KKR Real Estate Finance Trust Inc. (NYSE:KREF) Given Average Recommendation of “Buy” by Brokerages

KKR Real Estate Finance Trust Inc. (NYSE:KREF) has earned an average recommendation of “Buy” from the six research firms that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have covered the stock in the last year is $12.46.

KREF has been the topic of several recent research reports. Raymond James dropped their target price on shares of 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. JPMorgan Chase & Co. dropped their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. JMP Securities boosted their price objective on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Finally, 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.

KKR Real Estate Finance Trust Price Performance

Shares of KREF stock opened at $10.35 on Thursday. The stock has a market capitalization of $720.05 million, a price-to-earnings ratio of -34.50 and a beta of 1.00. The company has a current ratio of 277.63, a quick ratio of 277.63 and a debt-to-equity ratio of 3.75. KKR Real Estate Finance Trust has a twelve month low of $8.71 and a twelve month high of $13.19. The stock has a fifty day simple moving average of $10.79 and a two-hundred day simple moving average of $11.30.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 9.66%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -333.32%.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of large investors have recently made changes to their positions in KREF. Public Sector Pension Investment Board grew its stake in 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 worth $1,160,000 after buying an additional 7,333 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in KKR Real Estate Finance Trust by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 38,542 shares of the company’s stock worth $349,000 after acquiring an additional 935 shares in the last quarter. Algert Global LLC grew its stake in shares of KKR Real Estate Finance Trust by 7.2% during the second quarter. Algert Global LLC now owns 88,193 shares of the company’s stock worth $798,000 after acquiring an additional 5,933 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of KKR Real Estate Finance Trust by 128.3% during the third quarter. SG Americas Securities LLC now owns 34,821 shares of the company’s stock valued at $430,000 after acquiring 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 in the 3rd quarter valued at approximately $25,000. 70.23% of the stock is 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.