Shares of KKR Real Estate Finance Trust (NYSE:KREF – Get Free Report) have received an average recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $8.83.
KREF has been the subject of a number of research analyst reports. Citigroup reiterated a “market perform” rating on shares of KKR Real Estate Finance Trust in a report on Tuesday, September 15th. Wall Street Zen lowered KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Weiss Ratings restated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a report on Friday, July 17th. Raymond James Financial raised shares of KKR Real Estate Finance Trust from an “outperform” rating to a “strong-buy” rating and set a $9.50 price objective for the company in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of KKR Real Estate Finance Trust from $8.00 to $7.50 and set an “underweight” rating for the company in a research report on Friday, July 24th.
Read Our Latest Stock Analysis on KREF
KKR Real Estate Finance Trust Trading Up 1.6%
Shares of KREF opened at $5.96 on Friday. The firm’s fifty day simple moving average is $6.97 and its two-hundred day simple moving average is $6.86. KKR Real Estate Finance Trust has a 12 month low of $5.25 and a 12 month high of $9.10. The stock has a market capitalization of $348.84 million, a P/E ratio of -1.82 and a beta of 0.88.
KKR Real Estate Finance Trust (NYSE:KREF – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.02). KKR Real Estate Finance Trust had a negative return on equity of 1.53% and a negative net margin of 47.33%. The business had revenue of $29.34 million during the quarter, compared to the consensus estimate of $24.97 million. As a group, research analysts predict that KKR Real Estate Finance Trust will post 0.28 EPS for the current fiscal year.
KKR Real Estate Finance Trust Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Wednesday, September 30th. KKR Real Estate Finance Trust’s payout ratio is presently -12.20%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of KREF. GAMMA Investing LLC increased its stake in KKR Real Estate Finance Trust by 68.3% in the third quarter. GAMMA Investing LLC now owns 8,902 shares of the company’s stock valued at $55,000 after purchasing an additional 3,614 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of KKR Real Estate Finance Trust by 56.0% during the third quarter. Versant Capital Management Inc now owns 5,038 shares of the company’s stock valued at $31,000 after purchasing an additional 1,809 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of KKR Real Estate Finance Trust during the second quarter valued at about $183,000. Tidal Investments LLC bought a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter worth about $609,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter worth about $25,000. 70.23% of the stock is owned by institutional investors.
About KKR Real Estate Finance Trust
KKR Real Estate Finance Trust Inc (NYSE: KREF) is a real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily focuses on senior mortgage loans secured by institutional-quality properties, with an emphasis on transitional assets that may require renovation, leasing or other improvements.
KREF’s loan portfolio is generally backed by commercial properties across major U.S. markets. The underlying properties may include multifamily, office, hotel, industrial, life science, student housing and other commercial real estate assets.
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