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

Key Points

• KKR Real Estate Finance Trust (KREF) has been given a consensus rating of "Moderate Buy" by analysts, with two holding and three recommending a buy as of recent reports.
• The company recently reported a quarterly loss of ($0.53) earnings per share, missing the consensus estimate, while achieving revenue of $35.75 million.
• KKR Real Estate Finance Trust announced a quarterly dividend of $0.25 per share, with an annualized yield of 11.1%, despite a notably high payout ratio of -151.52%.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) has been given an average rating of "Moderate Buy" by the five analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $11.4375.

KREF has been the topic of several recent analyst reports. Zacks Research raised KKR Real Estate Finance Trust from a "strong sell" rating to a "hold" rating in a research report on Monday. Wall Street Zen raised KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a research report on Friday, September 5th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wedbush Securities Inc. increased its holdings in shares of KKR Real Estate Finance Trust by 1.5% during the 1st quarter. Wedbush Securities Inc. now owns 80,386 shares of the company's stock worth $868,000 after acquiring an additional 1,199 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in KKR Real Estate Finance Trust by 12.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,466 shares of the company's stock valued at $118,000 after buying an additional 1,457 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in KKR Real Estate Finance Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company's stock valued at $30,000 after buying an additional 1,725 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in KKR Real Estate Finance Trust by 6.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 33,895 shares of the company's stock valued at $296,000 after buying an additional 1,913 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in KKR Real Estate Finance Trust by 15.4% in the 1st quarter. Teacher Retirement System of Texas now owns 14,980 shares of the company's stock valued at $162,000 after buying an additional 2,002 shares in the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Stock Down 1.6%

NYSE:KREF opened at $9.02 on Wednesday. The firm has a market capitalization of $592.40 million, a price-to-earnings ratio of -13.67 and a beta of 0.91. KKR Real Estate Finance Trust has a twelve month low of $8.28 and a twelve month high of $12.33. The stock's 50 day moving average price is $9.38 and its two-hundred day moving average price is $9.39. The company has a quick ratio of 440.20, a current ratio of 440.20 and a debt-to-equity ratio of 3.81.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.37). The company had revenue of $35.75 million for the quarter, compared to analyst estimates of $32.55 million. KKR Real Estate Finance Trust had a positive return on equity of 1.61% and a negative net margin of 4.43%. Equities research 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.1%. KKR Real Estate Finance Trust's payout ratio is presently -151.52%.

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.

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