KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives $11.88 Consensus PT from Brokerages

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 firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $11.88.

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

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC grew its stake in shares of KKR Real Estate Finance Trust by 311.8% in the third quarter. Barclays PLC now owns 99,319 shares of the company's stock worth $1,226,000 after acquiring an additional 75,200 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of KKR Real Estate Finance Trust by 2.2% in the fourth quarter. Legal & General Group Plc now owns 167,955 shares of the company's stock worth $1,696,000 after buying an additional 3,539 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of KKR Real Estate Finance Trust in the fourth quarter worth approximately $301,000. Wells Fargo & Company MN boosted its stake in KKR Real Estate Finance Trust by 18.9% during the 4th quarter. Wells Fargo & Company MN now owns 158,669 shares of the company's stock valued at $1,603,000 after purchasing an additional 25,217 shares during the last quarter. Finally, Condor Capital Management increased its holdings in shares of KKR Real Estate Finance Trust by 70.2% in the 4th quarter. Condor Capital Management now owns 251,273 shares of the company's stock worth $2,538,000 after purchasing an additional 103,654 shares in the last quarter. Institutional investors own 70.23% of the company's stock.

KKR Real Estate Finance Trust Trading Up 1.3 %

Shares of NYSE KREF traded up $0.12 during midday trading on Friday, reaching $9.21. The company had a trading volume of 219,066 shares, compared to its average volume of 500,290. The firm's fifty day moving average price is $10.01 and its 200-day moving average price is $10.67. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50. 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 $624.15 million, a PE ratio of 51.12 and a beta of 0.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, equities research analysts anticipate that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.86%. The ex-dividend date of this dividend was Monday, March 31st. KKR Real Estate Finance Trust's payout ratio is currently 625.00%.

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.