KKR Real Estate Finance Trust (NYSE:KREF) Receives Average Recommendation of “Hold” from Brokerages

KKR Real Estate Finance Trust (NYSE:KREF) has been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $9.9375.

Several research firms have weighed in on KREF. Wall Street Zen upgraded shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Keefe, Bruyette & Woods dropped their price objective on shares of KKR Real Estate Finance Trust from $9.50 to $8.75 and set a “market perform” rating for the company in a research note on Thursday, October 23rd. Weiss Ratings restated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their target price on KKR Real Estate Finance Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Finally, Zacks Research upgraded KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th.

Insider Buying and Selling

In other news, CEO Matthew A. Salem bought 32,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price of $7.84 per share, with a total value of $250,880.00. Following the purchase, the chief executive officer owned 561,825 shares of the company’s stock, valued at $4,404,708. This trade represents a 6.04% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ralph F. Rosenberg sold 125,289 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $8.25, for a total transaction of $1,033,634.25. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have bought 55,000 shares of company stock worth $431,710. 1.90% of the stock is owned by company insiders.

Institutional Trading of KKR Real Estate Finance Trust

Hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new position in shares of KKR Real Estate Finance Trust during the 1st quarter worth $28,000. Geneos Wealth Management Inc. grew its position in shares of KKR Real Estate Finance Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock valued at $30,000 after purchasing an additional 1,725 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of 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 valued at $36,000 after purchasing an additional 3,658 shares during the period. Allworth Financial LP increased its stake 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 purchasing an additional 4,256 shares during the last quarter. Finally, Cloud Capital Management LLC purchased a new position in KKR Real Estate Finance Trust during the third quarter worth about $48,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Down 0.4%

KREF stock opened at $8.91 on Monday. KKR Real Estate Finance Trust has a 52 week low of $7.78 and a 52 week high of $11.53. The company has a market cap of $583.19 million, a P/E ratio of -25.44 and a beta of 0.89. The company’s 50-day moving average price is $8.43 and its 200 day moving average price is $8.96. The company has a current ratio of 423.43, a quick ratio of 423.43 and a debt-to-equity ratio of 3.63.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Tuesday, October 21st. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). KKR Real Estate Finance Trust had a negative return on equity of 0.60% and a negative net margin of 0.12%.The firm had revenue of $31.41 million for the quarter, compared to analysts’ expectations of $29.90 million. On average, research analysts expect that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.2%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -285.71%.

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.