KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Rating) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $20.00.
A number of equities analysts recently commented on the stock. BTIG Research decreased their price objective on shares of KKR Real Estate Finance Trust to $19.00 in a research note on Thursday, October 27th. JPMorgan Chase & Co. decreased their target price on shares of KKR Real Estate Finance Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, October 24th. Raymond James decreased their target price on shares of KKR Real Estate Finance Trust from $23.50 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, October 18th. JMP Securities decreased their target price on shares of KKR Real Estate Finance Trust from $22.00 to $19.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 25th. Finally, TheStreet lowered shares of KKR Real Estate Finance Trust from a “b-” rating to a “c” rating in a research note on Monday, October 24th.
KKR Real Estate Finance Trust Trading Up 0.4 %
KKR Real Estate Finance Trust stock opened at $14.33 on Monday. The company has a 50 day moving average price of $15.78 and a 200 day moving average price of $17.46. KKR Real Estate Finance Trust has a 52 week low of $13.55 and a 52 week high of $22.44. The company has a debt-to-equity ratio of 3.69, a quick ratio of 309.42 and a current ratio of 309.42. The firm has a market capitalization of $990.13 million, a price-to-earnings ratio of 22.75 and a beta of 0.79.
KKR Real Estate Finance Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 12.00%. KKR Real Estate Finance Trust’s dividend payout ratio is currently 273.02%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in shares of KKR Real Estate Finance Trust by 17.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 557,964 shares of the company’s stock valued at $9,068,000 after purchasing an additional 83,264 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in KKR Real Estate Finance Trust in the 3rd quarter worth $136,000. California State Teachers Retirement System raised its holdings in KKR Real Estate Finance Trust by 7.8% in the 3rd quarter. California State Teachers Retirement System now owns 66,396 shares of the company’s stock worth $1,079,000 after acquiring an additional 4,823 shares during the period. Jane Street Group LLC bought a new position in KKR Real Estate Finance Trust in the 3rd quarter worth $167,000. Finally, Alliancebernstein L.P. raised its holdings in KKR Real Estate Finance Trust by 2.2% in the 3rd quarter. Alliancebernstein L.P. now owns 68,933 shares of the company’s stock worth $1,120,000 after acquiring an additional 1,502 shares during the period. Institutional investors own 76.26% of the company’s stock.
KKR Real Estate Finance Trust Company Profile
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KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.
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