Raymond James Trims KKR Real Estate Finance Trust (NYSE:KREF) Target Price to $13.50

KKR Real Estate Finance Trust (NYSE:KREF - Free Report) had its target price decreased by Raymond James from $14.00 to $13.50 in a report issued on Wednesday morning, Benzinga reports. Raymond James currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company lifted their price objective on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an "overweight" rating in a research note on Friday, September 20th. JPMorgan Chase & Co. lifted their price target on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. BTIG Research reaffirmed a "buy" rating and set a $11.50 price target on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. Finally, Keefe, Bruyette & Woods raised KKR Real Estate Finance Trust from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $11.50 to $13.00 in a research note on Thursday, September 5th. One research analyst has rated the stock with a hold rating and six have issued 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 an average target price of $12.43.

KKR Real Estate Finance Trust Price Performance

NYSE:KREF traded up $0.13 during trading hours on Wednesday, hitting $11.80. 477,719 shares of the company's stock traded hands, compared to its average volume of 529,106. The firm has a market cap of $817.91 million, a P/E ratio of -25.46 and a beta of 0.99. KKR Real Estate Finance Trust has a 52 week low of $8.71 and a 52 week high of $14.12. The business's fifty day simple moving average is $11.93 and its two-hundred day simple moving average is $10.55. The company has a quick ratio of 392.62, a current ratio of 392.62 and a debt-to-equity ratio of 3.86.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03. The company had revenue of $140.15 million during the quarter, compared to analyst estimates of $39.52 million. KKR Real Estate Finance Trust had a return on equity of 9.88% and a net margin of 5.88%. During the same quarter last year, the company earned $0.47 earnings per share. On average, research analysts anticipate that KKR Real Estate Finance Trust will post 1.35 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 8.47%. KKR Real Estate Finance Trust's dividend payout ratio is currently -217.39%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. OmniStar Financial Group Inc. purchased a new position in shares of KKR Real Estate Finance Trust in the third quarter worth about $492,000. Creative Planning increased 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 buying an additional 5,809 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of KKR Real Estate Finance Trust in the third quarter worth about $25,000. SG Americas Securities LLC increased its holdings in KKR Real Estate Finance Trust by 128.3% during the 3rd quarter. SG Americas Securities LLC now owns 34,821 shares of the company's stock valued at $430,000 after purchasing an additional 19,570 shares during the period. Finally, Algert Global LLC increased its holdings in KKR Real Estate Finance Trust by 7.2% during the 2nd quarter. Algert Global LLC now owns 88,193 shares of the company's stock valued at $798,000 after purchasing an additional 5,933 shares during the period. Hedge funds and other 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.