KKR Real Estate Finance Trust (NYSE:KREF) Sets New 1-Year Low - Here's Why

KKR Real Estate Finance Trust Inc. (NYSE:KREF - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $8.60 and last traded at $8.73, with a volume of 158603 shares trading hands. The stock had previously closed at $9.56.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered shares of 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 research note on Monday, April 7th. JPMorgan Chase & Co. dropped their price objective 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, January 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.21.

KKR Real Estate Finance Trust Trading Down 1.4 %

The firm has a market cap of $591.97 million, a price-to-earnings ratio of 47.86 and a beta of 0.88. The firm's 50-day moving average is $10.71 and its 200-day moving average is $11.00. 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 data on Monday, February 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, sell-side analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.61%. The ex-dividend date is Monday, March 31st. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently 555.56%.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Several large investors have recently bought and sold shares of KREF. Wellington Management Group LLP bought a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth approximately $5,350,000. Price T Rowe Associates Inc. MD increased its position in shares of KKR Real Estate Finance Trust by 2,400.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 477,633 shares of the company's stock valued at $4,825,000 after acquiring an additional 458,530 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in KKR Real Estate Finance Trust by 116.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company's stock worth $8,531,000 after acquiring an additional 454,517 shares during the period. Lighthouse Investment Partners LLC purchased a new position in KKR Real Estate Finance Trust in the fourth quarter worth $2,477,000. Finally, Raymond James Financial Inc. bought a new position in KKR Real Estate Finance Trust in the 4th quarter valued at $1,835,000. 70.23% of the stock is currently owned by institutional investors.

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.