KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $12.21.

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

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KREF. GAMMA Investing LLC lifted its stake in KKR Real Estate Finance Trust by 2,508.7% during the 1st quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock valued at $58,000 after acquiring an additional 5,193 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of KKR Real Estate Finance Trust in the 4th quarter worth $96,000. Caxton Associates LP purchased a new position in shares of KKR Real Estate Finance Trust in the 4th quarter worth $110,000. Sherbrooke Park Advisers LLC bought a new stake in shares of KKR Real Estate Finance Trust in the fourth quarter worth $119,000. Finally, First Trust Advisors LP purchased a new stake in KKR Real Estate Finance Trust during the fourth quarter valued at $129,000. 70.23% of the stock is owned by institutional investors.

KKR Real Estate Finance Trust Trading Down 1.4 %

NYSE KREF opened at $8.62 on Tuesday. The stock has a market cap of $591.97 million, a P/E ratio of 47.86 and a beta of 0.88. 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 simple moving average of $10.71 and a two-hundred day simple moving average of $11.00. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, analysts forecast that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 11.61%. KKR Real Estate Finance Trust’s payout ratio is presently 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.