KKR Real Estate Finance Trust (NYSE:KREF) Given New $9.75 Price Target at Keefe, Bruyette & Woods

KKR Real Estate Finance Trust (NYSE:KREF - Free Report) had its target price lowered by Keefe, Bruyette & Woods from $10.00 to $9.75 in a report released on Friday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective 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. Wells Fargo & Company reduced their price objective on KKR Real Estate Finance Trust from $12.00 to $10.50 and set an overweight rating for the company in a research note on Thursday, February 8th. Finally, JMP Securities dropped their target price on KKR Real Estate Finance Trust from $14.50 to $13.00 and set a market outperform rating on the stock in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $11.96.

KKR Real Estate Finance Trust Trading Up 0.6 %

NYSE KREF traded up $0.05 on Friday, reaching $9.62. The stock had a trading volume of 580,410 shares, compared to its average volume of 597,022. KKR Real Estate Finance Trust has a 12-month low of $9.09 and a 12-month high of $14.12. The stock has a fifty day moving average price of $9.79 and a two-hundred day moving average price of $11.28. The firm has a market capitalization of $666.42 million, a price-to-earnings ratio of -20.91 and a beta of 0.96. The company has a quick ratio of 361.75, a current ratio of 364.56 and a debt-to-equity ratio of 4.20.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. KKR Real Estate Finance Trust had a positive return on equity of 10.38% and a negative net margin of 1.39%. The firm had revenue of $151.62 million for the quarter, compared to the consensus estimate of $43.16 million. During the same quarter in the previous year, the business earned $0.48 EPS. As a group, sell-side analysts forecast that KKR Real Estate Finance Trust will post 1.38 EPS for the current fiscal year.

KKR Real Estate Finance Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.40%. The ex-dividend date was Wednesday, March 27th. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is -217.39%.

Insider Activity at KKR Real Estate Finance Trust

In related news, COO W Patrick Mattson acquired 10,000 shares of the company's stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $9.72 per share, with a total value of $97,200.00. Following the purchase, the chief operating officer now directly owns 308,446 shares in the company, valued at approximately $2,998,095.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, COO W Patrick Mattson bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average cost of $9.72 per share, with a total value of $97,200.00. Following the transaction, the chief operating officer now owns 308,446 shares of the company's stock, valued at approximately $2,998,095.12. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew A. Salem purchased 26,000 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $9.72 per share, with a total value of $252,720.00. Following the transaction, the chief executive officer now owns 460,309 shares of the company's stock, valued at approximately $4,474,203.48. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Significant Wealth Partners LLC purchased a new position in KKR Real Estate Finance Trust in the fourth quarter valued at about $2,838,000. Charles Schwab Investment Management Inc. raised its holdings in shares of KKR Real Estate Finance Trust by 18.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,854 shares of the company's stock valued at $8,307,000 after buying an additional 109,995 shares during the period. Waverly Advisors LLC acquired a new position in KKR Real Estate Finance Trust during the 3rd quarter worth approximately $457,000. SG Americas Securities LLC purchased a new position in KKR Real Estate Finance Trust in the 3rd quarter worth approximately $420,000. Finally, Raymond James Financial Services Advisors Inc. grew its position in KKR Real Estate Finance Trust by 48.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 105,414 shares of the company's stock valued at $1,395,000 after acquiring an additional 34,538 shares in the last quarter. 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.