Shares of KKR Real Estate Finance Trust Inc (NASDAQ:KREF) have been given a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Analysts have set a 12 month consensus target price of $21.00 for the company, according to Zacks. Zacks has also assigned KKR Real Estate Finance Trust an industry rank of 79 out of 265 based on the ratings given to related companies.
KREF has been the topic of several analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $22.50 price target on shares of KKR Real Estate Finance Trust in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, August 1st.
In other news, CEO Christen E.J. Lee purchased 17,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $19.95 per share, for a total transaction of $341,145.00. Following the completion of the transaction, the chief executive officer now owns 36,957 shares in the company, valued at $737,292.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Institutional investors and hedge funds have recently bought and sold shares of the business. Nationwide Fund Advisors purchased a new position in KKR Real Estate Finance Trust during the second quarter valued at $128,000. The Manufacturers Life Insurance Company purchased a new position in KKR Real Estate Finance Trust during the second quarter valued at $154,000. Tower Research Capital LLC TRC purchased a new position in KKR Real Estate Finance Trust during the second quarter valued at $187,000. Raymond James Financial Services Advisors Inc. purchased a new position in KKR Real Estate Finance Trust during the third quarter valued at $205,000. Finally, Rhumbline Advisers purchased a new position in KKR Real Estate Finance Trust during the second quarter valued at $235,000.
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KKR Real Estate Finance Trust (NASDAQ KREF) remained flat at $20.34 during midday trading on Friday. The company had a trading volume of 27,309 shares. The stock has a market cap of $1.09 billion and a PE ratio of 13.17. KKR Real Estate Finance Trust has a 52 week low of $19.57 and a 52 week high of $23.99. The company’s 50-day moving average is $21.18 and its 200-day moving average is $21.25.
KKR Real Estate Finance Trust (NASDAQ:KREF) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $17.45 million for the quarter, compared to analyst estimates of $17.87 million. KKR Real Estate Finance Trust had a net margin of 64.81% and a return on equity of 6.60%. On average, equities research analysts forecast that KKR Real Estate Finance Trust will post $1.31 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Saturday, September 30th were given a dividend of $0.37 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.48 annualized dividend and a yield of 7.28%.
About KKR Real Estate Finance Trust
KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds.
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