Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Get Free Report) have earned a consensus rating of "Buy" from the six analysts that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have covered the stock in the last year is $12.83.
KREF has been the topic of a number of research reports. 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 report on Friday, September 20th. Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $11.50 to $13.00 in a report on Thursday, September 5th. Raymond James dropped their price target on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. JMP Securities raised their target price on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price target on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th.
Check Out Our Latest Stock Report on KREF
KKR Real Estate Finance Trust Price Performance
Shares of NYSE:KREF traded up $0.04 during trading on Wednesday, reaching $11.43. 133,761 shares of the company traded hands, compared to its average volume of 522,167. The firm has a market capitalization of $795.22 million, a PE ratio of -38.20 and a beta of 0.98. KKR Real Estate Finance Trust has a 52 week low of $8.71 and a 52 week high of $14.12. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75. The company's 50 day moving average is $11.77 and its two-hundred day moving average is $10.97.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its earnings results on Monday, October 21st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. The company had revenue of $140.15 million during the quarter, compared to analysts' expectations of $39.52 million. During the same period in the previous year, the company earned $0.47 EPS. As a group, sell-side analysts predict that KKR Real Estate Finance Trust will post 1.4 earnings per share for the current year.
KKR Real Estate Finance Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.75%. The ex-dividend date of this dividend was Monday, September 30th. KKR Real Estate Finance Trust's payout ratio is -333.33%.
Institutional Investors Weigh In On KKR Real Estate Finance Trust
Hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in shares of KKR Real Estate Finance Trust by 17.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company's stock worth $170,000 after acquiring an additional 2,481 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at $138,000. TrueMark Investments LLC purchased a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter worth about $1,305,000. Van ECK Associates Corp grew its position in KKR Real Estate Finance Trust by 31.2% during the second quarter. Van ECK Associates Corp now owns 356,891 shares of the company's stock valued at $3,230,000 after buying an additional 84,889 shares during the period. Finally, Wedbush Securities Inc. purchased a new stake in KKR Real Estate Finance Trust during the second quarter worth about $427,000. Institutional investors own 70.23% of the company's stock.
KKR Real Estate Finance Trust Company Profile
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Get Free ReportKKR 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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