Zacks: KKR Real Estate Finance Trust Inc (KREF) Given $21.00 Consensus Target Price by Analysts

KKR Real Estate Finance Trust Inc (NYSE:KREF) has been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Brokerages have set a 12 month consensus price objective of $21.00 for the company and are anticipating that the company will post $0.34 EPS for the current quarter, according to Zacks. Zacks has also given KKR Real Estate Finance Trust an industry rank of 183 out of 265 based on the ratings given to its competitors.

A number of research firms have recently weighed in on KREF. Zacks Investment Research raised KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $22.00 price objective on shares of KKR Real Estate Finance Trust in a research note on Friday, November 10th. Finally, ValuEngine raised KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 29th.

Shares of KKR Real Estate Finance Trust (NYSE:KREF) opened at $19.88 on Tuesday. The company has a quick ratio of 1,736.11, a current ratio of 1,736.11 and a debt-to-equity ratio of 0.71. KKR Real Estate Finance Trust has a 1 year low of $19.57 and a 1 year high of $23.99.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.44%. The ex-dividend date of this dividend is Thursday, December 28th.

In other KKR Real Estate Finance Trust news, CEO Christen E.J. Lee acquired 12,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average price of $19.99 per share, with a total value of $239,880.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in KKR Real Estate Finance Trust by 293.7% during the third quarter. Wells Fargo & Company MN now owns 6,712 shares of the company’s stock valued at $141,000 after buying an additional 5,007 shares during the last quarter. Zweig DiMenna Associates LLC boosted its stake in KKR Real Estate Finance Trust by 88.9% during the third quarter. Zweig DiMenna Associates LLC now owns 106,252 shares of the company’s stock valued at $2,236,000 after buying an additional 50,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in KKR Real Estate Finance Trust during the third quarter valued at approximately $205,000. California State Teachers Retirement System bought a new position in KKR Real Estate Finance Trust during the second quarter valued at approximately $393,000. Finally, Tower Research Capital LLC TRC bought a new position in KKR Real Estate Finance Trust during the second quarter valued at approximately $187,000. 65.67% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Zacks: KKR Real Estate Finance Trust Inc (KREF) Given $21.00 Consensus Target Price by Analysts” was originally published by BBNS and is owned by of BBNS. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://baseballnewssource.com/markets/zacks-kkr-real-estate-finance-trust-inc-kref-given-21-00-consensus-target-price-by-analysts/1819725.html.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds.

Get a free copy of the Zacks research report on KKR Real Estate Finance Trust (KREF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for KKR Real Estate Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR Real Estate Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.