JPMorgan Chase & Co. Cuts KKR Real Estate Finance Trust (NYSE:KREF) Price Target to $11.50

KKR Real Estate Finance Trust (NYSE:KREF) had its target price reduced by JPMorgan Chase & Co. from $12.00 to $11.50 in a research note published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

KREF has been the subject of several other research reports. Raymond James dropped their target price on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. JMP Securities boosted their target price on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $11.50 to $13.00 in a report on Thursday, September 5th. Finally, Wells Fargo & Company increased their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, KKR Real Estate Finance Trust currently has a consensus rating of “Buy” and an average price target of $12.75.

KKR Real Estate Finance Trust Trading Down 0.0 %

Shares of KREF opened at $11.32 on Monday. The company has a market capitalization of $787.18 million, a PE ratio of -37.72 and a beta of 0.98. The stock has a fifty day moving average of $11.68 and a two-hundred day moving average of $11.02. KKR Real Estate Finance Trust has a fifty-two week low of $8.71 and a fifty-two week high of $14.12. The company has a debt-to-equity ratio of 3.75, a quick ratio of 277.63 and a current ratio of 277.63.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its earnings results on Monday, October 21st. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $140.15 million during the quarter, compared to analysts’ expectations of $39.52 million. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. During the same quarter in the previous year, the business earned $0.47 EPS. As a group, analysts forecast that KKR Real Estate Finance Trust will post 1.4 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.84%. The ex-dividend date was Monday, September 30th. KKR Real Estate Finance Trust’s payout ratio is presently -333.32%.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in KKR Real Estate Finance Trust by 17.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock valued at $170,000 after purchasing an additional 2,481 shares during the period. SG Americas Securities LLC acquired a new stake in KKR Real Estate Finance Trust during the second quarter worth $138,000. TrueMark Investments LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at about $1,305,000. Van ECK Associates Corp lifted its position in shares of KKR Real Estate Finance Trust by 31.2% during the 2nd quarter. Van ECK Associates Corp now owns 356,891 shares of the company’s stock worth $3,230,000 after buying an additional 84,889 shares during the period. Finally, Wedbush Securities Inc. acquired a new position in KKR Real Estate Finance Trust during the second quarter worth $427,000. Institutional investors 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.