KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives Average Recommendation of "Buy" from Analysts

KKR Real Estate Finance Trust Inc. (NYSE:KREF - Get Free Report) has been given an average recommendation of "Buy" by the six analysts that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $12.46.

A number of brokerages recently weighed in on KREF. JPMorgan Chase & Co. lowered their target price on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an "overweight" rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods lowered their target price on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an "outperform" rating on the stock in a report on Tuesday, January 14th. JMP Securities boosted their target price on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 30th. Finally, Raymond James decreased their price objective on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd.

KKR Real Estate Finance Trust Stock Down 1.5 %

KREF traded down $0.16 during trading on Thursday, reaching $10.14. The company had a trading volume of 188,325 shares, compared to its average volume of 380,902. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63. KKR Real Estate Finance Trust has a 12 month low of $8.71 and a 12 month high of $13.19. The business's fifty day moving average price is $10.86 and its 200 day moving average price is $11.27. The company has a market cap of $705.58 million, a P/E ratio of -33.82 and a beta of 1.00.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.03. The business had revenue of $140.15 million for the quarter, compared to analyst estimates of $39.52 million. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Equities analysts anticipate that KKR Real Estate Finance Trust will post 1.4 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.86%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently -333.32%.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in shares of KKR Real Estate Finance Trust in the third quarter worth about $25,000. Abel Hall LLC bought a new position in shares of KKR Real Estate Finance Trust in the third quarter worth about $138,000. First Trust Direct Indexing L.P. lifted its holdings in shares of KKR Real Estate Finance Trust by 24.6% in the third quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company's stock worth $159,000 after acquiring an additional 2,546 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of KKR Real Estate Finance Trust in the third quarter worth about $197,000. Finally, Creative Planning lifted its holdings in shares of KKR Real Estate Finance Trust by 37.0% in the third quarter. Creative Planning now owns 21,524 shares of the company's stock worth $266,000 after acquiring an additional 5,809 shares during the last quarter. Institutional investors own 70.23% of the company's stock.

About KKR Real Estate Finance Trust

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.