KKR Real Estate Finance Trust (NYSE:KREF) Given “Neutral” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of KKR Real Estate Finance Trust (NYSE:KREF) in a research report released on Monday, Marketbeat.com reports. They currently have a $9.00 price target on the stock, down from their previous price target of $9.50.

Several other analysts have also weighed in on KREF. Zacks Research upgraded shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen upgraded shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, KKR Real Estate Finance Trust has an average rating of “Hold” and an average price target of $11.31.

KKR Real Estate Finance Trust Stock Performance

NYSE:KREF opened at $8.56 on Monday. The company has a fifty day moving average of $9.25 and a 200-day moving average of $9.16. The firm has a market capitalization of $561.89 million, a P/E ratio of -12.96 and a beta of 0.89. The company has a quick ratio of 440.20, a current ratio of 440.20 and a debt-to-equity ratio of 3.81. KKR Real Estate Finance Trust has a twelve month low of $8.27 and a twelve month high of $12.33.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data 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 company had revenue of $35.75 million during the quarter, compared to the consensus estimate of $32.55 million. KKR Real Estate Finance Trust had a negative net margin of 4.43% and a positive return on equity of 1.61%. As a group, sell-side analysts anticipate that KKR Real Estate Finance Trust will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 11.7%. The ex-dividend date was Tuesday, September 30th. KKR Real Estate Finance Trust’s payout ratio is -151.52%.

Institutional Trading of KKR Real Estate Finance Trust

Several institutional investors have recently made changes to their positions in the company. CWM LLC grew its stake in shares of KKR Real Estate Finance Trust by 79.8% in the 3rd quarter. CWM LLC now owns 20,575 shares of the company’s stock worth $185,000 after acquiring an additional 9,129 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of KKR Real Estate Finance Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock worth $30,000 after acquiring an additional 1,725 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of KKR Real Estate Finance Trust by 6.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 194,133 shares of the company’s stock worth $1,703,000 after acquiring an additional 11,110 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of KKR Real Estate Finance Trust by 64.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company’s stock worth $50,000 after acquiring an additional 2,238 shares in the last quarter. Finally, Sophron Capital Management L.P. grew its stake in shares of KKR Real Estate Finance Trust by 57.1% in the 2nd quarter. Sophron Capital Management L.P. now owns 57,138 shares of the company’s stock worth $501,000 after acquiring an additional 20,759 shares in the last quarter. 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.