KKR Real Estate Finance Trust (NYSE:KREF) Stock Rated “Hold” by Wall Street Analysts

Shares of KKR Real Estate Finance Trust (NYSE:KREF) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $8.67.

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price 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 cut their price target on KKR Real Estate Finance Trust from $6.50 to $5.50 and set a “market perform” rating on the stock in a report on Tuesday, November 3rd. Weiss Ratings restated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Thursday, October 15th. Citigroup restated a “market perform” rating on shares of KKR Real Estate Finance Trust in a research report on Tuesday, September 15th. Finally, Raymond James Financial upgraded 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 note on Thursday, August 6th.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Several hedge funds and other institutional investors have recently modified their holdings of KREF. Versant Capital Management Inc lifted its holdings in shares of KKR Real Estate Finance Trust by 56.0% during the 3rd quarter. Versant Capital Management Inc now owns 5,038 shares of the company’s stock worth $31,000 after acquiring an additional 1,809 shares during the period. Allworth Financial LP raised its position in KKR Real Estate Finance Trust by 52.1% in the second quarter. Allworth Financial LP now owns 7,937 shares of the company’s stock worth $54,000 after purchasing an additional 2,719 shares in the last quarter. Brighton Jones LLC lifted its stake in KKR Real Estate Finance Trust by 26.1% during the third quarter. Brighton Jones LLC now owns 17,141 shares of the company’s stock worth $106,000 after purchasing an additional 3,551 shares during the period. GAMMA Investing LLC lifted its stake in KKR Real Estate Finance Trust by 68.3% during the third quarter. GAMMA Investing LLC now owns 8,902 shares of the company’s stock worth $55,000 after purchasing an additional 3,614 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in KKR Real Estate Finance Trust during the second quarter worth about $25,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Up 1.0%

KREF opened at $5.71 on Thursday. The firm has a market cap of $327.53 million, a price-to-earnings ratio of -1.63 and a beta of 0.91. KKR Real Estate Finance Trust has a fifty-two week low of $4.93 and a fifty-two week high of $9.10. The company’s 50-day moving average price is $6.31 and its 200 day moving average price is $6.83.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date was Wednesday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -11.40%.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc (NYSE: KREF) is a real estate investment trust that originates and acquires commercial real estate loans. The company primarily focuses on senior loans secured by institutional-quality properties, including office, multifamily, industrial, hospitality and other commercial real estate assets.

KREF’s investment portfolio is generally composed of floating-rate mortgage loans backed by properties in major U.S. markets. Its financing activities are designed to provide borrowers with capital for property acquisitions, refinancing, redevelopment and other commercial real estate needs.

The company is externally managed by an affiliate of KKR & Co Inc, a global investment firm with real estate investment capabilities.