Analysts Set KKR Real Estate Finance Trust (NYSE:KREF) PT at $8.92

KKR Real Estate Finance Trust (NYSE:KREF) has received an average rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $8.9167.

Several research firms recently weighed in on KREF. Citigroup reiterated a “market perform” rating on shares of KKR Real Estate Finance Trust in a research report on Tuesday, September 15th. JPMorgan Chase & Co. lowered their price target on KKR Real Estate Finance Trust from $8.00 to $7.50 and set an “underweight” rating for the company in a report on Friday, July 24th. Keefe, Bruyette & Woods lifted their price target on KKR Real Estate Finance Trust from $6.50 to $7.00 and gave the company a “market perform” rating in a report on Thursday, July 23rd. Wall Street Zen downgraded shares of KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Finally, Zacks Research upgraded shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Hedge funds have recently made changes to their positions in the stock. Beach Point Capital Management LP acquired a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at approximately $1,634,000. Conversant Capital LLC acquired a new position in shares of KKR Real Estate Finance Trust during the first quarter worth $9,000,000. Endure Capital Management LLC purchased a new position in shares of KKR Real Estate Finance Trust in the first quarter valued at $1,545,000. Corient Private Wealth LP purchased a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at $1,321,000. Finally, Compass Rose Asset Management LP acquired a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at $2,754,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Performance

NYSE:KREF opened at $6.64 on Wednesday. The firm has a 50 day simple moving average of $7.37 and a 200-day simple moving average of $6.92. The company has a debt-to-equity ratio of 4.36, a current ratio of 407.64 and a quick ratio of 407.64. The firm has a market cap of $388.74 million, a PE ratio of -2.02 and a beta of 0.83. KKR Real Estate Finance Trust has a 1-year low of $5.25 and a 1-year high of $9.60.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Tuesday, July 21st. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $29.34 million for the quarter, compared to analyst estimates of $24.97 million. On average, equities analysts expect that KKR Real Estate Finance Trust will post 0.28 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 6.0%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently -12.20%.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc (NYSE: KREF) is a publicly traded real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily provides senior loans secured by institutional-quality properties, with a focus on generating income from commercial real estate credit investments.

KREF’s investments are generally backed by properties in sectors such as multifamily, office, industrial, hospitality and other commercial real estate categories.