KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) has been given a consensus recommendation of "Hold" by the six ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $9.9375.
KREF has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of KKR Real Estate Finance Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Friday. Wall Street Zen upgraded shares of KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a report on Friday, September 5th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $9.00 price objective (down previously from $9.50) on shares of KKR Real Estate Finance Trust in a research report on Monday, October 20th. Zacks Research raised shares of KKR Real Estate Finance Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of KKR Real Estate Finance Trust from $9.50 to $8.75 and set a "market perform" rating for the company in a research report on Thursday.
Get Our Latest Analysis on KREF
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of KKR Real Estate Finance Trust during the third quarter valued at about $144,000. CWM LLC raised its position in shares of KKR Real Estate Finance Trust by 79.8% during the third quarter. CWM LLC now owns 20,575 shares of the company's stock valued at $185,000 after buying an additional 9,129 shares during the last quarter. Geneos Wealth Management Inc. raised its position in KKR Real Estate Finance Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company's stock worth $30,000 after purchasing an additional 1,725 shares in the last quarter. Public Sector Pension Investment Board raised its position in KKR Real Estate Finance Trust by 6.1% in the second quarter. Public Sector Pension Investment Board now owns 194,133 shares of the company's stock worth $1,703,000 after purchasing an additional 11,110 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in KKR Real Estate Finance Trust by 64.1% in the second quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company's stock worth $50,000 after purchasing an additional 2,238 shares in the last quarter. Institutional investors and hedge funds own 70.23% of the company's stock.
KKR Real Estate Finance Trust Stock Up 0.7%
KREF stock opened at $8.72 on Friday. The company has a debt-to-equity ratio of 3.63, a current ratio of 423.43 and a quick ratio of 440.20. KKR Real Estate Finance Trust has a 52-week low of $8.27 and a 52-week high of $12.33. The company has a 50-day moving average of $9.20 and a two-hundred day moving average of $9.16. The stock has a market capitalization of $571.07 million, a price-to-earnings ratio of -24.91 and a beta of 0.89.
KKR Real Estate Finance Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.5%. KKR Real Estate Finance Trust's dividend payout ratio is currently -285.71%.
About KKR Real Estate Finance Trust
(
Get Free Report)
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.
Further Reading
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