KKR Real Estate Finance Trust (NYSE:KREF) Lowered to Sell Rating by Wall Street Zen

Key Points

• KKR Real Estate Finance Trust has been downgraded to a "sell" rating by Wall Street Zen, following a previously held "hold" rating.
• Keefe, Bruyette & Woods revised their rating from "outperform" to "market perform" with a price target of $10.75, while JPMorgan decreased their target to $9.50.
• The company's latest quarterly earnings resulted in a loss per share of ($0.53), missing estimates, despite revenue of $35.75 million exceeding expectations.

Wall Street Zen lowered shares of KKR Real Estate Finance Trust (NYSE:KREF - Free Report) from a hold rating to a sell rating in a report published on Sunday morning.

Several other research analysts have also weighed in on KREF. JPMorgan Chase & Co. cut their target price on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods lowered KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 target price on the stock. in a research report on Monday, April 7th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $12.00 target price on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $11.95.

KKR Real Estate Finance Trust Trading Up 0.3%

Shares of KKR Real Estate Finance Trust stock traded up $0.03 during trading hours on Friday, reaching $9.07. 666,280 shares of the company's stock were exchanged, compared to its average volume of 749,817. KKR Real Estate Finance Trust has a 52-week low of $8.28 and a 52-week high of $12.95. The firm has a market capitalization of $595.72 million, a price-to-earnings ratio of -13.74 and a beta of 0.92. The company has a fifty day moving average of $9.10 and a 200-day moving average of $9.79. The company has a current ratio of 440.20, a quick ratio of 440.20 and a debt-to-equity ratio of 3.81.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported ($0.53) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.37). KKR Real Estate Finance Trust had a positive return on equity of 1.61% and a negative net margin of 4.43%. The business had revenue of $35.75 million for the quarter, compared to analysts' expectations of $32.55 million. Sell-side analysts forecast that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 11.0%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is currently -151.52%.

Institutional Trading of KKR Real Estate Finance Trust

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake 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 valued at $26,000 after acquiring an additional 2,389 shares in the last quarter. Quarry LP acquired a new stake in shares of KKR Real Estate Finance Trust during the first quarter valued at about $28,000. GAMMA Investing LLC grew its stake in shares of KKR Real Estate Finance Trust by 2,508.7% during 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 shares of KKR Real Estate Finance Trust during the first quarter valued at about $66,000. Finally, KLP Kapitalforvaltning AS acquired a new position in KKR Real Estate Finance Trust in the fourth quarter worth about $96,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Company Profile

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.