KKR Real Estate Finance Trust (KREF) Research Coverage Started at Raymond James Financial

Raymond James Financial started coverage on shares of KKR Real Estate Finance Trust (NYSE:KREF) in a report published on Tuesday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $21.50 price objective on the stock.

A number of other equities research analysts also recently issued reports on the stock. ValuEngine raised shares of KKR Real Estate Finance Trust from a hold rating to a buy rating in a research note on Friday, December 29th. JPMorgan Chase & Co. downgraded shares of KKR Real Estate Finance Trust from a neutral rating to an underweight rating and set a $23.00 price target on the stock. in a research note on Tuesday, February 6th. Zacks Investment Research downgraded shares of KKR Real Estate Finance Trust from a hold rating to a sell rating in a research note on Thursday, February 8th. Finally, Barclays started coverage on shares of KKR Real Estate Finance Trust in a research note on Friday, January 19th. They issued an overweight rating on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. KKR Real Estate Finance Trust has a consensus rating of Hold and an average target price of $22.38.

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KKR Real Estate Finance Trust stock opened at $20.06 on Tuesday. The company has a market capitalization of $1,066.96 and a PE ratio of 16.31. KKR Real Estate Finance Trust has a 1 year low of $18.09 and a 1 year high of $23.99. The company has a current ratio of 1,807.17, a quick ratio of 1,807.17 and a debt-to-equity ratio of 0.91.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The company had revenue of $28.39 million during the quarter, compared to analysts’ expectations of $23.83 million. KKR Real Estate Finance Trust had a net margin of 71.04% and a return on equity of 5.77%. research analysts forecast that KKR Real Estate Finance Trust will post 1.6 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.98%. This is a boost from KKR Real Estate Finance Trust’s previous quarterly dividend of $0.37. KKR Real Estate Finance Trust’s payout ratio is 131.15%.

Several hedge funds have recently made changes to their positions in KREF. Vatera Holdings LLC acquired a new position in shares of KKR Real Estate Finance Trust in the fourth quarter valued at approximately $4,572,000. State Street Corp acquired a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $2,200,000. Renaissance Technologies LLC acquired a new position in shares of KKR Real Estate Finance Trust in the fourth quarter valued at approximately $1,281,000. Deutsche Bank AG grew its holdings in shares of KKR Real Estate Finance Trust by 408.4% in the fourth quarter. Deutsche Bank AG now owns 64,616 shares of the company’s stock valued at $1,291,000 after purchasing an additional 51,907 shares in the last quarter. Finally, Northern Trust Corp acquired a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $808,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.

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About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds.

Analyst Recommendations for KKR Real Estate Finance Trust (NYSE:KREF)

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