Analysts Set KKR Real Estate Finance Trust Inc. (NYSE:KREF) Target Price at $12.75

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have been given a consensus rating of “Buy” by the six brokerages that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $12.75.

A number of brokerages recently issued reports on KREF. JPMorgan Chase & Co. reduced their price target on KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Raymond James reduced their target price on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. JMP Securities boosted their price target on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC acquired a new stake in shares of KKR Real Estate Finance Trust in the 3rd quarter valued at approximately $25,000. Abel Hall LLC acquired a new stake in KKR Real Estate Finance Trust in the third quarter valued at approximately $138,000. First Trust Direct Indexing L.P. grew its stake in shares of KKR Real Estate Finance Trust by 24.6% during the third quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company’s stock worth $159,000 after buying an additional 2,546 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of KKR Real Estate Finance Trust during the third quarter worth $197,000. Finally, Creative Planning increased its holdings in shares of KKR Real Estate Finance Trust by 37.0% during the third quarter. Creative Planning now owns 21,524 shares of the company’s stock worth $266,000 after buying an additional 5,809 shares in the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Trading Up 1.7 %

Shares of KKR Real Estate Finance Trust stock opened at $10.38 on Friday. The company has a debt-to-equity ratio of 3.75, a quick ratio of 277.63 and a current ratio of 277.63. The firm has a 50-day moving average of $11.25 and a 200-day moving average of $11.18. KKR Real Estate Finance Trust has a 52-week low of $8.71 and a 52-week high of $13.29. The stock has a market cap of $722.17 million, a PE ratio of -34.60 and a beta of 1.00.

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

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.63%. The ex-dividend date of this dividend is Tuesday, December 31st. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -333.33%.

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.