Brokerages Set KKR Real Estate Finance Trust Inc. (NYSE:KREF) Price Target at $11.64

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $12.14.

A number of research firms have recently commented on KREF. Wells Fargo & Company raised their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Raymond James upped their price objective on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. BTIG Research restated a “buy” rating and set a $11.50 target price on shares of KKR Real Estate Finance Trust in a research report on Friday, July 19th. JPMorgan Chase & Co. lowered their price target on KKR Real Estate Finance Trust from $10.00 to $9.50 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods raised KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $11.50 to $13.00 in a report on Thursday, September 5th.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

A number of hedge funds have recently added to or reduced their stakes in KREF. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of KKR Real Estate Finance Trust by 9.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,148,784 shares of the company’s stock valued at $21,617,000 after acquiring an additional 178,603 shares during the period. TrueMark Investments LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the 2nd quarter worth approximately $1,305,000. Charles Schwab Investment Management Inc. raised its stake in shares of KKR Real Estate Finance Trust by 14.9% during 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. Van ECK Associates Corp lifted its holdings in KKR Real Estate Finance Trust by 31.2% in the second quarter. Van ECK Associates Corp now owns 356,891 shares of the company’s stock valued at $3,230,000 after buying an additional 84,889 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in KKR Real Estate Finance Trust by 45.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 212,100 shares of the company’s stock valued at $2,134,000 after acquiring an additional 66,716 shares during the last quarter. Institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Price Performance

NYSE KREF opened at $12.80 on Friday. KKR Real Estate Finance Trust has a twelve month low of $8.71 and a twelve month high of $14.12. The stock has a 50-day simple moving average of $11.51 and a 200 day simple moving average of $10.28. The stock has a market capitalization of $887.22 million, a PE ratio of -27.83 and a beta of 0.99. The company has a debt-to-equity ratio of 3.86, a quick ratio of 392.62 and a current ratio of 392.62.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Monday, July 22nd. The company reported ($1.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($1.87). The firm had revenue of $47.60 million for the quarter, compared to the consensus estimate of $45.47 million. KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Research analysts anticipate that KKR Real Estate Finance Trust will post 1.35 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 7.81%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -217.39%.

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.