Analysts Set KKR Real Estate Finance Trust Inc. (NYSE:KREF) PT at $12.46

KKR Real Estate Finance Trust Inc. (NYSE:KREF) has received a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $12.46.

KREF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods dropped their target price on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Raymond James dropped 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 research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their target price on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, JMP Securities upped their target price on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Several hedge funds have recently bought and sold shares of the stock. Public Sector Pension Investment Board lifted its position in shares of KKR Real Estate Finance Trust by 6.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 128,155 shares of the company’s stock valued at $1,160,000 after buying an additional 7,333 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of KKR Real Estate Finance Trust by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,542 shares of the company’s stock valued at $349,000 after buying an additional 935 shares in the last quarter. Algert Global LLC lifted its position in shares of KKR Real Estate Finance Trust by 7.2% during the 2nd quarter. Algert Global LLC now owns 88,193 shares of the company’s stock valued at $798,000 after buying an additional 5,933 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of KKR Real Estate Finance Trust by 128.3% during the 3rd quarter. SG Americas Securities LLC now owns 34,821 shares of the company’s stock valued at $430,000 after buying an additional 19,570 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at approximately $25,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Performance

KREF opened at $10.02 on Thursday. The firm’s 50-day moving average price is $10.73 and its 200-day moving average price is $11.30. The company has a market cap of $697.19 million, a P/E ratio of -33.40 and a beta of 1.00. KKR Real Estate Finance Trust has a 52-week low of $8.71 and a 52-week high of $13.09. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 9.98%. KKR Real Estate Finance Trust’s dividend payout ratio 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.