KKR Real Estate Finance Trust Inc (NYSE:KREF) has been assigned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.50.
A number of equities analysts have recently weighed in on KREF shares. Zacks Investment Research lowered KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. ValuEngine lowered KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. lowered KKR Real Estate Finance Trust from a “neutral” rating to an “underweight” rating and set a $23.00 target price on the stock. in a research report on Tuesday, February 6th. Finally, Barclays started coverage on KKR Real Estate Finance Trust in a research report on Friday, January 19th. They set an “overweight” rating on the stock.
Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC bought a new position in KKR Real Estate Finance Trust in the 4th quarter valued at $114,000. Nationwide Fund Advisors bought a new position in KKR Real Estate Finance Trust in the 2nd quarter valued at $128,000. Wells Fargo & Company MN grew its stake in KKR Real Estate Finance Trust by 293.7% in the 3rd quarter. Wells Fargo & Company MN now owns 6,712 shares of the company’s stock valued at $141,000 after purchasing an additional 5,007 shares during the period. The Manufacturers Life Insurance Company bought a new position in KKR Real Estate Finance Trust in the 2nd quarter valued at $154,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at $205,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.
Shares of KKR Real Estate Finance Trust (KREF) traded up $0.03 on Friday, reaching $20.40. The company’s stock had a trading volume of 117,785 shares, compared to its average volume of 83,662. KKR Real Estate Finance Trust has a 12-month low of $18.09 and a 12-month high of $23.99. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1,807.17 and a current ratio of 1,807.17. The firm has a market capitalization of $1,078.67 and a price-to-earnings ratio of 16.49.
KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). KKR Real Estate Finance Trust had a net margin of 71.04% and a return on equity of 5.77%. The business had revenue of $28.39 million during the quarter, compared to analyst estimates of $23.83 million. equities research analysts expect that KKR Real Estate Finance Trust will post 1.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date is Wednesday, March 28th. This is an increase from KKR Real Estate Finance Trust’s previous quarterly dividend of $0.37. KKR Real Estate Finance Trust’s dividend payout ratio is 111.28%.
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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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