Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Free Report) have earned an average rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is $12.46.
Several equities analysts recently commented on the company. JMP Securities upped their price objective on 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 dropped their price objective on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Raymond James dropped their target price on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. dropped their target price on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st.
KKR Real Estate Finance Trust Stock Performance
KKR Real Estate Finance Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.92%. KKR Real Estate Finance Trust’s dividend payout ratio is currently -333.33%.
Institutional Trading of KKR Real Estate Finance Trust
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Azora Capital LP purchased a new position in shares of KKR Real Estate Finance Trust during the third quarter valued at approximately $20,167,000. Van ECK Associates Corp increased its position in shares of KKR Real Estate Finance Trust by 27.6% during the third quarter. Van ECK Associates Corp now owns 455,291 shares of the company’s stock valued at $5,372,000 after acquiring an additional 98,400 shares in the last quarter. GFS Advisors LLC increased its position in shares of KKR Real Estate Finance Trust by 9,591.3% during the third quarter. GFS Advisors LLC now owns 290,740 shares of the company’s stock valued at $3,591,000 after acquiring an additional 287,740 shares in the last quarter. FMR LLC increased its position in shares of KKR Real Estate Finance Trust by 3.4% during the third quarter. FMR LLC now owns 255,599 shares of the company’s stock valued at $3,157,000 after acquiring an additional 8,448 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in shares of KKR Real Estate Finance Trust during the third quarter valued at approximately $2,792,000. 70.23% of the stock is currently owned by hedge funds and other institutional investors.
About KKR Real Estate Finance Trust
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.
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