KKR Real Estate Finance Trust (NYSE:KREF) Sets New 52-Week Low - What's Next?

Key Points

• KKR Real Estate Finance Trust's share price hit a new 52-week low at $8.27 during trading, significantly below its previous close of $8.60.
• Analysts have mixed ratings on the stock, with a consensus of "Hold" and an average target price of $11.44; Weiss Ratings maintained a "sell" rating while Zacks and Wall Street Zen upgraded their ratings to "hold."
• The company recently declared a quarterly dividend of $0.25, which represents an annualized yield of 11.8%, despite a negative dividend payout ratio of -151.52%.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The company traded as low as $8.27 and last traded at $8.31, with a volume of 1067190 shares. The stock had previously closed at $8.60.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KREF shares. Weiss Ratings reiterated a "sell (d)" rating on shares of KKR Real Estate Finance Trust in a research note on Wednesday. Zacks Research raised shares of KKR Real Estate Finance Trust from a "strong sell" rating to a "hold" rating in a report on Monday, September 29th. Finally, Wall Street Zen raised shares of KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $11.44.

KKR Real Estate Finance Trust Trading Down 1.7%

The firm's 50-day moving average price is $9.33 and its 200-day moving average price is $9.29. The company has a quick ratio of 440.20, a current ratio of 440.20 and a debt-to-equity ratio of 3.81. The company has a market cap of $555.00 million, a P/E ratio of -12.80 and a beta of 0.89.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its 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). The firm had revenue of $35.75 million for the quarter, compared to the consensus estimate 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%. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.25 dividend. 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 11.8%. KKR Real Estate Finance Trust's dividend payout ratio is presently -151.52%.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

A number of institutional investors have recently made changes to their positions in KREF. Farther Finance Advisors LLC boosted its position in KKR Real Estate Finance Trust by 9,954.2% during the 1st quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company's stock valued at $26,000 after buying an additional 2,389 shares during the period. Quarry LP purchased a new position in KKR Real Estate Finance Trust during the 1st quarter valued at about $28,000. Geneos Wealth Management Inc. lifted its position in KKR Real Estate Finance Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company's stock valued at $30,000 after acquiring an additional 1,725 shares during the period. EverSource Wealth Advisors LLC lifted its position in KKR Real Estate Finance Trust by 742.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company's stock valued at $36,000 after acquiring an additional 3,658 shares during the period. Finally, Allworth Financial LP lifted its position in KKR Real Estate Finance Trust by 3,904.6% during the 2nd quarter. Allworth Financial LP now owns 4,365 shares of the company's stock valued at $38,000 after acquiring an additional 4,256 shares during the period. Hedge funds and other institutional investors own 70.23% of the company's stock.

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.

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