Zacks: Brokerages Set $21.00 Price Target for KKR Real Estate Finance Trust Inc (KREF)

KKR Real Estate Finance Trust Inc (NASDAQ:KREF) has earned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.

Analysts have set a 1-year consensus price target of $21.00 for the company, according to Zacks. Zacks has also assigned KKR Real Estate Finance Trust an industry rank of 73 out of 265 based on the ratings given to related companies.

KREF has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a research report on Saturday, September 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $22.50 target price on shares of KKR Real Estate Finance Trust in a research report on Friday, July 21st.

In other news, CEO Christen E.J. Lee acquired 17,100 shares of KKR Real Estate Finance Trust stock in a transaction on Tuesday, August 15th. The stock was bought at an average cost of $19.95 per share, with a total value of $341,145.00. Following the completion of the purchase, the chief executive officer now owns 36,957 shares of the company’s stock, valued at $737,292.15. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hedge funds have recently bought and sold shares of the business. Nationwide Fund Advisors purchased a new stake in KKR Real Estate Finance Trust during the second quarter valued at about $128,000. The Manufacturers Life Insurance Company purchased a new stake in KKR Real Estate Finance Trust during the second quarter valued at about $154,000. Tower Research Capital LLC TRC purchased a new stake in KKR Real Estate Finance Trust during the second quarter valued at about $187,000. Raymond James Financial Services Advisors Inc. purchased a new stake in KKR Real Estate Finance Trust during the third quarter valued at about $205,000. Finally, Rhumbline Advisers purchased a new stake in KKR Real Estate Finance Trust during the second quarter valued at about $235,000.

KKR Real Estate Finance Trust (KREF) traded up 0.20% during mid-day trading on Friday, hitting $20.38. 20,144 shares of the stock traded hands. The firm has a market cap of $1.09 billion and a price-to-earnings ratio of 13.20. KKR Real Estate Finance Trust has a 1-year low of $19.57 and a 1-year high of $23.99. The stock has a 50-day moving average of $21.15 and a 200 day moving average of $21.23.

KKR Real Estate Finance Trust (NASDAQ:KREF) last announced its earnings results on Wednesday, August 9th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The company had revenue of $17.45 million during the quarter, compared to the consensus estimate of $17.87 million. KKR Real Estate Finance Trust had a net margin of 64.81% and a return on equity of 6.60%. On average, equities analysts expect that KKR Real Estate Finance Trust will post $1.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Saturday, September 30th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date was Thursday, September 28th.

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KKR Real Estate Finance Trust Company Profile

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.

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