KKR Real Estate Finance Trust (NYSE:KREF) Given New $12.00 Price Target at JPMorgan Chase & Co.

KKR Real Estate Finance Trust (NYSE:KREF) had its price target hoisted by JPMorgan Chase & Co. from $11.50 to $12.00 in a report published on Thursday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also weighed in on KREF. Raymond James upped their target price on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Wells Fargo & Company upped their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. BTIG Research reiterated a “buy” rating and set a $11.50 price target on shares of KKR Real Estate Finance Trust in a report on Friday, July 19th. Finally, Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $11.50 to $13.00 in a report on Thursday, September 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.50.

KKR Real Estate Finance Trust Trading Down 0.5 %

KREF opened at $12.01 on Thursday. KKR Real Estate Finance Trust has a twelve month low of $8.71 and a twelve month high of $14.12. The company has a quick ratio of 392.62, a current ratio of 392.62 and a debt-to-equity ratio of 3.86. The company has a fifty day moving average of $11.87 and a 200-day moving average of $10.50. The stock has a market cap of $832.11 million, a PE ratio of -26.10 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Monday, July 22nd. The company reported ($1.57) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($1.87). KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. The business had revenue of $47.60 million during the quarter, compared to the consensus estimate of $45.47 million. During the same period last year, the business posted $0.48 earnings per share. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. On average, sell-side analysts predict that KKR Real Estate Finance Trust will post 1.35 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.33%. The ex-dividend date of this dividend was Monday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio is currently -217.39%.

Institutional Trading of KKR Real Estate Finance Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new position in shares of KKR Real Estate Finance Trust during the third quarter valued at about $25,000. EntryPoint Capital LLC purchased a new position in KKR Real Estate Finance Trust during the 1st quarter valued at about $54,000. Diversified Trust Co purchased a new position in KKR Real Estate Finance Trust during the 1st quarter valued at about $101,000. SG Americas Securities LLC purchased a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at about $138,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of KKR Real Estate Finance Trust by 17.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock worth $170,000 after acquiring an additional 2,481 shares in the last quarter. 70.23% of the stock is currently owned by institutional investors.

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.