Shares of KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $11.95.
KREF has been the subject of several recent research reports. JMP Securities reiterated a "market outperform" rating and issued a $12.00 price target on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 20th. Wall Street Zen cut KKR Real Estate Finance Trust from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd.
View Our Latest Stock Report on KREF
Institutional Investors Weigh In On KKR Real Estate Finance Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in KKR Real Estate Finance Trust by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,373,685 shares of the company's stock worth $13,878,000 after purchasing an additional 18,535 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in KKR Real Estate Finance Trust by 8.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,115,655 shares of the company's stock worth $9,784,000 after purchasing an additional 84,647 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in KKR Real Estate Finance Trust by 116.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company's stock worth $8,531,000 after purchasing an additional 454,517 shares during the last quarter. Invesco Ltd. lifted its stake in KKR Real Estate Finance Trust by 92.2% during the second quarter. Invesco Ltd. now owns 841,503 shares of the company's stock worth $7,380,000 after purchasing an additional 403,660 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in KKR Real Estate Finance Trust by 31.7% during the fourth quarter. JPMorgan Chase & Co. now owns 728,875 shares of the company's stock worth $7,362,000 after purchasing an additional 175,603 shares during the last quarter. 70.23% of the stock is currently owned by institutional investors.
KKR Real Estate Finance Trust Stock Performance
NYSE KREF traded down $0.03 during trading on Monday, reaching $9.26. 64,517 shares of the company's stock were exchanged, compared to its average volume of 590,290. The business has a 50 day moving average price of $9.14 and a 200-day moving average price of $9.73. The stock has a market capitalization of $607.87 million, a P/E ratio of -14.02 and a beta of 0.92. The company has a debt-to-equity ratio of 3.81, a current ratio of 440.20 and a quick ratio of 440.20. KKR Real Estate Finance Trust has a fifty-two week low of $8.28 and a fifty-two week high of $12.95.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported ($0.53) earnings per share (EPS) 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 firm had revenue of $35.75 million for the quarter, compared to the consensus estimate of $32.55 million. Sell-side analysts forecast 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders 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 yield of 10.8%. KKR Real Estate Finance Trust's dividend payout ratio is presently -151.52%.
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.
Read More
Before you consider KKR Real Estate Finance Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KKR Real Estate Finance Trust wasn't on the list.
While KKR Real Estate Finance Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access