KKR Real Estate Finance Trust (NYSE:KREF) Stock Has Consensus Price Target of $8.83 According to Analysts

KKR Real Estate Finance Trust (NYSE:KREF) has received an average rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $8.83.

KREF has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Friday, July 17th. Raymond James Financial upgraded KKR Real Estate Finance Trust from an “outperform” rating to a “strong-buy” rating and set a $9.50 price objective on the stock in a research report on Thursday, August 6th. Wall Street Zen downgraded KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. dropped their target price on KKR Real Estate Finance Trust from $8.00 to $7.50 and set an “underweight” rating for the company in a report on Friday, July 24th. Finally, Zacks Research upgraded KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE purchased a new stake in shares of KKR Real Estate Finance Trust during the second quarter worth about $2,744,000. Conversant Capital LLC acquired a new position in shares of KKR Real Estate Finance Trust in the first quarter valued at approximately $9,000,000. Endure Capital Management LLC acquired a new position in shares of KKR Real Estate Finance Trust in the first quarter valued at approximately $1,545,000. Corient Private Wealth LP purchased a new position in shares of KKR Real Estate Finance Trust during the second quarter valued at approximately $1,321,000. Finally, BlackRock Inc. purchased a new position in shares of KKR Real Estate Finance Trust during the second quarter valued at approximately $40,349,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Performance

KKR Real Estate Finance Trust stock opened at $5.93 on Friday. The stock has a market capitalization of $347.67 million, a P/E ratio of -1.81 and a beta of 0.88. The company’s fifty day moving average price is $7.03 and its 200 day moving average price is $6.87. KKR Real Estate Finance Trust has a 1 year low of $5.25 and a 1 year high of $9.10.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Tuesday, July 21st. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.02). The company had revenue of $29.34 million for the quarter, compared to analyst estimates of $24.97 million. KKR Real Estate Finance Trust had a negative return on equity of 1.53% and a negative net margin of 47.33%. Sell-side analysts predict that KKR Real Estate Finance Trust will post 0.28 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Wednesday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio is currently -12.20%.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc (NYSE: KREF) is a real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily focuses on senior mortgage loans secured by institutional-quality properties, with an emphasis on transitional assets that may require renovation, leasing or other improvements.

KREF’s loan portfolio is generally backed by commercial properties across major U.S. markets. The underlying properties may include multifamily, office, hotel, industrial, life science, student housing and other commercial real estate assets.