KKR Real Estate Finance Trust (KREF) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust (NYSE:KREF) from a strong sell rating to a hold rating in a research report released on Wednesday.

According to Zacks, “KKR Real Estate Finance Trust Inc. is a real estate finance company. It focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. KKR Real Estate Finance Trust Inc. is headquartered in New York. “

KREF has been the topic of a number of other reports. ValuEngine upgraded KKR Real Estate Finance Trust from a hold rating to a buy rating in a report on Friday, December 29th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $22.00 price target on shares of KKR Real Estate Finance Trust in a report on Friday, November 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $22.67.

KKR Real Estate Finance Trust (KREF) traded down $0.10 on Wednesday, reaching $19.80. The company’s stock had a trading volume of 29,541 shares, compared to its average volume of 62,930. KKR Real Estate Finance Trust has a one year low of $19.57 and a one year high of $23.99. The company has a current ratio of 1,736.11, a quick ratio of 1,736.11 and a debt-to-equity ratio of 0.71.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.47%.

In related news, CEO Christen E.J. Lee purchased 12,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of $19.99 per share, for a total transaction of $239,880.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Several large investors have recently made changes to their positions in KREF. Schwab Charles Investment Management Inc. purchased a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at $814,000. Rhumbline Advisers purchased a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at $235,000. Bank of New York Mellon Corp purchased a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at $787,000. Kennedy Capital Management Inc. purchased a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at $2,085,000. Finally, Teachers Advisors LLC purchased a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at $404,000. Institutional investors and hedge funds own 65.67% of the company’s stock.

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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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