In yesterday’s Wall Street session, KKR Real Estate Finance Trust Inc. (NYSE:KREF) shares traded at $15.52, up 0.91% from the previous session.
7 analysts cover KKR Real Estate Finance Trust Inc. (NYSE:KREF), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $17.00, we find $18.50. Given the previous closing price of $15.38, this indicates a potential upside of 20.29 percent. KREF stock price is now -0.01% away from the 50-day moving average and -13.31% away from the 200-day moving average. The market capitalization of the company currently stands at $1.05B.
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The stock has received a hold rating from 2 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $18.50 as their price target over the next twelve months.
With the price target maintained at $21.50, JMP Securities recently Upgraded its rating from Mkt Perform to Mkt Outperform for KKR Real Estate Finance Trust Inc. (NYSE: KREF). On February 09, 2021, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $19, while ‘BTIG Research’ rates the stock as ‘Buy’.
In other news, KKR Group Partnership L.P., 10% Owner sold 4,250,000 shares of the company’s stock on Jun 07. The stock was sold for $82,917,500 at an average price of $19.51. Upon completion of the transaction, the 10% Owner now directly owns 10,000,000 shares in the company, valued at $155.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07, 10% Owner KKR REFT Holdings L.P. sold 4,250,000 shares of the business’s stock. A total of $82,917,500 was realized by selling the stock at an average price of $19.51. This leaves the insider owning 10,000,000 shares of the company worth $155.2 million. Insiders disposed of 8,500,000 shares of company stock worth roughly $131.92 million over the past 1 year. A total of 1.19% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KREF stock. A new stake in KKR Real Estate Finance Trust Inc. shares was purchased by XML FINANCIAL, LLC during the first quarter worth $1,391,000. CIPHER CAPITAL LP invested $1,108,000 in shares of KREF during the first quarter. In the first quarter, NEUBERGER BERMAN GROUP LLC acquired a new stake in KKR Real Estate Finance Trust Inc. valued at approximately $1,045,000. CONCORDE ASSET MANAGEMENT, LLC acquired a new stake in KREF for approximately $1,007,000. GREAT WEST LIFE ASSURANCE CO /CAN/ purchased a new stake in KREF valued at around $976,000 in the second quarter. In total, there are 258 active investors with 80.40% ownership of the company’s stock.
On Monday morning KKR Real Estate Finance Trust Inc. (NYSE: KREF) stock kicked off with the opening price of $15.39. During the past 12 months, KKR Real Estate Finance Trust Inc. has had a low of $13.55 and a high of $21.79. The fifty day moving average price for KREF is $15.52 and a two-hundred day moving average price translates $17.90 for the stock.
The latest earnings results from KKR Real Estate Finance Trust Inc. (NYSE: KREF) was released for Sep, 2022. According to the REIT – Mortgage Company, earnings per share came in at $0.5, beating analysts’ expectations of $0.46 by 0.04. This compares to $0.57 EPS in the same period last year. The net profit margin was 9.60% and return on equity was 2.30% for KREF. The company reported revenue of $51.16 million for the quarter, compared to $47.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.08 percent. For the current quarter, analysts expect KREF to generate $48.96M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/13/2023. Investors who held shares on 12/30/2022 were paid a $0.43 dividend. On an annualized basis, this represents a $1.72 dividend and a 11.08% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, KREF is presently at 264.60%.
KKR Real Estate Finance Trust Inc.(KREF) Company Profile
KKR Real Estate Finance Trust Inc., a mortgage real estate investment trust, focuses primarily on originating and acquiring 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 mortgage loans, and commercial mortgage-backed securities. The company has elected to be taxed as a real estate investment trust and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. KKR Real Estate Finance Trust Inc. was incorporated in 2014 and is headquartered in New York, New York.
