KKR Real Estate Finance Trust (NYSE:KREF) Receives $9.81 Consensus Target Price from Analysts

KKR Real Estate Finance Trust (NYSE:KREF) has earned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $9.8125.

KREF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $9.00 price target (down from $9.50) on shares of KKR Real Estate Finance Trust in a report on Monday, October 20th. Keefe, Bruyette & Woods cut their price target on KKR Real Estate Finance Trust from $8.75 to $8.25 and set a “market perform” rating for the company in a report on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Wednesday, October 8th. Zacks Research raised shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Wells Fargo & Company cut their target price on shares of KKR Real Estate Finance Trust from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 24th.

Insider Transactions at KKR Real Estate Finance Trust

In other news, COO W Patrick Mattson acquired 13,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were bought at an average price of $7.91 per share, with a total value of $102,830.00. Following the acquisition, the chief operating officer owned 386,787 shares of the company’s stock, valued at $3,059,485.17. This trade represents a 3.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ralph F. Rosenberg sold 125,289 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $8.25, for a total value of $1,033,634.25. The disclosure for this sale is available in the SEC filing. Insiders acquired 55,000 shares of company stock valued at $431,710 in the last ninety days. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

A number of institutional investors have recently bought and sold shares of the business. Drive Wealth Management LLC grew its stake in shares of KKR Real Estate Finance Trust by 12.9% in the 2nd quarter. Drive Wealth Management LLC now owns 119,601 shares of the company’s stock valued at $1,079,000 after purchasing an additional 13,658 shares during the period. Prudential Financial Inc. boosted its stake in KKR Real Estate Finance Trust by 262.2% in the 2nd quarter. Prudential Financial Inc. now owns 204,308 shares of the company’s stock valued at $1,792,000 after buying an additional 147,895 shares in the last quarter. Voya Investment Management LLC grew its position in KKR Real Estate Finance Trust by 25.4% in the first quarter. Voya Investment Management LLC now owns 327,746 shares of the company’s stock valued at $3,540,000 after acquiring an additional 66,344 shares during the period. Condor Capital Management boosted its stake in shares of KKR Real Estate Finance Trust by 27.6% in the 2nd quarter. Condor Capital Management now owns 344,625 shares of the company’s stock valued at $3,022,000 after purchasing an additional 74,532 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new stake in shares of KKR Real Estate Finance Trust in the 2nd quarter worth about $570,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Trading Up 1.1%

Shares of KREF stock opened at $7.96 on Friday. KKR Real Estate Finance Trust has a 12 month low of $7.55 and a 12 month high of $11.53. The company has a market cap of $520.96 million, a PE ratio of -22.73 and a beta of 0.89. The company has a quick ratio of 423.43, a current ratio of 423.43 and a debt-to-equity ratio of 3.63. The business’s 50 day moving average is $8.34 and its two-hundred day moving average is $8.84.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Tuesday, October 21st. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). KKR Real Estate Finance Trust had a negative return on equity of 0.60% and a negative net margin of 0.12%.The firm had revenue of $31.41 million during the quarter, compared to analyst estimates of $29.90 million. Equities analysts predict that KKR Real Estate Finance Trust will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 12.6%. The ex-dividend date is Wednesday, December 31st. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -285.71%.

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.