KKR Real Estate Finance Trust (NYSE:KREF) Price Target Raised to $14.00

KKR Real Estate Finance Trust (NYSE:KREF) had its price target lifted by Raymond James from $13.00 to $14.00 in a report published on Thursday, Benzinga reports. Raymond James currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods upgraded KKR Real Estate Finance Trust from a market perform rating to an outperform rating and lifted their price target for the company from $11.50 to $13.00 in a research note on Thursday, September 5th. BTIG Research reissued a buy rating and issued a $11.50 price objective on shares of KKR Real Estate Finance Trust in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. reduced their target price on KKR Real Estate Finance Trust from $10.00 to $9.50 and set an overweight rating for the company in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $12.14.

KKR Real Estate Finance Trust Stock Down 1.9 %

Shares of KREF opened at $12.61 on Thursday. The stock’s 50-day moving average price is $11.39 and its 200-day moving average price is $10.24. 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 market capitalization of $874.05 million, a price-to-earnings ratio of -27.41 and a beta of 0.99. KKR Real Estate Finance Trust has a 52 week low of $8.71 and a 52 week high of $14.12.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Monday, July 22nd. The company reported ($1.57) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($1.87). The firm had revenue of $47.60 million during the quarter, compared to analyst estimates of $45.47 million. KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Monday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -217.39%.

Institutional Trading of KKR Real Estate Finance Trust

Several large investors have recently bought and sold shares of KREF. Mirae Asset Global Investments Co. Ltd. lifted its stake in KKR Real Estate Finance Trust by 9.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,148,784 shares of the company’s stock worth $21,617,000 after purchasing an additional 178,603 shares in the last quarter. TrueMark Investments LLC purchased a new position in KKR Real Estate Finance Trust during the second quarter worth approximately $1,305,000. Charles Schwab Investment Management Inc. boosted its stake in KKR Real Estate Finance Trust by 14.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 804,214 shares of the company’s stock worth $10,640,000 after buying an additional 104,360 shares during the last quarter. Van ECK Associates Corp boosted its stake in KKR Real Estate Finance Trust by 31.2% during the second quarter. Van ECK Associates Corp now owns 356,891 shares of the company’s stock worth $3,230,000 after buying an additional 84,889 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of KKR Real Estate Finance Trust by 45.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 212,100 shares of the company’s stock worth $2,134,000 after acquiring an additional 66,716 shares during the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Company Profile

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.