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KKR Real Estate Finance Trust (NYSE:KREF – Get Rating) will release earnings data after the market close on Tuesday, February 7. Analysts expect KKR Real Estate Finance Trust to post earnings of $0.51 per share in the quarter. Anyone interested in attending the company’s earnings conference call can do so using this link.
KKR Real Estate Financial Trust shares drop 1.3%
NYSE KREF shares opened at $15.41 on Tuesday. The company has a 50-day simple moving average of $15.24 and a 200-day simple moving average of $17.18. The company has a market capitalization of $1.06 billion, a PE ratio of 24.46 and a beta of 0.79. His one-year low is $13.55 and one-year high is $21.75 for KKR Real Estate Finance Trust. The company has a debt to equity ratio of 3.69, a current ratio of 309.42 and a quick ratio of 309.42.
KKR Real Estate Finance Trust Announces Dividend
The company recently announced a quarterly dividend, which was paid out on Friday, January 13th. A dividend of $0.43 per share was issued to shareholders of record on Friday, December 30. The ex-dividend date for this dividend was Thursday, December 29. This represents his $1.72 dividend and his 11.16% yield on an annualized basis. KKR Real Estate Financial Trust has a dividend payout ratio of 273.02%.
Analyst sets new price target
Several analysts have recently published reports on KREF stock. TheStreet downgraded KKR Real Estate Finance Trust shares from a ‘b-‘ rating to a ‘c’ rating in a research report on Monday, October 24. Keefe, Bruyette & Woods downgraded KKR Real Estate Finance Trust shares to a ‘Market Performing’ rating in a research report on Thursday, December 15th. Raymond James lowered his price target for KKR Real Estate Finance Trust from $23.50 to $20.00, setting the company’s valuation to “outperform” in a research report on Tuesday, Oct. 18. JMP Securities lowered its price target for KKR Real Estate Finance Trust from $22.00 to $19.00, giving it an “above market” rating in a research report on Tuesday, October 25th. Finally, JPMorgan Chase & Co. lowered its price target for KKR Real Estate Finance Trust from $21.00 to $20.00, setting the company’s rating to ‘overweight’ in a research report on Monday, October 24. . One research analyst rated the stock with a hold rating and four issued buy ratings to the company. According to MarketBeat.com data, the stock currently has a consensus rating of “moderate buy” and a consensus price target of $20.00.
Institutional investor joins KKR Real Estate Financial Trust
Many hedge funds and other institutional investors have recently increased or decreased their stakes in the company. Kentucky’s Teachers Retirement System purchased new shares in KKR Real Estate Finance Trust in the third quarter for approximately $136,000. The California State Teachers Retirement System increased his KKR Real Estate Finance Trust holdings by 7.8% in the third quarter. The California State Teachers Retirement System now owns 66,396 shares worth $1,079,000 after he purchased an additional 4,823 shares last quarter. Jane Street Group LLC purchased her new KKR Real Estate Finance Trust position in the third quarter for approximately $167,000. Alliancebernstein LP increased its holding in KKR Real Estate Finance Trust by 2.2% in the third quarter. Alliancebernstein LP now owns 68,933 shares worth $1,120,000 after purchasing an additional 1,502 shares in the previous quarter. Finally, State Street Corp increased its holding in KKR Real Estate Finance Trust by 16.5% during the third quarter. State Street Corp now owns 1,974,815 shares worth $32,930,000 after purchasing an additional 280,400 shares last quarter. Currently 76.26% of the shares are owned by institutional investors.
About KKR Real Estate Financial Trust
(get rating)
KKR Real Estate Finance Trust, Inc., a mortgage real estate investment trust, focuses on originating and acquiring senior loans primarily secured by commercial real estate (CRE) assets. Engages in the origination and purchase of CRE-related credit investments, including leveraged and unleveraged commercial mortgage loans and commercial mortgage-backed securities.
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