KKR Real Estate Finance Trust (NYSE:KREF) Rating Reiterated by BTIG Research

BTIG Research restated their buy rating on shares of KKR Real Estate Finance Trust (NYSE:KREF) in a research note published on Friday morning, Marketbeat reports. The brokerage currently has a $11.50 price objective on the stock.

A number of other analysts have also recently issued reports on KREF. JPMorgan Chase & Co. decreased 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 report on Tuesday, July 16th. Keefe, Bruyette & Woods decreased their target price on KKR Real Estate Finance Trust from $10.00 to $9.75 and set a market perform rating for the company in a research report on Friday, April 26th. Finally, JMP Securities reissued a market outperform rating and issued a $12.00 target price on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $11.25.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE KREF opened at $10.11 on Friday. The company has a debt-to-equity ratio of 4.20, a current ratio of 364.56 and a quick ratio of 364.56. KKR Real Estate Finance Trust has a 52-week low of $8.71 and a 52-week high of $14.12. The business has a 50-day moving average price of $9.45 and a 200 day moving average price of $10.13.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Tuesday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $151.62 million during the quarter, compared to analysts’ expectations of $43.16 million. KKR Real Estate Finance Trust had a positive return on equity of 10.38% and a negative net margin of 1.39%. During the same period in the prior year, the firm earned $0.48 EPS. Equities analysts predict that KKR Real Estate Finance Trust will post 1.21 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.89%. The ex-dividend date of this dividend was Friday, June 28th. KKR Real Estate Finance Trust’s dividend payout ratio is presently -217.39%.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of large investors have recently modified their holdings of the business. Illinois Municipal Retirement Fund raised its stake in shares of KKR Real Estate Finance Trust by 4.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 35,542 shares of the company’s stock worth $470,000 after buying an additional 1,571 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of KKR Real Estate Finance Trust by 17.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock worth $170,000 after buying an additional 2,481 shares in the last quarter. Autumn Glory Partners LLC raised its stake in shares of KKR Real Estate Finance Trust by 30.0% during the 4th quarter. Autumn Glory Partners LLC now owns 13,000 shares of the company’s stock worth $172,000 after buying an additional 3,000 shares in the last quarter. TFO Wealth Partners LLC grew its holdings in shares of KKR Real Estate Finance Trust by 21,842.9% in the 4th quarter. TFO Wealth Partners LLC now owns 3,072 shares of the company’s stock worth $41,000 after acquiring an additional 3,058 shares during the period. Finally, Triumph Capital Management grew its holdings in shares of KKR Real Estate Finance Trust by 18.5% in the 1st quarter. Triumph Capital Management now owns 20,075 shares of the company’s stock worth $198,000 after acquiring an additional 3,138 shares during the period. 70.23% of the stock is owned by hedge funds and other institutional investors.

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.