Brokerages Set KKR Real Estate Finance Trust Inc. (NYSE:KREF) Price Target at $12.46

KKR Real Estate Finance Trust Inc. (NYSE:KREF) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $12.46.

KREF has been the subject of a number of research reports. Keefe, Bruyette & Woods dropped their target price on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a report on Tuesday, January 14th. JMP Securities upped their target price on shares of 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a report on Tuesday, January 21st.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE KREF opened at $11.00 on Monday. The firm has a market cap of $755.51 million, a PE ratio of 61.08 and a beta of 1.00. The firm has a fifty day moving average of $10.54 and a 200 day moving average of $11.33. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16. KKR Real Estate Finance Trust has a one year low of $8.71 and a one year high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.08 by $0.20. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. As a group, research analysts predict that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.10%. The ex-dividend date of this dividend was Tuesday, December 31st. KKR Real Estate Finance Trust’s payout ratio is currently 555.56%.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in KKR Real Estate Finance Trust during the fourth quarter worth about $96,000. Caxton Associates LP purchased a new position in KKR Real Estate Finance Trust during the fourth quarter worth about $110,000. Abel Hall LLC purchased a new position in KKR Real Estate Finance Trust during the third quarter worth about $138,000. Sherbrooke Park Advisers LLC purchased a new position in KKR Real Estate Finance Trust during the fourth quarter worth about $119,000. Finally, First Trust Advisors LP purchased a new position in KKR Real Estate Finance Trust during the fourth quarter worth about $129,000. 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.