KKR Real Estate Finance Trust (NYSE:KREF – Get Rating) will be releasing its earnings data after the market closes on Tuesday, February 7th. Analysts expect KKR Real Estate Finance Trust to post earnings of $0.51 per share for the quarter. Persons who are interested in participating in the company’s earnings conference call can do so using this link.
KKR Real Estate Finance Trust Stock Down 1.3 %
Shares of NYSE KREF 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 firm has a market cap of $1.06 billion, a PE ratio of 24.46 and a beta of 0.79. KKR Real Estate Finance Trust has a 1 year low of $13.55 and a 1 year high of $21.75. 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 Dividends
The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.72 annualized dividend and a yield of 11.16%. KKR Real Estate Finance Trust’s payout ratio is 273.02%.
Analysts Set New Price Targets
Several analysts recently issued reports on KREF shares. The Street downgraded shares of KKR Real Estate Finance Trust from a “b-” rating to a “c” rating in a research report on Monday, October 24th. Keefe, Bruyette & Woods downgraded shares of KKR Real Estate Finance Trust to a “market perform” rating in a research report on Thursday, December 15th. Raymond James reduced their price target on shares of KKR Real Estate Finance Trust from $23.50 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, October 18th. JMP Securities reduced their price target on shares of KKR Real Estate Finance Trust from $22.00 to $19.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of KKR Real Estate Finance Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, October 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.
Institutional Investors Weigh In On KKR Real Estate Finance Trust
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky bought a new stake in KKR Real Estate Finance Trust in the 3rd quarter valued at about $136,000. California State Teachers Retirement System grew its holdings in KKR Real Estate Finance Trust by 7.8% during the 3rd quarter. California State Teachers Retirement System now owns 66,396 shares of the company’s stock valued at $1,079,000 after buying an additional 4,823 shares in the last quarter. Jane Street Group LLC purchased a new position in KKR Real Estate Finance Trust during the 3rd quarter valued at about $167,000. Alliancebernstein LP grew its holdings in KKR Real Estate Finance Trust by 2.2% during the 3rd quarter. Alliancebernstein LP now owns 68,933 shares of the company’s stock valued at $1,120,000 after buying an additional 1,502 shares in the last quarter. Finally, State Street Corp grew its holdings in KKR Real Estate Finance Trust by 16.5% during the 3rd quarter. State Street Corp now owns 1,974,815 shares of the company’s stock valued at $32,930,000 after buying an additional 280,400 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.
About KKR Real Estate Finance Trust
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KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring 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 mortgage loans, and commercial mortgage-backed securities.
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