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

KKR Real Estate Finance Trust Inc. (NYSE:KREF - Get Free Report) has received an average recommendation of "Moderate Buy" from the six brokerages that are covering the stock, MarketBeat Ratings 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 objective among analysts that have covered the stock in the last year is $11.88.

A number of equities research analysts recently issued reports on KREF shares. JMP Securities restated a "market outperform" rating and issued a $12.00 target price on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 20th. 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. decreased their price objective on shares of 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 Trading Down 1.3%

KKR Real Estate Finance Trust stock traded down $0.12 during trading on Wednesday, reaching $8.93. The company had a trading volume of 667,945 shares, compared to its average volume of 510,861. KKR Real Estate Finance Trust has a 12-month low of $8.28 and a 12-month high of $12.95. The stock's 50 day moving average price is $9.36 and its two-hundred day moving average price is $10.35. The firm has a market capitalization of $605.51 million, a price-to-earnings ratio of 49.61 and a beta of 0.95. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.32). KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. The company had revenue of $31.34 million during the quarter, compared to analysts' expectations of $34.77 million. As a group, equities analysts expect that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.20%. KKR Real Estate Finance Trust's payout ratio is currently 625.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KREF. Farther Finance Advisors LLC lifted its position in shares of KKR Real Estate Finance Trust by 9,954.2% during the first quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company's stock worth $26,000 after purchasing an additional 2,389 shares in the last quarter. Quarry LP acquired a new stake in KKR Real Estate Finance Trust in the first quarter valued at $28,000. GAMMA Investing LLC raised its holdings in KKR Real Estate Finance Trust by 2,508.7% in the first quarter. GAMMA Investing LLC now owns 5,400 shares of the company's stock valued at $58,000 after acquiring an additional 5,193 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in KKR Real Estate Finance Trust in the first quarter valued at $66,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at $96,000. 70.23% of the stock is owned by institutional investors and hedge funds.

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.