KKR Real Estate Finance Trust (NYSE:KREF) Price Target Lowered to $6.50 at JPMorgan Chase & Co.

KKR Real Estate Finance Trust (NYSE:KREF) had its target price cut by JPMorgan Chase & Co. from $8.00 to $6.50 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also recently commented on KREF. Citizens Jmp dropped their target price on shares of KKR Real Estate Finance Trust from $10.00 to $9.50 and set a “market outperform” rating on the stock in a report on Monday, March 23rd. Zacks Research upgraded shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods dropped their price target on shares of KKR Real Estate Finance Trust from $8.00 to $7.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 8th. Finally, Wells Fargo & Company dropped their price target on shares of KKR Real Estate Finance Trust from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.00.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock opened at $6.61 on Thursday. KKR Real Estate Finance Trust has a 12 month low of $5.87 and a 12 month high of $9.98. The stock has a market cap of $424.54 million, a PE ratio of -6.29 and a beta of 0.91. The company has a current ratio of 407.64, a quick ratio of 407.64 and a debt-to-equity ratio of 3.83. The company’s fifty day moving average price is $6.70 and its 200-day moving average price is $7.80.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Tuesday, February 3rd. The company reported $0.22 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, equities analysts expect that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.25 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 15.1%. KKR Real Estate Finance Trust’s payout ratio is presently -95.24%.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in 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 purchasing an additional 1,725 shares in the last quarter. Cura Wealth Advisors LLC lifted its stake in KKR Real Estate Finance Trust by 2.0% during the 4th quarter. Cura Wealth Advisors LLC now owns 100,672 shares of the company’s stock valued at $828,000 after acquiring an additional 1,976 shares during the period. Hantz Financial Services Inc. lifted its stake 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 valued at $25,000 after acquiring an additional 2,101 shares during the period. Tower Research Capital LLC TRC lifted its stake in KKR Real Estate Finance Trust by 64.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company’s stock valued at $50,000 after acquiring an additional 2,238 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in KKR Real Estate Finance Trust by 178.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,537 shares of the company’s stock valued at $29,000 after acquiring an additional 2,266 shares during the period. Institutional investors own 70.23% of the company’s stock.

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.