KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives Average Rating of “Buy” from Analysts

KKR Real Estate Finance Trust Inc. (NYSE:KREF) has received a consensus recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is $12.46.

A number of equities analysts recently commented on KREF shares. Keefe, Bruyette & Woods reduced their price objective on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their target price on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC acquired a new stake in KKR Real Estate Finance Trust in the 4th quarter valued at approximately $199,000. Sherbrooke Park Advisers LLC purchased a new stake in KKR Real Estate Finance Trust during the fourth quarter worth about $119,000. ProShare Advisors LLC lifted its position in shares of KKR Real Estate Finance Trust by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 17,710 shares of the company’s stock worth $179,000 after purchasing an additional 5,457 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of KKR Real Estate Finance Trust by 2.0% in the fourth quarter. Nuveen Asset Management LLC now owns 214,950 shares of the company’s stock valued at $2,171,000 after purchasing an additional 4,294 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of KKR Real Estate Finance Trust by 40.6% in the fourth quarter. Millennium Management LLC now owns 280,650 shares of the company’s stock valued at $2,835,000 after purchasing an additional 81,028 shares in the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Trading Up 0.3 %

KREF stock opened at $11.14 on Friday. KKR Real Estate Finance Trust has a 12-month low of $8.71 and a 12-month high of $12.95. The business’s 50-day moving average is $10.73 and its 200 day moving average is $11.28. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50. The stock has a market cap of $765.47 million, a price-to-earnings ratio of 61.89 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.08 by $0.20. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. On average, sell-side analysts anticipate that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 8.98%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently 555.56%.

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.