KKR Real Estate Finance Trust Inc (KREF) Receives $21.58 Average Price Target from Analysts

Shares of KKR Real Estate Finance Trust Inc (NYSE:KREF) have been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $21.58.

A number of analysts have recently commented on KREF shares. Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Tuesday, March 5th. JPMorgan Chase & Co. raised shares of KKR Real Estate Finance Trust from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $20.00 to $20.50 in a research report on Wednesday, January 16th. Finally, Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Sunday, December 9th.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of KKR Real Estate Finance Trust by 70.7% in the 3rd quarter. BlackRock Inc. now owns 1,852,794 shares of the company’s stock worth $37,370,000 after purchasing an additional 767,114 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of KKR Real Estate Finance Trust by 42.8% during the third quarter. Vanguard Group Inc now owns 2,478,909 shares of the company’s stock worth $49,999,000 after purchasing an additional 742,552 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of KKR Real Estate Finance Trust by 42.8% during the third quarter. Vanguard Group Inc. now owns 2,478,909 shares of the company’s stock worth $49,999,000 after purchasing an additional 742,552 shares in the last quarter. Elliott Management Corp purchased a new position in shares of KKR Real Estate Finance Trust during the fourth quarter worth about $9,920,000. Finally, Acadian Asset Management LLC grew its holdings in shares of KKR Real Estate Finance Trust by 83.2% during the fourth quarter. Acadian Asset Management LLC now owns 598,662 shares of the company’s stock worth $11,464,000 after purchasing an additional 271,862 shares in the last quarter. Institutional investors and hedge funds own 75.38% of the company’s stock.

Shares of KREF stock traded up $0.02 during trading on Thursday, reaching $20.37. The company’s stock had a trading volume of 465,163 shares, compared to its average volume of 286,852. The company has a quick ratio of 431.69, a current ratio of 431.69 and a debt-to-equity ratio of 2.55. The firm has a market cap of $1.21 billion, a PE ratio of 10.61, a P/E/G ratio of 2.33 and a beta of 0.12. KKR Real Estate Finance Trust has a one year low of $18.54 and a one year high of $21.41.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Wednesday, February 20th. The company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.02). The business had revenue of $59.62 million during the quarter, compared to the consensus estimate of $30.10 million. KKR Real Estate Finance Trust had a return on equity of 9.15% and a net margin of 48.98%. On average, equities analysts predict that KKR Real Estate Finance Trust will post 1.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.72 dividend on an annualized basis and a yield of 8.44%. KKR Real Estate Finance Trust’s payout ratio is 89.58%.

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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Analyst Recommendations for KKR Real Estate Finance Trust (NYSE:KREF)

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