Keefe, Bruyette & Woods Raises KKR Real Estate Finance Trust (NYSE:KREF) Price Target to $11.50

KKR Real Estate Finance Trust (NYSE:KREF) had its price target lifted by Keefe, Bruyette & Woods from $9.75 to $11.50 in a report published on Tuesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

KREF has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of KKR Real Estate Finance Trust from $10.00 to $9.50 and set an overweight rating for the company in a research report on Tuesday, July 16th. JMP Securities restated a market outperform rating and set a $12.00 price target on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 21st. Finally, BTIG Research reiterated a buy rating and set a $11.50 target price on shares of KKR Real Estate Finance Trust in a research report on Friday, July 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, KKR Real Estate Finance Trust currently has a consensus rating of Moderate Buy and an average target price of $11.50.

KKR Real Estate Finance Trust Trading Down 0.3 %

Shares of KREF stock opened at $11.45 on Tuesday. KKR Real Estate Finance Trust has a fifty-two week low of $8.71 and a fifty-two week high of $14.12. The company has a quick ratio of 392.62, a current ratio of 392.62 and a debt-to-equity ratio of 3.86. The stock’s fifty day moving average price is $9.69 and its two-hundred day moving average price is $10.05.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Monday, July 22nd. The company reported ($1.57) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($1.87). KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. The firm had revenue of $47.60 million for the quarter, compared to analyst estimates of $45.47 million. During the same period last year, the business earned $0.48 EPS. The company’s revenue was down 6.7% compared to the same quarter last year. On average, equities analysts forecast that KKR Real Estate Finance Trust will post 1.35 earnings per share for the current year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.73%. The ex-dividend date was Friday, June 28th. KKR Real Estate Finance Trust’s dividend payout ratio is currently -217.39%.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in KREF. Illinois Municipal Retirement Fund lifted its holdings in KKR Real Estate Finance Trust by 4.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 35,542 shares of the company’s stock worth $470,000 after acquiring an additional 1,571 shares during the period. Price T Rowe Associates Inc. MD grew 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 period. Autumn Glory Partners LLC increased its holdings in KKR Real Estate Finance Trust by 30.0% in the 4th quarter. Autumn Glory Partners LLC now owns 13,000 shares of the company’s stock worth $172,000 after acquiring an additional 3,000 shares during the last quarter. TFO Wealth Partners LLC increased its holdings 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 worth $41,000 after acquiring an additional 3,058 shares during the last quarter. Finally, Triumph Capital Management raised its stake 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 period. Hedge funds and other institutional investors own 70.23% of the company’s stock.

About KKR Real Estate Finance Trust

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.