KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives $12.21 Consensus PT from Analysts

KKR Real Estate Finance Trust Inc. (NYSE:KREF) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $12.21.

A number of research firms have issued reports on KREF. Keefe, Bruyette & Woods cut KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating and set a $10.75 target price for the company. in a report on Monday, April 7th. JPMorgan Chase & Co. dropped their target price on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st.

KKR Real Estate Finance Trust Trading Up 4.8 %

NYSE:KREF opened at $9.01 on Tuesday. The business’s 50-day simple moving average is $10.67 and its 200-day simple moving average is $10.97. KKR Real Estate Finance Trust has a fifty-two week low of $8.28 and a fifty-two week 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. The stock has a market capitalization of $619.11 million, a PE ratio of 50.06 and a beta of 0.88.

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

KKR Real Estate Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.10%. The ex-dividend date of this dividend is Monday, March 31st. KKR Real Estate Finance Trust’s dividend payout ratio is currently 555.56%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of KKR Real Estate Finance Trust by 3.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 39,924 shares of the company’s stock valued at $493,000 after buying an additional 1,382 shares during the last quarter. FMR LLC lifted its stake in KKR Real Estate Finance Trust by 3.4% in the third quarter. FMR LLC now owns 255,599 shares of the company’s stock valued at $3,157,000 after acquiring an additional 8,448 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of KKR Real Estate Finance Trust by 144.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,896 shares of the company’s stock valued at $1,802,000 after acquiring an additional 86,327 shares during the period. Verition Fund Management LLC acquired a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter worth about $422,000. Finally, Stifel Financial Corp increased its stake in shares of KKR Real Estate Finance Trust by 420.7% during the 3rd quarter. Stifel Financial Corp now owns 116,113 shares of the company’s stock worth $1,434,000 after purchasing an additional 93,813 shares during the last quarter. 70.23% of the stock is currently owned by institutional investors.

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.