KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives $11.50 Consensus PT from Analysts

KKR Real Estate Finance Trust Inc. (NYSE:KREF) has earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $11.50.

KREF has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on KKR Real Estate Finance Trust from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods upped their price target on KKR Real Estate Finance Trust from $9.75 to $11.50 and gave the stock a “market perform” rating in a report on Tuesday, July 30th. BTIG Research restated a “buy” rating and set a $11.50 price objective on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $12.00 target price on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 21st.

KKR Real Estate Finance Trust Stock Up 0.6 %

Shares of NYSE:KREF opened at $11.93 on Monday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 392.62 and a current ratio of 392.62. KKR Real Estate Finance Trust has a 52-week low of $8.71 and a 52-week high of $14.12. The business’s 50 day simple moving average is $10.50 and its two-hundred day simple moving average is $9.96. The firm has a market cap of $827.11 million, a P/E ratio of -25.93 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings results on Monday, July 22nd. The company reported ($1.57) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $47.60 million for the quarter, compared to the consensus estimate of $45.47 million. During the same quarter last year, the firm posted $0.48 EPS. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, research analysts forecast that KKR Real Estate Finance Trust will post 1.35 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 8.38%. KKR Real Estate Finance Trust’s payout ratio is currently -217.39%.

Institutional Trading of KKR Real Estate Finance Trust

Large investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of KKR Real Estate Finance Trust by 9.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,148,784 shares of the company’s stock worth $21,617,000 after acquiring an additional 178,603 shares during the period. TrueMark Investments LLC purchased a new stake in KKR Real Estate Finance Trust during the second quarter valued at about $1,305,000. Charles Schwab Investment Management Inc. boosted its position in KKR Real Estate Finance Trust by 14.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 804,214 shares of the company’s stock worth $10,640,000 after purchasing an additional 104,360 shares during the period. Van ECK Associates Corp increased its stake in shares of KKR Real Estate Finance Trust by 31.2% in the second quarter. Van ECK Associates Corp now owns 356,891 shares of the company’s stock worth $3,230,000 after purchasing an additional 84,889 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in shares of KKR Real Estate Finance Trust by 45.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 212,100 shares of the company’s stock valued at $2,134,000 after purchasing an additional 66,716 shares during the period. 70.23% of the stock is owned by hedge funds and other institutional investors.

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.