional investors have recently modified their holdings of the business. Northern Trust Corp raised its holdings in KKR Real Estate Finance Trust by 17.0% in the second quarter. Northern Trust Corp now owns 182,376 shares of the company’s stock worth $3,607,000 after buying an additional 26,492 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in KKR Real Estate Finance Trust by 19.2% in the second quarter. Bank of New York Mellon Corp now owns 65,927 shares of the company’s stock worth $1,304,000 after buying an additional 10,621 shares during the last quarter. Millennium Management LLC purchased a new position in KKR Real Estate Finance Trust in the second quarter worth about $901,000. Bank of America Corp DE raised its holdings in KKR Real Estate Finance Trust by 2,309.5% in the second quarter. Bank of America Corp DE now owns 89,104 shares of the company’s stock worth $1,762,000 after buying an additional 85,406 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in KKR Real Estate Finance Trust in the second quarter worth about $2,293,000. 72.19% of the stock is owned by institutional investors and hedge funds.

NYSE:KREF opened at $20.21 on Thursday. KKR Real Estate Finance Trust has a one year low of $18.09 and a one year high of $21.63. The company has a debt-to-equity ratio of 1.68, a quick ratio of 558.64 and a current ratio of 558.64. The stock has a market cap of $1.08 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 2.30 and a beta of -0.19.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Monday, August 6th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.51 by $0.20. KKR Real Estate Finance Trust had a net margin of 65.77% and a return on equity of 8.53%. The business had revenue of $40.00 million for the quarter, compared to analyst estimates of $38.00 million. research analysts anticipate that KKR Real Estate Finance Trust will post 1.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Friday, September 28th will be issued a $0.43 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.72 annualized dividend and a yield of 8.51%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently 140.98%.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.

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