KKR Real Estate Finance Trust (NYSE:KREF) Price Target Lowered to $12.25 at Keefe, Bruyette & Woods

KKR Real Estate Finance Trust (NYSE:KREF) had its price objective decreased by Keefe, Bruyette & Woods from $13.00 to $12.25 in a research report sent to investors on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. reduced their price objective on KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. JMP Securities boosted their price objective on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Raymond James decreased their target price on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price target on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $12.63.

KKR Real Estate Finance Trust Price Performance

Shares of KKR Real Estate Finance Trust stock opened at $10.49 on Tuesday. KKR Real Estate Finance Trust has a 52 week low of $8.71 and a 52 week high of $13.19. The company has a current ratio of 277.63, a quick ratio of 277.63 and a debt-to-equity ratio of 3.75. The company’s 50-day moving average price is $10.96 and its two-hundred day moving average price is $11.22. The stock has a market cap of $729.47 million, a PE ratio of -34.95 and a beta of 1.00.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Monday, October 21st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03. The business had revenue of $140.15 million during the quarter, compared to analyst estimates of $39.52 million. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. During the same period in the prior year, the business earned $0.47 earnings per share. As a group, sell-side analysts anticipate that KKR Real Estate Finance Trust will post 1.4 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.54%. KKR Real Estate Finance Trust’s dividend payout ratio is -333.33%.

Institutional Trading of KKR Real Estate Finance Trust

Several institutional investors have recently made changes to their positions in the stock. Azora Capital LP acquired a new position in KKR Real Estate Finance Trust in the 3rd quarter valued at approximately $20,167,000. Van ECK Associates Corp grew its holdings in shares of KKR Real Estate Finance Trust by 27.6% during the 3rd quarter. Van ECK Associates Corp now owns 455,291 shares of the company’s stock valued at $5,372,000 after acquiring an additional 98,400 shares in the last quarter. GFS Advisors LLC grew its holdings in shares of KKR Real Estate Finance Trust by 9,591.3% during the 3rd quarter. GFS Advisors LLC now owns 290,740 shares of the company’s stock valued at $3,591,000 after acquiring an additional 287,740 shares in the last quarter. FMR LLC increased its stake in shares of KKR Real Estate Finance Trust by 3.4% in the third quarter. FMR LLC now owns 255,599 shares of the company’s stock worth $3,157,000 after acquiring an additional 8,448 shares during the last quarter. Finally, Zacks Investment Management purchased a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth $2,792,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional 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 real estate loans.