KKR Real Estate Finance Trust Inc. (NYSE:KREF) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $11.88.

A number of research analysts have issued reports on KREF shares. 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 price objective on the stock. in a research report on Monday, April 7th. JPMorgan Chase & Co. reduced their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $9.50 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $12.00 target price on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th.

KKR Real Estate Finance Trust Trading Down 1.3%

KREF opened at $8.93 on Wednesday. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50. The stock has a market cap of $605.51 million, a PE ratio of 49.61 and a beta of 0.95. The company has a fifty day moving average of $9.36 and a 200-day moving average of $10.35. KKR Real Estate Finance Trust has a twelve month low of $8.28 and a twelve month high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.32). KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. The firm had revenue of $31.34 million for the quarter, compared to analysts’ expectations of $34.77 million. On average, sell-side analysts predict that KKR Real Estate Finance Trust will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 11.20%. The ex-dividend date of this dividend was Monday, March 31st. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently 625.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio bought a new stake in shares of KKR Real Estate Finance Trust during the first quarter worth $123,000. Westbourne Investments Inc. bought a new stake in shares of KKR Real Estate Finance Trust in the first quarter valued at about $395,000. Acadian Asset Management LLC bought a new stake in shares of KKR Real Estate Finance Trust in the first quarter valued at about $66,000. Jane Street Group LLC raised its holdings in shares of KKR Real Estate Finance Trust by 72.1% in the first quarter. Jane Street Group LLC now owns 172,162 shares of the company’s stock valued at $1,859,000 after acquiring an additional 72,140 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of KKR Real Estate Finance Trust by 317.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,589 shares of the company’s stock valued at $2,210,000 after acquiring an additional 155,553 shares in 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.