KKR Real Estate Finance Trust (NYSE:KREF) Receives $11.44 Consensus Target Price from Brokerages

KKR Real Estate Finance Trust (NYSE:KREF) has been given an average recommendation of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $11.4375.

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a report on Saturday, September 27th. Zacks Research raised shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wall Street Zen raised shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a report on Friday, September 5th.

KKR Real Estate Finance Trust Trading Up 1.4%

KREF opened at $9.07 on Wednesday. The stock has a market capitalization of $595.39 million, a PE ratio of -13.73 and a beta of 0.89. The firm’s fifty day moving average price is $9.37 and its 200 day moving average price is $9.33. The company has a debt-to-equity ratio of 3.81, a current ratio of 440.20 and a quick ratio of 440.20. KKR Real Estate Finance Trust has a 12-month low of $8.28 and a 12-month high of $12.33.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.37). The company had revenue of $35.75 million during the quarter, compared to analyst estimates of $32.55 million. KKR Real Estate Finance Trust had a negative net margin of 4.43% and a positive return on equity of 1.61%. As a group, research analysts expect that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Tuesday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio is -151.52%.

Institutional Trading of KKR Real Estate Finance Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of KKR Real Estate Finance Trust by 8.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,115,655 shares of the company’s stock worth $9,784,000 after purchasing an additional 84,647 shares during the period. Invesco Ltd. raised its holdings in shares of KKR Real Estate Finance Trust by 92.2% during the second quarter. Invesco Ltd. now owns 841,503 shares of the company’s stock worth $7,380,000 after purchasing an additional 403,660 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of KKR Real Estate Finance Trust by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 666,973 shares of the company’s stock worth $7,203,000 after purchasing an additional 29,112 shares during the period. Wellington Management Group LLP raised its holdings in shares of KKR Real Estate Finance Trust by 5.9% during the first quarter. Wellington Management Group LLP now owns 560,847 shares of the company’s stock worth $6,057,000 after purchasing an additional 31,097 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in shares of KKR Real Estate Finance Trust by 368.5% during the second quarter. Balyasny Asset Management L.P. now owns 536,084 shares of the company’s stock worth $4,701,000 after purchasing an additional 421,657 shares during the period. 70.23% of the stock is owned by institutional investors and hedge funds.

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.