Raymond James Raises KKR Real Estate Finance Trust (NYSE:KREF) Price Target to $14.00

KKR Real Estate Finance Trust (NYSE:KREF) had its price objective raised by Raymond James from $13.00 to $14.00 in a report published on Thursday morning, Benzinga reports. Raymond James currently has an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a market perform rating to an outperform rating and boosted their price target for the company from $11.50 to $13.00 in a research note on Thursday, September 5th. JPMorgan Chase & Co. decreased their price target on KKR Real Estate Finance Trust from $10.00 to $9.50 and set an overweight rating on the stock in a research note on Tuesday, July 16th. Finally, BTIG Research reaffirmed a buy rating and issued a $11.50 price objective on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, KKR Real Estate Finance Trust has an average rating of Moderate Buy and a consensus price target of $12.14.

KKR Real Estate Finance Trust Trading Down 1.9 %

Shares of KKR Real Estate Finance Trust stock opened at $12.61 on Thursday. The stock has a 50 day moving average of $11.39 and a 200 day moving average of $10.24. The company has a debt-to-equity ratio of 3.86, a quick ratio of 392.62 and a current ratio of 392.62. The firm has a market capitalization of $874.05 million, a price-to-earnings ratio of -27.41 and a beta of 0.99. KKR Real Estate Finance Trust has a fifty-two week low of $8.71 and a fifty-two week high of $14.12.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Monday, July 22nd. The company reported ($1.57) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($1.87). The business had revenue of $47.60 million for the quarter, compared to analysts’ expectations of $45.47 million. KKR Real Estate Finance Trust had a return on equity of 9.88% and a net margin of 5.88%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. As a group, research analysts predict that KKR Real Estate Finance Trust will post 1.35 earnings per share for the current year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 7.93%. The ex-dividend date is Monday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -217.39%.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

A number of hedge funds and other institutional investors have recently modified their holdings of KREF. The Manufacturers Life Insurance Company grew its stake in shares of KKR Real Estate Finance Trust by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 38,542 shares of the company’s stock worth $349,000 after purchasing an additional 935 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of KKR Real Estate Finance Trust by 17.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock worth $170,000 after acquiring an additional 2,481 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in shares of KKR Real Estate Finance Trust by 21,842.9% in the 4th quarter. TFO Wealth Partners LLC now owns 3,072 shares of the company’s stock valued at $41,000 after acquiring an additional 3,058 shares during the last quarter. Triumph Capital Management raised its position in shares of KKR Real Estate Finance Trust by 18.5% during the 1st quarter. Triumph Capital Management now owns 20,075 shares of the company’s stock worth $198,000 after acquiring an additional 3,138 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in KKR Real Estate Finance Trust during the first quarter worth approximately $40,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional 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 real estate loans.