JPMorgan Chase & Co. Issues Pessimistic Forecast for KKR Real Estate Finance Trust (NYSE:KREF) Stock Price

KKR Real Estate Finance Trust (NYSE:KREF - Free Report) had its price objective decreased by JPMorgan Chase & Co. from $11.50 to $9.50 in a report published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Separately, Keefe, Bruyette & Woods lowered KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 target price on the stock. in a report on Monday, April 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, KKR Real Estate Finance Trust has a consensus rating of "Moderate Buy" and a consensus price target of $12.04.

KKR Real Estate Finance Trust Trading Up 0.0 %

KREF traded up $0.00 on Wednesday, hitting $9.08. The company had a trading volume of 558,404 shares, compared to its average volume of 498,740. The company's fifty day moving average price is $10.51 and its 200 day moving average price is $10.90. The firm has a market cap of $624.13 million, a P/E ratio of 50.46 and a beta of 0.88. KKR Real Estate Finance Trust has a 1 year low of $8.28 and a 1 year high of $12.95. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.20. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. As a group, equities analysts expect that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.01%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently 555.56%.

Institutional Trading of KKR Real Estate Finance Trust

Several institutional investors have recently added to or reduced their stakes in KREF. Farther Finance Advisors LLC boosted its holdings in shares of KKR Real Estate Finance Trust by 9,954.2% in the 1st quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company's stock valued at $26,000 after buying an additional 2,389 shares during the period. GAMMA Investing LLC lifted its holdings in KKR Real Estate Finance Trust by 2,508.7% in the first quarter. GAMMA Investing LLC now owns 5,400 shares of the company's stock worth $58,000 after acquiring an additional 5,193 shares during the last quarter. Wellington Management Group LLP acquired a new position in KKR Real Estate Finance Trust in the fourth quarter valued at approximately $5,350,000. Squarepoint Ops LLC bought a new position in shares of KKR Real Estate Finance Trust during the fourth quarter valued at approximately $199,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the 4th quarter worth approximately $119,000. 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.