KKR Real Estate Finance Trust (NYSE:KREF) Sets New 52-Week Low – Should You Sell?

KKR Real Estate Finance Trust Inc. (NYSE:KREF)’s stock price hit a new 52-week low on Monday . The stock traded as low as $8.60 and last traded at $8.73, with a volume of 158603 shares trading hands. The stock had previously closed at $9.56.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods downgraded shares of KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating and set a $10.75 target price for the company. in a research note on Monday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, KKR Real Estate Finance Trust has a consensus rating of “Moderate Buy” and a consensus target price of $12.21.

KKR Real Estate Finance Trust Trading Down 5.0 %

The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16. The stock has a market cap of $624.13 million, a P/E ratio of 50.72 and a beta of 0.88. The stock has a 50-day moving average price of $10.90 and a 200-day moving average price of $11.17.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.20. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. On average, equities research analysts expect that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.01%. The ex-dividend date is Monday, March 31st. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently 555.56%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its position in KKR Real Estate Finance Trust by 3.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 39,924 shares of the company’s stock worth $493,000 after purchasing an additional 1,382 shares during the period. Illinois Municipal Retirement Fund grew its stake in shares of KKR Real Estate Finance Trust by 6.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 31,711 shares of the company’s stock valued at $320,000 after buying an additional 1,842 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of KKR Real Estate Finance Trust by 5.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 41,975 shares of the company’s stock worth $424,000 after buying an additional 2,051 shares during the period. Rhumbline Advisers boosted its holdings in KKR Real Estate Finance Trust by 1.2% during the 4th quarter. Rhumbline Advisers now owns 175,092 shares of the company’s stock valued at $1,768,000 after acquiring an additional 2,100 shares during the period. Finally, Legal & General Group Plc grew its position in KKR Real Estate Finance Trust by 2.2% during the 4th quarter. Legal & General Group Plc now owns 167,955 shares of the company’s stock worth $1,696,000 after acquiring an additional 3,539 shares during the last quarter. 70.23% of the stock is owned by hedge funds and other institutional investors.

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.