KKR Real Estate Finance Trust (NYSE:KREF) Upgraded at Zacks Research

Zacks Research upgraded shares of KKR Real Estate Finance Trust (NYSE:KREF) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Separately, Wall Street Zen upgraded KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.44.

KKR Real Estate Finance Trust Price Performance

KREF stock opened at $9.01 on Monday. The firm has a market cap of $591.45 million, a P/E ratio of -13.64 and a beta of 0.89. The firm’s fifty day moving average is $9.38 and its 200 day moving average is $9.39. KKR Real Estate Finance Trust has a 52 week low of $8.28 and a 52 week high of $12.33. The company has a debt-to-equity ratio of 3.81, a quick ratio of 440.20 and a current ratio of 440.20.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.37). KKR Real Estate Finance Trust had a negative net margin of 4.43% and a positive return on equity of 1.61%. The business had revenue of $35.75 million for the quarter, compared to analysts’ expectations of $32.55 million. Research analysts predict 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date is Tuesday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio is currently -151.52%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in KKR Real Estate Finance Trust by 9,954.2% during the 1st quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company’s stock valued at $26,000 after purchasing an additional 2,389 shares during the last quarter. Quarry LP bought a new stake in shares of KKR Real Estate Finance Trust in the 1st quarter worth approximately $28,000. Geneos Wealth Management Inc. increased its stake in shares of KKR Real Estate Finance Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock valued at $30,000 after buying an additional 1,725 shares during the period. EverSource Wealth Advisors LLC lifted its stake in KKR Real Estate Finance Trust by 742.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company’s stock worth $36,000 after acquiring an additional 3,658 shares during the period. Finally, Allworth Financial LP boosted its holdings in KKR Real Estate Finance Trust by 3,904.6% in the second quarter. Allworth Financial LP now owns 4,365 shares of the company’s stock valued at $38,000 after acquiring an additional 4,256 shares in the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

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.