KKR Real Estate Finance Trust (KREF) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust (NYSE:KREF) from a sell rating to a hold rating in a report released on Tuesday, 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. “

A number of other analysts also recently weighed in on KREF. JPMorgan Chase & Co. raised shares of KKR Real Estate Finance Trust from an underweight rating to a neutral rating and increased their target price for the company from $20.00 to $20.50 in a research report on Wednesday, January 16th. JMP Securities downgraded shares of KKR Real Estate Finance Trust from an outperform rating to a market perform rating in a research report on Monday, March 25th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $21.60.

Shares of KKR Real Estate Finance Trust stock traded up $0.15 on Tuesday, hitting $20.24. The stock had a trading volume of 2,809 shares, compared to its average volume of 253,660. KKR Real Estate Finance Trust has a twelve month low of $18.54 and a twelve month high of $21.41. The company has a debt-to-equity ratio of 2.48, a current ratio of 394.01 and a quick ratio of 394.01. The company has a market capitalization of $1.15 billion, a P/E ratio of 10.51, a P/E/G ratio of 2.33 and a beta of 0.12.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Wednesday, May 1st. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $64.75 million during the quarter, compared to the consensus estimate of $31.70 million. KKR Real Estate Finance Trust had a net margin of 41.89% and a return on equity of 9.52%. Equities analysts anticipate that KKR Real Estate Finance Trust will post 1.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.50%. The ex-dividend date was Thursday, March 28th. KKR Real Estate Finance Trust’s payout ratio is 89.58%.

Institutional investors have recently bought and sold shares of the business. Catalyst Capital Advisors LLC bought a new position in shares of KKR Real Estate Finance Trust during the 1st quarter worth approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of KKR Real Estate Finance Trust by 49.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,813 shares of the company’s stock worth $54,000 after buying an additional 925 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of KKR Real Estate Finance Trust by 1,540.8% during the 4th quarter. Meeder Asset Management Inc. now owns 2,937 shares of the company’s stock worth $56,000 after buying an additional 2,758 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of KKR Real Estate Finance Trust by 210.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,410 shares of the company’s stock worth $68,000 after buying an additional 2,310 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of KKR Real Estate Finance Trust by 57.7% during the 4th quarter. Legal & General Group Plc now owns 3,953 shares of the company’s stock worth $75,000 after buying an additional 1,446 shares in the last quarter. Hedge funds and other institutional investors own 73.01% of the company’s stock.

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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