KKR Real Estate Finance Trust (NYSE:KREF) Hits New 12-Month Low – What’s Next?

KKR Real Estate Finance Trust Inc. (NYSE:KREF)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $8.60 and last traded at $8.73, with a volume of 158603 shares changing hands. The stock had previously closed at $9.56.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KREF. JPMorgan Chase & Co. lowered their target price on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods cut shares of KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating and set a $10.75 target price on the stock. in a report on Monday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, KKR Real Estate Finance Trust has a consensus rating of “Moderate Buy” and an average target price of $12.21.

KKR Real Estate Finance Trust Price Performance

The firm’s fifty day simple moving average is $10.90 and its 200-day simple moving average is $11.17. The firm has a market capitalization of $624.13 million, a PE ratio of 50.72 and a beta of 0.88. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.20. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. On average, research analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 11.01%. KKR Real Estate Finance Trust’s payout ratio is 555.56%.

Institutional Trading of KKR Real Estate Finance Trust

A number of institutional investors have recently made changes to their positions in KREF. Wellington Management Group LLP bought a new position in KKR Real Estate Finance Trust during the fourth quarter valued at approximately $5,350,000. Squarepoint Ops LLC bought a new position in shares of KKR Real Estate Finance Trust during the 4th quarter valued at $199,000. Sherbrooke Park Advisers LLC purchased a new position in shares of KKR Real Estate Finance Trust in the 4th quarter worth $119,000. ProShare Advisors LLC grew its holdings in shares of KKR Real Estate Finance Trust by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 17,710 shares of the company’s stock worth $179,000 after acquiring an additional 5,457 shares during the period. Finally, Nuveen Asset Management LLC increased its position in KKR Real Estate Finance Trust by 2.0% during the fourth quarter. Nuveen Asset Management LLC now owns 214,950 shares of the company’s stock valued at $2,171,000 after acquiring an additional 4,294 shares during the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional 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 real estate loans.