KKR Real Estate Finance Trust (NYSE:KREF) Reaches New 1-Year Low at $8.93

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) reached a new 52-week low on Friday . The company traded as low as $8.93 and last traded at $9.03, with a volume of 44086 shares. The stock had previously closed at $9.19.

Analysts Set New Price Targets

KREF has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Keefe, Bruyette & Woods cut their target price on shares of KKR Real Estate Finance Trust from $10.00 to $9.75 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Finally, JMP Securities reiterated a “market outperform” rating and set a $12.00 price target on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.82.

KKR Real Estate Finance Trust Stock Up 1.2 %

The stock has a market cap of $627.26 million, a price-to-earnings ratio of -19.67 and a beta of 0.99. The firm has a 50 day simple moving average of $9.51 and a two-hundred day simple moving average of $10.58. The company has a debt-to-equity ratio of 4.20, a current ratio of 364.56 and a quick ratio of 364.56.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. KKR Real Estate Finance Trust had a negative net margin of 1.39% and a positive return on equity of 10.38%. The business had revenue of $151.62 million for the quarter, compared to the consensus estimate of $43.16 million. During the same period last year, the company posted $0.48 EPS. As a group, sell-side analysts expect that KKR Real Estate Finance Trust Inc. will post 1.21 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.00 annualized dividend and a yield of 11.05%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -217.39%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KREF. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of KKR Real Estate Finance Trust by 9.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,148,784 shares of the company’s stock valued at $21,617,000 after buying an additional 178,603 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of KKR Real Estate Finance Trust by 14.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 804,214 shares of the company’s stock worth $10,640,000 after acquiring an additional 104,360 shares during the period. Allianz Asset Management GmbH lifted its position in KKR Real Estate Finance Trust by 3.6% in the 4th quarter. Allianz Asset Management GmbH now owns 545,212 shares of the company’s stock valued at $7,213,000 after acquiring an additional 19,100 shares in the last quarter. Principal Financial Group Inc. boosted its stake in KKR Real Estate Finance Trust by 14.1% in the 1st quarter. Principal Financial Group Inc. now owns 346,350 shares of the company’s stock worth $3,484,000 after purchasing an additional 42,730 shares during the period. Finally, Van ECK Associates Corp increased its holdings in KKR Real Estate Finance Trust by 15.4% during the 1st quarter. Van ECK Associates Corp now owns 272,002 shares of the company’s stock worth $2,736,000 after purchasing an additional 36,299 shares in the last quarter. 70.23% of the stock is currently owned by institutional investors.

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.