Citizens Jmp Cuts KKR Real Estate Finance Trust (NYSE:KREF) Price Target to $9.50

KKR Real Estate Finance Trust (NYSE:KREF) had its price objective lowered by Citizens Jmp from $10.00 to $9.50 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

A number of other equities analysts have also recently weighed in on KREF. BTIG Research cut shares of KKR Real Estate Finance Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Zacks Research cut shares of KKR Real Estate Finance Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. Keefe, Bruyette & Woods decreased their price objective on shares of KKR Real Estate Finance Trust from $8.25 to $8.00 and set a “market perform” rating on the stock in a report on Thursday, February 5th. JPMorgan Chase & Co. lowered their target price on shares of KKR Real Estate Finance Trust from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Finally, Wells Fargo & Company dropped their target price on shares of KKR Real Estate Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.50.

KKR Real Estate Finance Trust Stock Up 1.2%

KKR Real Estate Finance Trust stock opened at $6.42 on Monday. The company has a debt-to-equity ratio of 3.83, a current ratio of 407.64 and a quick ratio of 407.64. KKR Real Estate Finance Trust has a 1-year low of $6.29 and a 1-year high of $11.25. The company has a market cap of $412.36 million, a PE ratio of -6.11 and a beta of 0.90. The stock’s 50 day moving average price is $7.29 and its 200 day moving average price is $8.15.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. KKR Real Estate Finance Trust had a negative return on equity of 1.13% and a negative net margin of 10.80%.The firm had revenue of $32.72 million for the quarter, compared to analyst estimates of $26.06 million. On average, sell-side analysts predict that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 15.6%. The ex-dividend date of this dividend is Tuesday, March 31st. KKR Real Estate Finance Trust’s payout ratio is -95.24%.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Large investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. acquired a new position in KKR Real Estate Finance Trust during the third quarter worth about $5,212,000. Balyasny Asset Management L.P. grew its position in shares of KKR Real Estate Finance Trust by 368.5% in the second quarter. Balyasny Asset Management L.P. now owns 536,084 shares of the company’s stock valued at $4,701,000 after purchasing an additional 421,657 shares during the last quarter. Invesco Ltd. increased its stake in shares of KKR Real Estate Finance Trust by 92.2% during the 2nd quarter. Invesco Ltd. now owns 841,503 shares of the company’s stock worth $7,380,000 after purchasing an additional 403,660 shares in the last quarter. Compass Rose Asset Management LP purchased a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth approximately $2,754,000. Finally, Jane Street Group LLC raised its position in shares of KKR Real Estate Finance Trust by 653.0% during the 4th quarter. Jane Street Group LLC now owns 356,231 shares of the company’s stock worth $2,928,000 after purchasing an additional 308,920 shares during the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

About KKR Real Estate Finance Trust

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.