JPMorgan Chase & Co. Cuts KKR Real Estate Finance Trust (NYSE:KREF) Price Target to $10.50

KKR Real Estate Finance Trust (NYSE:KREF) had its price target reduced by JPMorgan Chase & Co. from $11.50 to $10.50 in a report published on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on KREF. JMP Securities upped their price target on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods lowered their price target on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a report on Tuesday, January 14th. Finally, Raymond James reduced their price objective on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $12.46.

KKR Real Estate Finance Trust Trading Down 1.7 %

Shares of KKR Real Estate Finance Trust stock opened at $10.12 on Tuesday. KKR Real Estate Finance Trust has a twelve month low of $8.71 and a twelve month high of $13.19. 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 business has a 50-day moving average price of $10.83 and a 200-day moving average price of $11.27. The firm has a market cap of $704.05 million, a price-to-earnings ratio of -33.73 and a beta of 1.00.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Monday, October 21st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. The business had revenue of $140.15 million during the quarter, compared to analysts’ expectations of $39.52 million. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. During the same quarter last year, the business posted $0.47 EPS. Equities research analysts anticipate that KKR Real Estate Finance Trust will post 1.4 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date of this dividend was Tuesday, December 31st. KKR Real Estate Finance Trust’s dividend payout ratio is currently -333.32%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC bought a new position in KKR Real Estate Finance Trust in the third quarter worth approximately $25,000. Abel Hall LLC acquired a new position in KKR Real Estate Finance Trust during the 3rd quarter valued at about $138,000. First Trust Direct Indexing L.P. raised its stake in 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 valued at $159,000 after buying an additional 2,546 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth about $197,000. Finally, Creative Planning increased its holdings in shares of KKR Real Estate Finance Trust by 37.0% during the third quarter. Creative Planning now owns 21,524 shares of the company’s stock valued at $266,000 after acquiring an additional 5,809 shares in the last quarter. 70.23% of the stock is currently owned by institutional investors.

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.