Brokerages Set KKR Real Estate Finance Trust (NYSE:KREF) PT at $11.88

KKR Real Estate Finance Trust (NYSE:KREF) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $11.88.

Several brokerages recently weighed in on KREF. 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 report on Monday, April 7th. JPMorgan Chase & Co. reduced their price target on shares of KKR Real Estate Finance Trust from $11.50 to $9.50 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, JMP Securities reissued a “market outperform” rating and set a $12.00 price target on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE KREF opened at $9.17 on Friday. 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 50 day simple moving average of $9.17 and a two-hundred day simple moving average of $10.08. The company has a market capitalization of $621.48 million, a price-to-earnings ratio of 57.28 and a beta of 0.92. The company has a debt-to-equity ratio of 3.77, a quick ratio of 413.32 and a current ratio of 413.32.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.32). The business had revenue of $31.34 million for the quarter, compared to the consensus estimate of $34.77 million. KKR Real Estate Finance Trust had a net margin of 6.42% and a return on equity of 5.90%. Analysts expect that KKR Real Estate Finance Trust will post 1.05 EPS 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, July 15th. Investors of record on Monday, June 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 10.91%. The ex-dividend date is Monday, June 30th. KKR Real Estate Finance Trust’s dividend payout ratio is currently 625.00%.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP purchased a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth $5,350,000. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 acquiring an additional 458,530 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of KKR Real Estate Finance Trust by 116.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company’s stock worth $8,531,000 after acquiring an additional 454,517 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth $2,477,000. Finally, Nuveen LLC purchased a new position in shares of KKR Real Estate Finance Trust during the 1st quarter worth $2,241,000. Hedge funds and other 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.