KKR Real Estate Finance Trust Inc. (NYSE:KREF) Receives Consensus Rating of “Moderate Buy” from Analysts

KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Rating) has received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, 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 1-year target price among analysts that have issued ratings on the stock in the last year is $20.00.

KREF has been the subject of several analyst reports. The Street downgraded shares of KKR Real Estate Finance Trust from a “b-” rating to a “c” rating in a report on Monday, October 24th. Keefe, Bruyette & Woods cut shares of KKR Real Estate Finance Trust to a “market perform” rating in a research note on Thursday. JMP Securities decreased their price target on KKR Real Estate Finance Trust from $22.00 to $19.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 25th. JPMorgan Chase & Co. cut their price objective on KKR Real Estate Finance Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, October 24th. Finally, Raymond James decreased their target price on KKR Real Estate Finance Trust from $23.50 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, October 18th.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Several hedge funds have recently bought and sold shares of KREF. Qube Research & Technologies Ltd acquired a new position in KKR Real Estate Finance Trust in the first quarter valued at about $462,000. Swiss National Bank increased its stake in KKR Real Estate Finance Trust by 17.4% during the 1st quarter. Swiss National Bank now owns 79,100 shares of the company’s stock worth $1,630,000 after purchasing an additional 11,700 shares in the last quarter. Bank of Nova Scotia acquired a new stake in KKR Real Estate Finance Trust during the 1st quarter worth approximately $219,000. Hightower 6M Holding LLC bought a new position in KKR Real Estate Finance Trust in the first quarter valued at approximately $404,000. Finally, WINTON GROUP Ltd boosted its holdings in shares of KKR Real Estate Finance Trust by 47.1% in the first quarter. WINTON GROUP Ltd now owns 54,478 shares of the company’s stock valued at $1,123,000 after buying an additional 17,443 shares during the period. 74.91% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Stock Down 0.4%

Shares of KREF opened at $15.77 on Thursday. The company has a quick ratio of 309.42, a current ratio of 309.42 and a debt-to-equity ratio of 3.69. The company has a 50-day moving average price of $16.68 and a two-hundred day moving average price of $17.96. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 25.03 and a beta of 0.75. KKR Real Estate Finance Trust has a 12 month low of $15.27 and a 12 month high of $22.44.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, December 29th. This represents a $1.72 annualized dividend and a dividend yield of 10.91%. KKR Real Estate Finance Trust’s payout ratio is currently 273.02%.

About KKR Real Estate Finance Trust

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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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