Zacks Investment Research Lowers KKR Real Estate Finance Trust (NYSE:KREF) to Sell

Zacks Investment Research cut shares of KKR Real Estate Finance Trust (NYSE:KREF) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, Zacks.com reports.

According to Zacks, “KKR Real Estate Finance Trust Inc. is a real estate finance company. It focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. KKR Real Estate Finance Trust Inc. is headquartered in New York. “

Separately, TheStreet upgraded shares of KKR Real Estate Finance Trust from a d rating to a c rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. KKR Real Estate Finance Trust currently has a consensus rating of Hold and a consensus target price of $21.60.

Shares of KREF traded down $0.08 during mid-day trading on Thursday, hitting $19.39. 434,529 shares of the company’s stock were exchanged, compared to its average volume of 263,193. KKR Real Estate Finance Trust has a fifty-two week low of $18.54 and a fifty-two week high of $21.41. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 2.35 and a beta of 0.18. The company has a 50 day simple moving average of $20.02. The company has a debt-to-equity ratio of 3.42, a current ratio of 637.35 and a quick ratio of 637.35.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). KKR Real Estate Finance Trust had a return on equity of 7.86% and a net margin of 35.11%. The business had revenue of $25.86 million for the quarter, compared to analyst estimates of $27.50 million. On average, analysts expect that KKR Real Estate Finance Trust will post 1.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.43 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.72 annualized dividend and a dividend yield of 8.87%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is 89.58%.

A number of hedge funds and other institutional investors have recently bought and sold shares of KREF. Catalyst Capital Advisors LLC purchased a new position in KKR Real Estate Finance Trust during the first quarter worth about $44,000. Aperio Group LLC purchased a new position in KKR Real Estate Finance Trust during the second quarter worth about $46,000. Bank of Montreal Can raised its holdings in KKR Real Estate Finance Trust by 411.0% during the second quarter. Bank of Montreal Can now owns 2,652 shares of the company’s stock worth $52,000 after purchasing an additional 2,133 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in KKR Real Estate Finance Trust by 210.0% during the first quarter. Nisa Investment Advisors LLC now owns 3,410 shares of the company’s stock worth $68,000 after purchasing an additional 2,310 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in KKR Real Estate Finance Trust by 57.7% during the fourth quarter. Legal & General Group Plc now owns 3,953 shares of the company’s stock worth $75,000 after purchasing an additional 1,446 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.

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