KKR Real Estate Finance Trust (NYSE:KREF) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of KKR Real Estate Finance Trust (NYSE:KREF) have earned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $11.95.

Several research analysts have recently weighed in on the stock. JMP Securities reiterated a “market outperform” rating and set a $12.00 price target on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 20th. Wall Street Zen cut shares of KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of KKR Real Estate Finance Trust from $11.50 to $9.50 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th.

KKR Real Estate Finance Trust Trading Down 0.3%

Shares of KKR Real Estate Finance Trust stock opened at $9.25 on Monday. The company’s fifty day simple moving average is $9.11 and its 200-day simple moving average is $9.75. The stock has a market capitalization of $607.54 million, a PE ratio of -14.02 and a beta of 0.92. 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 debt-to-equity ratio of 3.81, a current ratio of 440.20 and a quick ratio of 440.20.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.37). The business had revenue of $35.75 million for the quarter, compared to analysts’ expectations of $32.55 million. KKR Real Estate Finance Trust had a positive return on equity of 1.61% and a negative net margin of 4.43%. As a group, equities analysts anticipate that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.8%. The ex-dividend date was Monday, June 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -151.52%.

Institutional Trading of KKR Real Estate Finance Trust

Several institutional investors and hedge funds have recently modified their holdings of KREF. JPMorgan Chase & Co. increased its holdings in KKR Real Estate Finance Trust by 31.7% in the 4th quarter. JPMorgan Chase & Co. now owns 728,875 shares of the company’s stock valued at $7,362,000 after acquiring an additional 175,603 shares during the last quarter. Geode Capital Management LLC increased its holdings in KKR Real Estate Finance Trust by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,373,685 shares of the company’s stock valued at $13,878,000 after acquiring an additional 18,535 shares during the last quarter. Wells Fargo & Company MN increased its holdings in KKR Real Estate Finance Trust by 18.9% in the 4th quarter. Wells Fargo & Company MN now owns 158,669 shares of the company’s stock valued at $1,603,000 after acquiring an additional 25,217 shares during the last quarter. Legal & General Group Plc increased its holdings in KKR Real Estate Finance Trust by 2.2% in the 4th quarter. Legal & General Group Plc now owns 167,955 shares of the company’s stock valued at $1,696,000 after acquiring an additional 3,539 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in KKR Real Estate Finance Trust in the 4th quarter valued at $213,000. 70.23% of the stock is currently owned by institutional investors.

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.