KKR Real Estate Finance Trust (NYSE:KREF) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust (NYSE:KREF) from a sell rating to a hold rating in a research report sent to investors on Tuesday, Zacks.com reports.

According to Zacks, “KKR Real Estate Finance Trust Inc. is a real estate finance company. It focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. KKR Real Estate Finance Trust Inc. is headquartered in New York. “

NYSE:KREF traded up $0.04 during trading hours on Tuesday, reaching $19.75. The company’s stock had a trading volume of 576,559 shares, compared to its average volume of 290,514. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 2.44 and a beta of 0.23. The firm has a 50-day simple moving average of $19.72 and a 200-day simple moving average of $19.86. KKR Real Estate Finance Trust has a 1 year low of $18.54 and a 1 year high of $21.00. The company has a debt-to-equity ratio of 3.55, a quick ratio of 407.43 and a current ratio of 407.43.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its earnings results on Wednesday, October 30th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $28.63 million for the quarter, compared to analysts’ expectations of $30.30 million. KKR Real Estate Finance Trust had a net margin of 40.23% and a return on equity of 8.23%. Equities analysts anticipate that KKR Real Estate Finance Trust will post 1.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date of this dividend was Friday, September 27th. KKR Real Estate Finance Trust’s payout ratio is presently 89.58%.

In other KKR Real Estate Finance Trust news, CEO Christen E.J. Lee bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average price of $19.15 per share, for a total transaction of $95,750.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.89% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Aperio Group LLC bought a new stake in KKR Real Estate Finance Trust in the 2nd quarter worth $46,000. Bank of Montreal Can grew its holdings in KKR Real Estate Finance Trust by 411.0% in the 2nd quarter. Bank of Montreal Can now owns 2,652 shares of the company’s stock worth $52,000 after acquiring an additional 2,133 shares during the last quarter. Catalyst Capital Advisors LLC grew its holdings in KKR Real Estate Finance Trust by 179.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 5,430 shares of the company’s stock worth $106,000 after acquiring an additional 3,490 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in KKR Real Estate Finance Trust by 64.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,591 shares of the company’s stock worth $111,000 after acquiring an additional 2,181 shares during the last quarter. Finally, Strs Ohio grew its holdings in KKR Real Estate Finance Trust by 15.5% in the 2nd quarter. Strs Ohio now owns 6,700 shares of the company’s stock worth $133,000 after acquiring an additional 900 shares during the last quarter. 79.84% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.

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