Analysts Set KKR Real Estate Finance Trust Inc. (NYSE:KREF) PT at $12.46

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have been given a consensus recommendation of “Buy” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $12.46.

Several research analysts have recently weighed in on KREF shares. Keefe, Bruyette & Woods cut their price target on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE KREF opened at $11.28 on Friday. The business’s 50 day moving average is $10.78 and its 200-day moving average is $11.28. KKR Real Estate Finance Trust has a 1-year low of $8.71 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. The firm has a market cap of $774.75 million, a P/E ratio of 62.64 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its 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 return on equity of 8.53% and a net margin of 6.30%. Equities research analysts predict 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.87%. KKR Real Estate Finance Trust’s payout ratio is 555.56%.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Large investors have recently modified their holdings of the stock. Azora Capital LP purchased a new position in KKR Real Estate Finance Trust during the 3rd quarter valued at about $20,167,000. Geode Capital Management LLC lifted its position in KKR Real Estate Finance Trust by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,373,685 shares of the company’s stock worth $13,878,000 after acquiring an additional 18,535 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in KKR Real Estate Finance Trust by 10.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,045,773 shares of the company’s stock valued at $10,562,000 after buying an additional 95,540 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of KKR Real Estate Finance Trust by 116.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company’s stock valued at $8,531,000 after acquiring an additional 454,517 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in KKR Real Estate Finance Trust by 31.7% during the 4th quarter. JPMorgan Chase & Co. now owns 728,875 shares of the company’s stock worth $7,362,000 after purchasing an additional 175,603 shares during the period. 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.