KKR Real Estate Finance Trust (NYSE:KREF) Receives $9.00 Average PT from Analysts

KKR Real Estate Finance Trust (NYSE:KREF) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $9.00.

KREF has been the topic of a number of research reports. BTIG Research downgraded KKR Real Estate Finance Trust from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Citizens Jmp cut their price objective on KKR Real Estate Finance Trust from $10.00 to $9.50 and set a “market outperform” rating on the stock in a report on Monday, March 23rd. Wall Street Zen downgraded KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research upgraded KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a report on Thursday, January 22nd.

KKR Real Estate Finance Trust Stock Performance

KKR Real Estate Finance Trust stock opened at $6.67 on Friday. The firm has a market capitalization of $428.43 million, a P/E ratio of -6.35 and a beta of 0.91. The stock has a fifty day moving average price of $6.67 and a 200 day moving average price of $7.73. KKR Real Estate Finance Trust has a 52 week low of $5.87 and a 52 week high of $9.98. The company has a current ratio of 407.64, a quick ratio of 407.64 and a debt-to-equity ratio of 3.83.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Tuesday, February 3rd. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. The firm had revenue of $32.72 million during the quarter, compared to analyst estimates of $26.06 million. KKR Real Estate Finance Trust had a negative return on equity of 1.13% and a negative net margin of 10.80%. Equities research analysts anticipate that KKR Real Estate Finance Trust will post 0.24 earnings per share for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date was Tuesday, March 31st. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -95.24%.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its holdings in shares of KKR Real Estate Finance Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock worth $30,000 after purchasing an additional 1,725 shares during the last quarter. Cura Wealth Advisors LLC lifted its holdings in shares of KKR Real Estate Finance Trust by 2.0% in the 4th quarter. Cura Wealth Advisors LLC now owns 100,672 shares of the company’s stock worth $828,000 after purchasing an additional 1,976 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of KKR Real Estate Finance Trust by 210.5% in the 4th quarter. Hantz Financial Services Inc. now owns 3,099 shares of the company’s stock worth $25,000 after purchasing an additional 2,101 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of KKR Real Estate Finance Trust by 64.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company’s stock worth $50,000 after purchasing an additional 2,238 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of KKR Real Estate Finance Trust by 178.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,537 shares of the company’s stock worth $29,000 after purchasing an additional 2,266 shares during the last quarter. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust, Inc (NYSE: KREF) is a mortgage real estate investment trust sponsored by KKR & Co Inc The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.

The trust’s investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions.