KKR Real Estate Finance Trust (KREF) Receives New Coverage from Analysts at Barclays

Barclays assumed coverage on shares of KKR Real Estate Finance Trust (NYSE:KREF) in a research note released on Friday. The firm issued an overweight rating on the stock.

A number of other brokerages have also commented on KREF. ValuEngine upgraded KKR Real Estate Finance Trust from a hold rating to a buy rating in a research report on Friday, December 29th. Keefe, Bruyette & Woods restated a hold rating and set a $22.00 price objective on shares of KKR Real Estate Finance Trust in a research report on Friday, November 10th. Finally, Zacks Investment Research lowered KKR Real Estate Finance Trust from a buy rating to a hold rating in a research report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. KKR Real Estate Finance Trust presently has an average rating of Hold and an average target price of $22.67.

KKR Real Estate Finance Trust (NYSE:KREF) traded up $0.16 during trading hours on Friday, hitting $19.75. The company had a trading volume of 86,608 shares, compared to its average volume of 30,706. The company has a debt-to-equity ratio of 0.71, a current ratio of 1,736.11 and a quick ratio of 1,736.11. KKR Real Estate Finance Trust has a fifty-two week low of $19.51 and a fifty-two week high of $23.99.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. KKR Real Estate Finance Trust had a return on equity of 6.08% and a net margin of 77.41%. research analysts expect that KKR Real Estate Finance Trust will post 1.3 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a dividend of $0.37 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.48 dividend on an annualized basis and a yield of 7.49%.

In other KKR Real Estate Finance Trust news, CEO Christen E.J. Lee acquired 12,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was purchased at an average cost of $19.99 per share, for a total transaction of $239,880.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at about $17,655,000. TIAA CREF Investment Management LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at about $599,000. Goldman Sachs Group Inc. acquired a new stake in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at about $1,410,000. FMR LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at about $42,262,000. Finally, California State Teachers Retirement System acquired a new stake in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at about $393,000. Institutional investors and hedge funds own 65.67% of the company’s stock.

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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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