Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $12.57.
A number of equities research analysts have weighed in on the stock. JMP Securities reduced their target price on shares of KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating on the stock in a report on Wednesday, February 7th. JPMorgan Chase & Co. reduced their target price on shares of KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Finally, Wells Fargo & Company reduced their target price on shares of KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating on the stock in a report on Thursday, February 8th.
View Our Latest Stock Report on KREF
KKR Real Estate Finance Trust Price Performance
KREF stock opened at $10.06 on Friday. The company has a 50 day simple moving average of $10.49 and a 200 day simple moving average of $11.61. The stock has a market cap of $697.26 million, a price-to-earnings ratio of -12.90 and a beta of 0.96. KKR Real Estate Finance Trust has a 1 year low of $9.09 and a 1 year high of $14.12. The company has a debt-to-equity ratio of 4.32, a current ratio of 361.76 and a quick ratio of 361.75.
KKR Real Estate Finance Trust Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.94%. The ex-dividend date of this dividend is Wednesday, March 27th. KKR Real Estate Finance Trust’s dividend payout ratio is currently -220.51%.
Insider Buying and Selling
In related news, COO W Patrick Mattson bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average cost of $9.72 per share, with a total value of $97,200.00. Following the completion of the purchase, the chief operating officer now directly owns 308,446 shares in the company, valued at $2,998,095.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other KKR Real Estate Finance Trust news, CEO Matthew A. Salem acquired 26,000 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of $9.72 per share, for a total transaction of $252,720.00. Following the completion of the acquisition, the chief executive officer now owns 460,309 shares in the company, valued at approximately $4,474,203.48. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO W Patrick Mattson acquired 10,000 shares of the stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of $9.72 per share, for a total transaction of $97,200.00. Following the acquisition, the chief operating officer now owns 308,446 shares of the company’s stock, valued at approximately $2,998,095.12. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new position in KKR Real Estate Finance Trust during the fourth quarter worth $300,000. Price T Rowe Associates Inc. MD raised its holdings in shares of KKR Real Estate Finance Trust by 8.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,365 shares of the company’s stock valued at $191,000 after purchasing an additional 1,072 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of KKR Real Estate Finance Trust by 1.6% in the fourth quarter. Legal & General Group Plc now owns 159,342 shares of the company’s stock valued at $2,108,000 after purchasing an additional 2,531 shares during the last quarter. Barclays PLC raised its holdings in shares of KKR Real Estate Finance Trust by 221.7% in the fourth quarter. Barclays PLC now owns 93,898 shares of the company’s stock valued at $1,243,000 after purchasing an additional 64,711 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of KKR Real Estate Finance Trust by 4.6% in the fourth quarter. Nuveen Asset Management LLC now owns 191,392 shares of the company’s stock valued at $2,555,000 after purchasing an additional 8,361 shares during the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.
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.
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