Zacks: KKR Real Estate Finance Trust Inc (KREF) Given Consensus Rating of “Hold” by Analysts

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

Analysts have set a 12-month 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 157 out of 265 based on the ratings given to related companies.

A number of analysts have commented on KREF shares. Wells Fargo & Company started coverage on KKR Real Estate Finance Trust in a research report on Tuesday, May 30th. They issued a “market perform” rating for the company. J P Morgan Chase & Co started coverage on KKR Real Estate Finance Trust in a research report on Tuesday, May 30th. They issued a “neutral” rating and a $23.00 price objective for the company. Keefe, Bruyette & Woods started coverage on KKR Real Estate Finance Trust in a research report on Tuesday, May 30th. They issued a “market perform” rating and a $22.50 price objective for the company. Finally, Zacks Investment Research upgraded KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, August 1st.

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 price of $19.95 per share, for a total transaction of $341,145.00. Following the transaction, 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 available at this hyperlink.

Hedge funds have recently made changes to their positions in the business. Zweig DiMenna Associates LLC bought a new stake in shares of KKR Real Estate Finance Trust in the 2nd quarter worth approximately $1,209,000. Teacher Retirement System of Texas bought a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter worth approximately $10,750,000. Botty Investors LLC bought a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter worth approximately $6,110,000. Bank of New York Mellon Corp bought a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter worth approximately $787,000. Finally, Northern Trust Corp bought a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter worth approximately $808,000.

TRADEMARK VIOLATION WARNING: “Zacks: KKR Real Estate Finance Trust Inc (KREF) Given Consensus Rating of “Hold” by Analysts” was first published by Equities Focus and is owned by of Equities Focus. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international trademark and copyright legislation. The legal version of this article can be read at https://www.equitiesfocus.com/2017/09/17/zacks-kkr-real-estate-finance-trust-inc-kref-given-consensus-rating-of-hold-by-analysts.html.

Shares of KKR Real Estate Finance Trust (NASDAQ:KREF) traded down 0.05% during midday trading on Friday, hitting $21.30. The stock had a trading volume of 360,183 shares. KKR Real Estate Finance Trust has a 12-month low of $19.57 and a 12-month high of $23.99. The firm has a 50-day moving average of $20.53 and a 200 day moving average of $21.26. The firm has a market cap of $1.14 billion and a PE ratio of 13.80.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Saturday, September 30th will be given a $0.37 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 6.95%.

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.

Get a free copy of the Zacks research report on KKR Real Estate Finance Trust (KREF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for KKR Real Estate Finance Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR Real Estate Finance Trust Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply