KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $11.88.

Several brokerages have recently issued reports on KREF. JMP Securities cut their target price on shares of KKR Real Estate Finance Trust from $13.00 to $12.00 and set a "market outperform" rating on the stock in a report on Thursday, April 24th. Keefe, Bruyette & Woods downgraded shares of KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 price objective for the company. in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. dropped their price target on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th.

KKR Real Estate Finance Trust Price Performance

KREF traded up $0.11 during trading on Friday, reaching $9.23. The stock had a trading volume of 65,136 shares, compared to its average volume of 498,541. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16. The business has a 50-day moving average of $9.97 and a 200-day moving average of $10.66. KKR Real Estate Finance Trust has a one year low of $8.28 and a one year high of $12.95. The stock has a market cap of $625.85 million, a PE ratio of 51.28 and a beta of 0.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.32). The firm had revenue of $31.34 million during the quarter, compared to the consensus estimate of $34.77 million. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. As a group, equities research analysts anticipate that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 10.83%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is 625.00%.

Institutional Trading of KKR Real Estate Finance Trust

Several institutional investors have recently modified their holdings of the stock. XTX Topco Ltd raised its holdings in shares of KKR Real Estate Finance Trust by 91.0% during the 1st quarter. XTX Topco Ltd now owns 61,587 shares of the company's stock valued at $665,000 after buying an additional 29,344 shares during the period. Drive Wealth Management LLC grew its holdings in shares of KKR Real Estate Finance Trust by 25.1% during the first quarter. Drive Wealth Management LLC now owns 105,943 shares of the company's stock valued at $1,171,000 after buying an additional 21,225 shares in the last quarter. Wedbush Securities Inc. raised its position in KKR Real Estate Finance Trust by 1.5% during the first quarter. Wedbush Securities Inc. now owns 80,386 shares of the company's stock valued at $868,000 after buying an additional 1,199 shares during the period. Y Intercept Hong Kong Ltd boosted its position in KKR Real Estate Finance Trust by 185.0% during the first quarter. Y Intercept Hong Kong Ltd now owns 44,925 shares of the company's stock valued at $485,000 after purchasing an additional 29,161 shares during the last quarter. Finally, Transce3nd LLC increased its position in KKR Real Estate Finance Trust by 8.1% in the 1st quarter. Transce3nd LLC now owns 61,264 shares of the company's stock worth $660,000 after purchasing an additional 4,610 shares during the last quarter. Hedge funds and other institutional investors own 70.23% of the company's stock.

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.