KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

KKR Real Estate Finance Trust Inc. (NYSE:KREF) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $11.82.

Several equities research analysts have recently issued reports on KREF shares. JPMorgan Chase & Co. reduced their target price on KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Keefe, Bruyette & Woods decreased their price objective on KKR Real Estate Finance Trust from $10.00 to $9.75 and set a “market perform” rating on the stock in a report on Friday, April 26th. Finally, JMP Securities reissued a “market outperform” rating and issued a $12.00 target price on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 21st.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of large investors have recently made changes to their positions in KREF. Illinois Municipal Retirement Fund lifted its stake in KKR Real Estate Finance Trust by 4.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 35,542 shares of the company’s stock worth $470,000 after purchasing an additional 1,571 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of KKR Real Estate Finance Trust by 17.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock worth $170,000 after acquiring an additional 2,481 shares during the last quarter. Autumn Glory Partners LLC boosted its holdings in KKR Real Estate Finance Trust by 30.0% during the 4th quarter. Autumn Glory Partners LLC now owns 13,000 shares of the company’s stock valued at $172,000 after acquiring an additional 3,000 shares during the period. TFO Wealth Partners LLC grew its position in KKR Real Estate Finance Trust by 21,842.9% in the 4th quarter. TFO Wealth Partners LLC now owns 3,072 shares of the company’s stock valued at $41,000 after acquiring an additional 3,058 shares during the last quarter. Finally, Triumph Capital Management grew its position in KKR Real Estate Finance Trust by 18.5% in the 1st quarter. Triumph Capital Management now owns 20,075 shares of the company’s stock valued at $198,000 after acquiring an additional 3,138 shares during the last quarter. 70.23% of the stock is owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Stock Performance

Shares of NYSE KREF opened at $9.68 on Friday. The stock has a market cap of $670.92 million, a PE ratio of -21.04 and a beta of 0.99. KKR Real Estate Finance Trust has a 1 year low of $8.71 and a 1 year high of $14.12. The firm has a fifty day moving average price of $9.42 and a 200-day moving average price of $10.32. The company has a debt-to-equity ratio of 4.20, a current ratio of 364.56 and a quick ratio of 364.56.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. KKR Real Estate Finance Trust had a positive return on equity of 10.38% and a negative net margin of 1.39%. The business had revenue of $151.62 million for the quarter, compared to the consensus estimate of $43.16 million. During the same period in the previous year, the business earned $0.48 earnings per share. Equities analysts anticipate that KKR Real Estate Finance Trust will post 1.21 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.33%. The ex-dividend date is Friday, June 28th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -217.39%.

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.