Brokerages Set KKR Real Estate Finance Trust Inc. (NYSE:KREF) PT at $12.33

KKR Real Estate Finance Trust Inc. (NYSE:KREF - Get Free Report) has been given a consensus rating of "Moderate Buy" by the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.33.

Several analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of KKR Real Estate Finance Trust from $12.00 to $10.50 and set an "overweight" rating on the stock in a research report on Thursday, February 8th. JPMorgan Chase & Co. reduced their price target on shares of KKR Real Estate Finance Trust from $11.50 to $10.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 10th. Finally, JMP Securities cut their target price on shares of KKR Real Estate Finance Trust from $14.50 to $13.00 and set a "market outperform" rating on the stock in a research note on Wednesday, February 7th.

Insider Buying and Selling at KKR Real Estate Finance Trust

In related news, COO W Patrick Mattson purchased 10,000 shares of the company's stock in a transaction on Thursday, February 8th. The shares were bought at an average cost of $9.72 per share, for a total transaction of $97,200.00. Following the completion of the purchase, the chief operating officer now directly owns 308,446 shares of the company's stock, valued at approximately $2,998,095.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO W Patrick Mattson purchased 10,000 shares of the company's stock in a transaction on Thursday, February 8th. The shares were bought at an average cost of $9.72 per share, for a total transaction of $97,200.00. Following the completion of the purchase, the chief operating officer now directly owns 308,446 shares of the company's stock, valued at approximately $2,998,095.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew A. Salem purchased 26,000 shares of the company's stock in a transaction on Thursday, February 8th. The stock was bought at an average price of $9.72 per share, for a total transaction of $252,720.00. Following the completion of the purchase, the chief executive officer now directly owns 460,309 shares of the company's stock, valued at $4,474,203.48. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Hedge funds have recently modified their holdings of the business. Future Financial Wealth Managment LLC purchased a new position in shares of KKR Real Estate Finance Trust during the first quarter worth approximately $40,000. TFO Wealth Partners LLC grew its position in shares of KKR Real Estate Finance Trust by 21,842.9% during the fourth quarter. TFO Wealth Partners LLC now owns 3,072 shares of the company's stock worth $41,000 after acquiring an additional 3,058 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of KKR Real Estate Finance Trust during the first quarter worth $101,000. Commonwealth Equity Services LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth $119,000. Finally, Autumn Glory Partners LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth $119,000. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Stock Up 1.7 %

Shares of KREF traded up $0.17 during mid-day trading on Tuesday, hitting $10.02. 544,016 shares of the company's stock were exchanged, compared to its average volume of 590,619. The company has a market cap of $694.49 million, a price-to-earnings ratio of -12.85 and a beta of 0.96. KKR Real Estate Finance Trust has a fifty-two week low of $9.09 and a fifty-two week high of $14.12. The company has a debt-to-equity ratio of 4.32, a quick ratio of 361.75 and a current ratio of 361.76. The stock's 50-day moving average is $9.77 and its 200-day moving average is $11.31.

KKR Real Estate Finance Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.98%. KKR Real Estate Finance Trust's payout ratio is -128.21%.

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.