KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives $12.83 Average Price Target from Analysts

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Get Free Report) have received an average rating of "Buy" from the six analysts that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.83.

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $11.50 to $13.00 in a research note on Thursday, September 5th. JPMorgan Chase & Co. upped their target price on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. JMP Securities increased their price target on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an "overweight" rating in a research note on Friday, September 20th. Finally, BTIG Research reaffirmed a "buy" rating and set a $11.50 target price on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of institutional investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC purchased a new position in KKR Real Estate Finance Trust during the 3rd quarter worth approximately $25,000. EntryPoint Capital LLC purchased a new position in shares of KKR Real Estate Finance Trust during the first quarter valued at $54,000. First Trust Direct Indexing L.P. raised its position in KKR Real Estate Finance Trust by 24.6% during the third quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company's stock valued at $159,000 after buying an additional 2,546 shares during the period. SG Americas Securities LLC purchased a new stake in KKR Real Estate Finance Trust in the 2nd quarter worth about $138,000. Finally, Intech Investment Management LLC acquired a new stake in KKR Real Estate Finance Trust during the 3rd quarter worth about $197,000. Hedge funds and other institutional investors own 70.23% of the company's stock.

KKR Real Estate Finance Trust Stock Performance

KREF traded down $0.09 during trading hours on Friday, hitting $11.89. The company's stock had a trading volume of 641,029 shares, compared to its average volume of 464,340. The company has a 50-day simple moving average of $12.01 and a 200 day simple moving average of $10.73. The company has a current ratio of 277.63, a quick ratio of 277.63 and a debt-to-equity ratio of 3.75. The firm has a market capitalization of $827.22 million, a PE ratio of -39.63 and a beta of 0.99. KKR Real Estate Finance Trust has a fifty-two week low of $8.71 and a fifty-two week high of $14.12.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.03. The company had revenue of $140.15 million for the quarter, compared to analyst estimates of $39.52 million. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. During the same period last year, the company earned $0.47 earnings per share. As a group, sell-side analysts expect that KKR Real Estate Finance Trust will post 1.4 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.41%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently -333.33%.

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.