KKR Real Estate Finance Trust (NYSE:KREF) Stock Has Average Price Target of $8.67

Key Points

• Analyst sentiment is mixed but averages to “Hold”: Of nine analysts covering KKR Real Estate Finance Trust, five rate it Hold, two Sell, one Buy and one Strong Buy. The average 12-month price target is $8.67.
• Shares opened at $5.79 and have traded between $4.93 and $9.10 over the past year; the stock’s 50-day and 200-day moving averages are $6.43 and $6.86, respectively.
• The company paid a quarterly dividend of $0.10 per share, equal to $0.40 annualized and a 6.9% yield.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.67.

A number of brokerages have commented on KREF. Keefe, Bruyette & Woods decreased their target price on KKR Real Estate Finance Trust from $6.50 to $5.50 and set a "market perform" rating for the company in a research note on Tuesday. Wall Street Zen cut KKR Real Estate Finance Trust from a "sell" rating to a "strong sell" rating in a research report on Sunday, July 12th. Raymond James Financial raised KKR Real Estate Finance Trust from an "outperform" rating to a "strong-buy" rating and set a $9.50 price target on the stock in a report on Thursday, August 6th. Zacks Research upgraded KKR Real Estate Finance Trust from a "strong sell" rating to a "hold" rating in a research report on Friday, July 10th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of KKR Real Estate Finance Trust in a research note on Thursday, October 15th.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock opened at $5.79 on Thursday. The stock has a market capitalization of $332.09 million, a price-to-earnings ratio of -1.65 and a beta of 0.91. KKR Real Estate Finance Trust has a one year low of $4.93 and a one year high of $9.10. The company's 50-day simple moving average is $6.43 and its 200-day simple moving average is $6.86.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Wednesday, September 30th. KKR Real Estate Finance Trust's payout ratio is -11.40%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new position in KKR Real Estate Finance Trust in the second quarter worth approximately $25,000. Versant Capital Management Inc lifted its position in shares of KKR Real Estate Finance Trust by 56.0% during the 3rd quarter. Versant Capital Management Inc now owns 5,038 shares of the company's stock valued at $31,000 after acquiring an additional 1,809 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of KKR Real Estate Finance Trust by 5,654.7% during the 1st quarter. Fifth Third Bancorp now owns 6,100 shares of the company's stock valued at $37,000 after acquiring an additional 5,994 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at $37,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in shares of KKR Real Estate Finance Trust by 611.0% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 6,740 shares of the company's stock worth $42,000 after acquiring an additional 5,792 shares in the last quarter. 70.23% of the stock is currently owned by institutional investors.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc NYSE: KREF is a real estate investment trust that originates and acquires commercial real estate loans. The company primarily focuses on senior loans secured by institutional-quality properties, including office, multifamily, industrial, hospitality and other commercial real estate assets.

KREF's investment portfolio is generally composed of floating-rate mortgage loans backed by properties in major U.S. markets. Its financing activities are designed to provide borrowers with capital for property acquisitions, refinancing, redevelopment and other commercial real estate needs.

The company is externally managed by an affiliate of KKR & Co Inc, a global investment firm with real estate investment capabilities.

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