Shares of KKR Real Estate Finance Trust Inc (NYSE:KREF) have been given an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus target price of $21.00 for the company, according to Zacks. Zacks has also given KKR Real Estate Finance Trust an industry rank of 97 out of 265 based on the ratings given to its competitors.
KREF has been the subject of a number of research reports. Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, October 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $22.00 price target on shares of KKR Real Estate Finance Trust in a research note on Friday, November 10th.
In other KKR Real Estate Finance Trust news, CEO Christen E.J. Lee bought 12,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was acquired 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 is accessible through this link.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nationwide Fund Advisors purchased a new stake in shares of KKR Real Estate Finance Trust during the second quarter valued at approximately $128,000. Wells Fargo & Company MN grew its holdings in shares of KKR Real Estate Finance Trust by 293.7% during the third quarter. Wells Fargo & Company MN now owns 6,712 shares of the company’s stock valued at $141,000 after buying an additional 5,007 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of KKR Real Estate Finance Trust during the second quarter valued at approximately $154,000. Tower Research Capital LLC TRC purchased a new stake in shares of KKR Real Estate Finance Trust during the second quarter valued at approximately $187,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of KKR Real Estate Finance Trust during the third quarter valued at approximately $205,000. 65.67% of the stock is owned by institutional investors and hedge funds.
KKR Real Estate Finance Trust (NYSE:KREF) traded down $0.13 during mid-day trading on Tuesday, reaching $20.60. 22,186 shares of the company were exchanged, compared to its average volume of 71,699. KKR Real Estate Finance Trust has a 12 month low of $19.57 and a 12 month high of $23.99. 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.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.18%. The ex-dividend date is Thursday, December 28th.
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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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