KKR Real Estate Finance Trust Inc (KREF) Given Consensus Rating of “Buy” by

KKR Real Estate Finance Trust Inc (NYSE:KREF) has received a consensus rating of “Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $21.20.

A number of analysts have recently commented on the company. Zacks Investment Research cut KKR Real Estate Finance Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 9th. JMP Securities assumed coverage on KKR Real Estate Finance Trust in a research report on Wednesday, October 17th. They issued an “outperform” rating and a $21.50 price objective for the company. Keefe, Bruyette & Woods upgraded KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Sunday, December 9th. Finally, JPMorgan Chase & Co. boosted their price objective on KKR Real Estate Finance Trust from $19.50 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, October 24th.

In other news, CEO Christen E.J. Lee purchased 8,400 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The stock was purchased at an average cost of $19.42 per share, for a total transaction of $163,128.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Value Spn-Kref Holdin Tactical sold 1,750,000 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $20.00, for a total value of $35,000,000.00. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in KKR Real Estate Finance Trust by 42.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,478,909 shares of the company’s stock valued at $49,999,000 after buying an additional 742,552 shares in the last quarter. Vanguard Group Inc grew its holdings in KKR Real Estate Finance Trust by 42.8% in the 3rd quarter. Vanguard Group Inc now owns 2,478,909 shares of the company’s stock valued at $49,999,000 after buying an additional 742,552 shares in the last quarter. BlackRock Inc. grew its holdings in KKR Real Estate Finance Trust by 70.7% in the 3rd quarter. BlackRock Inc. now owns 1,852,794 shares of the company’s stock valued at $37,370,000 after buying an additional 767,114 shares in the last quarter. Acadian Asset Management LLC grew its holdings in KKR Real Estate Finance Trust by 120.0% in the 3rd quarter. Acadian Asset Management LLC now owns 326,800 shares of the company’s stock valued at $6,593,000 after buying an additional 178,237 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of KKR Real Estate Finance Trust by 177.1% in the 3rd quarter. Renaissance Technologies LLC now owns 321,300 shares of the company’s stock valued at $6,481,000 after purchasing an additional 205,362 shares during the last quarter. Institutional investors own 71.83% of the company’s stock.

Shares of KKR Real Estate Finance Trust stock traded down $0.05 on Friday, reaching $20.01. The company’s stock had a trading volume of 258,417 shares, compared to its average volume of 323,350. The stock has a market capitalization of $1.17 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 2.31 and a beta of -0.06. KKR Real Estate Finance Trust has a 52-week low of $18.09 and a 52-week high of $21.41. The company has a debt-to-equity ratio of 1.97, a current ratio of 530.45 and a quick ratio of 530.44.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.03. The business had revenue of $51.90 million during the quarter, compared to analysts’ expectations of $46.10 million. KKR Real Estate Finance Trust had a return on equity of 8.84% and a net margin of 56.20%. On average, equities research analysts anticipate that KKR Real Estate Finance Trust will post 1.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 11th. Investors of record on Friday, December 28th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 8.60%. The ex-dividend date of this dividend was Thursday, December 27th. KKR Real Estate Finance Trust’s payout ratio is 140.98%.

About KKR Real Estate Finance Trust

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

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