KKR Real Estate Finance Trust (NYSE:KREF) Price Target Lowered to $8.75 at Keefe, Bruyette & Woods

KKR Real Estate Finance Trust (NYSE:KREF) had its price objective reduced by Keefe, Bruyette & Woods from $9.50 to $8.75 in a report released on Thursday morning,Benzinga reports. They currently have a market perform rating on the stock.

Several other research firms have also weighed in on KREF. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $9.00 target price (down from $9.50) on shares of KKR Real Estate Finance Trust in a report on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a report on Wednesday, October 8th. 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. Finally, 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. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.92.

KKR Real Estate Finance Trust Stock Performance

Shares of NYSE KREF opened at $8.69 on Thursday. The company has a current ratio of 423.43, a quick ratio of 440.20 and a debt-to-equity ratio of 3.63. KKR Real Estate Finance Trust has a 12 month low of $8.27 and a 12 month high of $12.33. The company has a 50 day simple moving average of $9.21 and a two-hundred day simple moving average of $9.15. The stock has a market cap of $568.78 million, a price-to-earnings ratio of -24.81 and a beta of 0.89.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.37). KKR Real Estate Finance Trust had a negative net margin of 0.12% and a negative return on equity of 0.60%. The business had revenue of $35.75 million for the quarter, compared to analyst estimates of $32.55 million. As a group, 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 business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 11.5%. KKR Real Estate Finance Trust’s dividend payout ratio is presently -151.52%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KREF. Balyasny Asset Management L.P. lifted its position in KKR Real Estate Finance Trust by 368.5% in the second quarter. Balyasny Asset Management L.P. now owns 536,084 shares of the company’s stock valued at $4,701,000 after buying an additional 421,657 shares during the last quarter. Invesco Ltd. lifted its position in KKR Real Estate Finance Trust by 92.2% in the second quarter. Invesco Ltd. now owns 841,503 shares of the company’s stock valued at $7,380,000 after buying an additional 403,660 shares during the last quarter. Nuveen LLC acquired a new position in KKR Real Estate Finance Trust in the first quarter valued at about $2,241,000. Rhino Investment Partners Inc lifted its position in KKR Real Estate Finance Trust by 207.7% in the first quarter. Rhino Investment Partners Inc now owns 296,668 shares of the company’s stock valued at $3,204,000 after buying an additional 200,244 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in KKR Real Estate Finance Trust by 148.3% in the second quarter. Bank of America Corp DE now owns 312,596 shares of the company’s stock valued at $2,741,000 after buying an additional 186,687 shares during the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.

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.