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

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have been given an average rating of “Buy” by the six analysts that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $12.46.

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods decreased their target price 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. JMP Securities increased their price objective on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Finally, 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 for the company in a research report on Tuesday, January 21st.

KKR Real Estate Finance Trust Price Performance

NYSE:KREF opened at $11.00 on Monday. The company has a market cap of $755.47 million, a P/E ratio of 61.08 and a beta of 1.00. The firm’s fifty day moving average price is $10.54 and its two-hundred day moving average price is $11.32. KKR Real Estate Finance Trust has a one year low of $8.71 and a one year high of $12.95. The company has a debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 296.16.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.28 EPS for the quarter, beating 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%. Equities analysts expect that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.10%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently 555.56%.

Institutional Trading of KKR Real Estate Finance Trust

A number of institutional investors have recently modified their holdings of KREF. KLP Kapitalforvaltning AS acquired a new position in KKR Real Estate Finance Trust in the fourth quarter valued at about $96,000. Caxton Associates LP acquired a new stake in KKR Real Estate Finance Trust during the fourth quarter worth about $110,000. Sherbrooke Park Advisers LLC bought a new position in KKR Real Estate Finance Trust in the 4th quarter valued at about $119,000. First Trust Advisors LP acquired a new position in shares of KKR Real Estate Finance Trust in the 4th quarter valued at approximately $129,000. Finally, Abel Hall LLC bought a new stake in shares of KKR Real Estate Finance Trust during the 3rd quarter worth approximately $138,000. 70.23% of the stock is currently owned by institutional investors.

About KKR Real Estate Finance Trust

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.