KKR Real Estate Finance Trust (NYSE:KREF) Given Buy Rating at BTIG Research

BTIG Research reaffirmed their buy rating on shares of KKR Real Estate Finance Trust (NYSE:KREF) in a research report sent to investors on Friday morning, MarketBeat reports. They currently have a $11.50 price objective on the stock.

A number of other research analysts also recently weighed in on the company. JMP Securities reiterated 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. JPMorgan Chase & Co. reduced their price objective on 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. Finally, Keefe, Bruyette & Woods reduced their price objective on KKR Real Estate Finance Trust from $10.00 to $9.75 and set a market perform rating for the company in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, KKR Real Estate Finance Trust has an average rating of Moderate Buy and an average price target of $11.25.

KKR Real Estate Finance Trust Stock Performance

Shares of NYSE KREF opened at $10.10 on Friday. KKR Real Estate Finance Trust has a 52-week low of $8.71 and a 52-week high of $14.12. The company has a quick ratio of 364.56, a current ratio of 364.56 and a debt-to-equity ratio of 4.20. The stock has a market capitalization of $699.68 million, a price-to-earnings ratio of -21.95 and a beta of 0.99. The stock’s fifty day simple moving average is $9.46 and its 200 day simple moving average is $10.11.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company posted $0.48 earnings per share. As a group, sell-side analysts forecast 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 business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.91%. KKR Real Estate Finance Trust’s dividend payout ratio is currently -217.39%.

Institutional Trading of KKR Real Estate Finance Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of KKR Real Estate Finance Trust by 14.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 804,214 shares of the company’s stock worth $10,640,000 after buying an additional 104,360 shares during the last quarter. Significant Wealth Partners LLC acquired a new stake in shares of KKR Real Estate Finance Trust in the fourth quarter worth about $2,838,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of KKR Real Estate Finance Trust by 9.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,148,784 shares of the company’s stock worth $21,617,000 after buying an additional 178,603 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of KKR Real Estate Finance Trust in the first quarter worth about $40,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of KKR Real Estate Finance Trust in the fourth quarter worth about $388,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

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.