KKR Real Estate Finance Trust Inc (NYSE:KREF) announced a quarterly dividend on Thursday, December 14th, NASDAQ reports. Investors of record on Friday, December 29th will be given a dividend of 0.37 per share on Friday, January 12th. This represents a $1.48 annualized dividend and a dividend yield of 7.48%. The ex-dividend date of this dividend is Thursday, December 28th.
Shares of KKR Real Estate Finance Trust (KREF) opened at $19.79 on Thursday. The company has a quick ratio of 1,736.11, a current ratio of 1,736.11 and a debt-to-equity ratio of 0.71. KKR Real Estate Finance Trust has a 1-year low of $19.57 and a 1-year high of $23.99.
In other news, CEO Christen E.J. Lee purchased 12,000 shares of KKR Real Estate Finance Trust stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average price of $19.99 per share, with a total value of $239,880.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
An institutional investor recently bought a new position in KKR Real Estate Finance Trust stock. State Street Corp bought a new position in KKR Real Estate Finance Trust Inc (NYSE:KREF) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 102,209 shares of the company’s stock, valued at approximately $2,200,000. State Street Corp owned 0.22% of KKR Real Estate Finance Trust at the end of the most recent quarter. 65.67% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on KREF shares. Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $22.00 target price on shares of KKR Real Estate Finance Trust in a report on Friday, November 10th. Finally, ValuEngine raised shares of KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $22.67.
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KKR Real Estate Finance Trust Company Profile
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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