KKR Real Estate Finance Trust (NYSE:KREF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of KKR Real Estate Finance Trust (NYSE:KREF) from a sell rating to a hold rating in a research report released on Friday morning.

Separately, JMP Securities reiterated a “market outperform” rating and issued a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, KKR Real Estate Finance Trust has an average rating of “Moderate Buy” and a consensus target price of $11.95.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock opened at $9.86 on Friday. The company has a debt-to-equity ratio of 3.81, a quick ratio of 440.20 and a current ratio of 440.20. KKR Real Estate Finance Trust has a fifty-two week low of $8.28 and a fifty-two week high of $12.95. The stock has a 50 day moving average price of $9.22 and a two-hundred day moving average price of $9.55. The company has a market capitalization of $647.28 million, a P/E ratio of -14.93 and a beta of 0.91.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.37). KKR Real Estate Finance Trust had a negative net margin of 4.43% and a positive return on equity of 1.61%. The company had revenue of $35.75 million during the quarter, compared to the consensus estimate of $32.55 million. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date was Monday, June 30th. KKR Real Estate Finance Trust’s dividend payout ratio is currently -151.52%.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in KREF. Farther Finance Advisors LLC raised its holdings in shares of KKR Real Estate Finance Trust by 9,954.2% during the first quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company’s stock valued at $26,000 after acquiring an additional 2,389 shares in the last quarter. Quarry LP bought a new position in shares of KKR Real Estate Finance Trust during the first quarter valued at approximately $28,000. Geneos Wealth Management Inc. raised its holdings in KKR Real Estate Finance Trust by 100.0% in the second 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 in the last quarter. EverSource Wealth Advisors LLC raised its holdings in KKR Real Estate Finance Trust by 742.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company’s stock worth $36,000 after purchasing an additional 3,658 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in KKR Real Estate Finance Trust by 3,904.6% in the second quarter. Allworth Financial LP now owns 4,365 shares of the company’s stock worth $38,000 after purchasing an additional 4,256 shares in the last quarter. Institutional investors own 70.23% of the company’s stock.

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.