KKR Real Estate Finance Trust (NYSE:KREF) Given Market Outperform Rating at JMP Securities

JMP Securities reissued their market outperform rating on shares of KKR Real Estate Finance Trust (NYSE:KREF) in a research note released on Tuesday,Benzinga reports. JMP Securities currently has a $12.00 price target on the stock.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered their price objective on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. 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 research report on Monday, April 7th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.88.

KKR Real Estate Finance Trust Trading Down 0.7%

Shares of NYSE:KREF opened at $9.28 on Tuesday. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16. The stock has a market capitalization of $629.24 million, a price-to-earnings ratio of 51.56 and a beta of 0.95. KKR Real Estate Finance Trust has a 1-year low of $8.28 and a 1-year high of $12.95. The company has a 50 day moving average price of $9.72 and a 200 day moving average price of $10.51.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.32). KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. The firm had revenue of $31.34 million for the quarter, compared to analysts’ expectations of $34.77 million. On average, research analysts anticipate that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.78%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently 625.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter worth $5,350,000. Price T Rowe Associates Inc. MD increased its holdings in KKR Real Estate Finance Trust by 2,400.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 477,633 shares of the company’s stock worth $4,825,000 after purchasing an additional 458,530 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of KKR Real Estate Finance Trust by 116.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company’s stock valued at $8,531,000 after purchasing an additional 454,517 shares during the period. Lighthouse Investment Partners LLC bought a new stake in shares of KKR Real Estate Finance Trust in the fourth quarter valued at about $2,477,000. Finally, Nuveen LLC bought a new stake in shares of KKR Real Estate Finance Trust in the first quarter valued at about $2,241,000. Institutional investors own 70.23% of the company’s stock.

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.