KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives $12.46 Consensus Price Target from Analysts

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have been assigned an average rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.46.

KREF has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their target price on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a report on Tuesday, January 14th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Azora Capital LP acquired a new position in KKR Real Estate Finance Trust during the 3rd quarter valued at about $20,167,000. Geode Capital Management LLC lifted its position in KKR Real Estate Finance Trust by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,373,685 shares of the company’s stock valued at $13,878,000 after purchasing an additional 18,535 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in KKR Real Estate Finance Trust by 10.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,045,773 shares of the company’s stock valued at $10,562,000 after purchasing an additional 95,540 shares during the period. Balyasny Asset Management L.P. lifted its position in KKR Real Estate Finance Trust by 116.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company’s stock valued at $8,531,000 after purchasing an additional 454,517 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in KKR Real Estate Finance Trust by 31.7% during the 4th quarter. JPMorgan Chase & Co. now owns 728,875 shares of the company’s stock valued at $7,362,000 after purchasing an additional 175,603 shares during the period. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Price Performance

KKR Real Estate Finance Trust stock opened at $11.09 on Friday. The business has a 50 day simple moving average of $10.69 and a 200 day simple moving average of $11.29. KKR Real Estate Finance Trust has a one year low of $8.71 and a one year high of $12.95. The company has a market capitalization of $762.31 million, a PE ratio of 61.63 and a beta of 0.99. The company has a debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 296.16.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.20. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. On average, sell-side analysts forecast that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 9.01%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is 555.56%.

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.