KKR Real Estate Finance Trust (NYSE:KREF) Given New $9.50 Price Target at Citizens Jmp

KKR Real Estate Finance Trust (NYSE:KREF) had its price target trimmed by Citizens Jmp from $10.00 to $9.50 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a market outperform rating on the stock.

Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods cut their price target on KKR Real Estate Finance Trust from $8.25 to $8.00 and set a “market perform” rating on the stock in a research note on Thursday, February 5th. BTIG Research downgraded KKR Real Estate Finance Trust from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Weiss Ratings reissued a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research note on Thursday, January 22nd. Wells Fargo & Company reduced their target price on KKR Real Estate Finance Trust from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Finally, Zacks Research lowered KKR Real Estate Finance Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.50.

KKR Real Estate Finance Trust Trading Up 0.5%

KREF opened at $6.42 on Monday. The firm has a 50 day simple moving average of $7.35 and a 200 day simple moving average of $8.18. KKR Real Estate Finance Trust has a fifty-two week low of $6.33 and a fifty-two week high of $11.53. The company has a market cap of $412.36 million, a price-to-earnings ratio of -6.11 and a beta of 0.90. The company has a debt-to-equity ratio of 3.83, a current ratio of 407.64 and a quick ratio of 407.64.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. KKR Real Estate Finance Trust had a negative net margin of 10.80% and a negative return on equity of 1.13%. The firm had revenue of $32.72 million for the quarter, compared to analysts’ expectations of $26.06 million. On average, sell-side analysts anticipate 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 15.6%. The ex-dividend date is Tuesday, March 31st. KKR Real Estate Finance Trust’s dividend payout ratio is -95.24%.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. raised its holdings in KKR Real Estate Finance Trust by 210.5% during the 4th quarter. Hantz Financial Services Inc. now owns 3,099 shares of the company’s stock worth $25,000 after buying an additional 2,101 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of KKR Real Estate Finance Trust by 178.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,537 shares of the company’s stock worth $29,000 after buying an additional 2,266 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings 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 worth $30,000 after buying an additional 1,725 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in KKR Real Estate Finance Trust by 742.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company’s stock valued at $36,000 after buying an additional 3,658 shares during the last quarter. Finally, Allworth Financial LP raised its position in KKR Real Estate Finance Trust by 3,904.6% in the 2nd quarter. Allworth Financial LP now owns 4,365 shares of the company’s stock valued at $38,000 after buying an additional 4,256 shares during the last quarter. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust, Inc (NYSE: KREF) is a mortgage real estate investment trust sponsored by KKR & Co Inc The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.

The trust’s investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions.