KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives $12.33 Consensus PT from Analysts

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.33.

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating for the company in a research note on Thursday, February 8th. JMP Securities dropped their price target on KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating for the company in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. reduced their price objective on KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th.

Insider Activity

In related news, COO W Patrick Mattson acquired 10,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $9.72 per share, with a total value of $97,200.00. Following the purchase, the chief operating officer now directly owns 308,446 shares in the company, valued at approximately $2,998,095.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Matthew A. Salem bought 26,000 shares of KKR Real Estate Finance Trust stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $9.72 per share, for a total transaction of $252,720.00. Following the completion of the acquisition, the chief executive officer now owns 460,309 shares of the company’s stock, valued at $4,474,203.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO W Patrick Mattson purchased 10,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of $9.72 per share, with a total value of $97,200.00. Following the completion of the purchase, the chief operating officer now directly owns 308,446 shares of the company’s stock, valued at $2,998,095.12. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of KKR Real Estate Finance Trust by 14.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 804,214 shares of the company’s stock worth $10,640,000 after acquiring an additional 104,360 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in KKR Real Estate Finance Trust by 3.6% in the 4th quarter. Allianz Asset Management GmbH now owns 545,212 shares of the company’s stock valued at $7,213,000 after purchasing an additional 19,100 shares in the last quarter. Van ECK Associates Corp raised its position in KKR Real Estate Finance Trust by 2.1% in the fourth quarter. Van ECK Associates Corp now owns 235,703 shares of the company’s stock valued at $3,118,000 after purchasing an additional 4,841 shares during the period. FMR LLC lifted its stake in shares of KKR Real Estate Finance Trust by 3.6% during the third quarter. FMR LLC now owns 226,767 shares of the company’s stock worth $2,692,000 after purchasing an additional 7,926 shares in the last quarter. Finally, Significant Wealth Partners LLC purchased a new stake in shares of KKR Real Estate Finance Trust in the fourth quarter worth about $2,838,000. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Trading Down 2.2 %

NYSE:KREF opened at $9.56 on Tuesday. KKR Real Estate Finance Trust has a 52-week low of $9.09 and a 52-week high of $14.12. The company has a quick ratio of 361.75, a current ratio of 361.76 and a debt-to-equity ratio of 4.32. The stock has a fifty day simple moving average of $9.80 and a 200-day simple moving average of $11.29. The company has a market capitalization of $662.60 million, a PE ratio of -20.78 and a beta of 0.96.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Tuesday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. KKR Real Estate Finance Trust had a negative net margin of 1.39% and a positive return on equity of 10.28%. The firm had revenue of $151.62 million during the quarter, compared to the consensus estimate of $43.16 million. During the same period last year, the firm posted $0.48 EPS. On average, equities research analysts expect that KKR Real Estate Finance Trust will post 1.38 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.46%. The ex-dividend date of this dividend was Wednesday, March 27th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -217.39%.

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.