KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives $12.46 Consensus PT from Analysts

KKR Real Estate Finance Trust Inc. (NYSE:KREF) has received a consensus rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is $12.46.

KREF has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Raymond James cut their price objective on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. 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. Finally, JMP Securities upped their price target on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Several large investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in KKR Real Estate Finance Trust during the 4th quarter valued at about $96,000. Caxton Associates LP bought a new position in shares of KKR Real Estate Finance Trust in the fourth quarter valued at approximately $110,000. Abel Hall LLC acquired a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter worth approximately $138,000. Sherbrooke Park Advisers LLC acquired a new position in shares of KKR Real Estate Finance Trust in the 4th quarter worth approximately $119,000. Finally, First Trust Advisors LP acquired a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at $129,000. Institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Performance

KREF opened at $11.23 on Monday. 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 company has a market cap of $771.27 million, a PE ratio of 62.36 and a beta of 1.00. The stock has a 50-day moving average of $10.56 and a 200-day moving average of $11.31. KKR Real Estate Finance Trust has a 52-week low of $8.71 and a 52-week high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Monday, February 3rd. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.20. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. As a group, equities research analysts forecast that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal 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 annualized dividend and a yield of 8.91%. KKR Real Estate Finance Trust’s dividend payout ratio is currently 555.56%.

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.