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KKR Real Estate Finance Trust (NYSE:KREF) Given Average Recommendation of "Moderate Buy" by Brokerages

KKR Real Estate Finance Trust logo with Finance background

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) has received an average recommendation of "Moderate Buy" from the six analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $11.88.

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut shares of KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 price target for the company. in a research report on Monday, April 7th. JMP Securities restated a "market outperform" rating and set a $12.00 target price on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. cut their price target on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating on the stock in a report on Wednesday, April 16th.

Read Our Latest Stock Report on KREF

Institutional Investors Weigh In On KKR Real Estate Finance Trust

A number of large investors have recently modified their holdings of KREF. Wellington Management Group LLP acquired a new stake in KKR Real Estate Finance Trust in the 4th quarter worth approximately $5,350,000. Price T Rowe Associates Inc. MD raised its holdings in shares of KKR Real Estate Finance Trust by 2,400.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 477,633 shares of the company's stock worth $4,825,000 after buying an additional 458,530 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of 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 buying an additional 454,517 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter worth $2,477,000. Finally, Nuveen LLC purchased a new stake in shares of KKR Real Estate Finance Trust during the first quarter valued at $2,241,000. Hedge funds and other institutional investors own 70.23% of the company's stock.

KKR Real Estate Finance Trust Stock Down 1.7%

Shares of KREF stock traded down $0.16 during mid-day trading on Friday, hitting $9.02. The stock had a trading volume of 681,263 shares, compared to its average volume of 532,146. KKR Real Estate Finance Trust has a 12-month low of $8.28 and a 12-month high of $12.95. The firm has a market capitalization of $611.65 million, a P/E ratio of 10.55 and a beta of 0.92. The firm's 50-day moving average is $9.17 and its two-hundred day moving average is $10.08. The company has a debt-to-equity ratio of 3.77, a current ratio of 413.32 and a quick ratio of 413.32.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.32). KKR Real Estate Finance Trust had a net margin of 6.42% and a return on equity of 5.90%. The firm had revenue of $31.34 million during the quarter, compared to the consensus estimate of $34.77 million. On average, analysts predict that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.09%. The ex-dividend date is Monday, June 30th. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently 625.00%.

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.

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Analyst Recommendations for KKR Real Estate Finance Trust (NYSE:KREF)

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