KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives $11.82 Consensus Target Price from Analysts

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $11.82.

Several equities analysts recently issued reports on KREF shares. JMP Securities restated a “market outperform” rating and set a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 21st. JPMorgan Chase & Co. dropped their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods lowered their target price on KKR Real Estate Finance Trust from $10.00 to $9.75 and set a “market perform” rating for the company in a report on Friday, April 26th.

KKR Real Estate Finance Trust Price Performance

Shares of KREF stock opened at $9.68 on Friday. The firm has a fifty day moving average of $9.42 and a two-hundred day moving average of $10.32. The firm has a market cap of $670.92 million, a P/E ratio of -21.04 and a beta of 0.99. KKR Real Estate Finance Trust has a 1-year low of $8.71 and a 1-year high of $14.12. The company has a debt-to-equity ratio of 4.20, a current ratio of 364.56 and a quick ratio of 364.56.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.39 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $43.16 million. During the same period last year, the firm earned $0.48 earnings per share. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.33%. The ex-dividend date is Friday, June 28th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -217.39%.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KREF. Price T Rowe Associates Inc. MD boosted its stake in KKR Real Estate Finance Trust by 17.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock valued at $170,000 after buying an additional 2,481 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of KKR Real Estate Finance Trust during the 1st quarter valued at about $54,000. CANADA LIFE ASSURANCE Co grew its stake in shares of KKR Real Estate Finance Trust by 44.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 72,930 shares of the company’s stock worth $733,000 after purchasing an additional 22,312 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of KKR Real Estate Finance Trust in the 1st quarter worth approximately $438,000. Finally, Everence Capital Management Inc. lifted its stake in KKR Real Estate Finance Trust by 68.4% during the first quarter. Everence Capital Management Inc. now owns 23,160 shares of the company’s stock valued at $233,000 after purchasing an additional 9,410 shares during the last quarter. 70.23% of the stock is owned by institutional investors.

About KKR Real Estate Finance Trust

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.