KKR Real Estate Finance Trust Inc (NASDAQ:KREF) has received an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.

Brokers have set a 1 year consensus price objective of $21.00 for the company, according to Zacks. Zacks has also given KKR Real Estate Finance Trust an industry rank of 153 out of 265 based on the ratings given to its competitors.

A number of analysts recently 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 assumed coverage on KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. They set a “neutral” rating and a $23.00 price target for the company. Keefe, Bruyette & Woods assumed coverage on KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. They set a “market perform” rating and a $22.50 price target 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 target for the company in a research note on Tuesday, August 1st.

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In related news, CEO Christen E.J. Lee purchased 17,100 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $19.95 per share, for a total transaction of $341,145.00. Following the purchase, the chief executive officer now owns 36,957 shares of the company’s stock, valued at $737,292.15. The transaction was disclosed in a filing with the SEC, which is available at this link.

A number of hedge funds have recently added to or reduced their stakes in KREF. Nationwide Fund Advisors acquired a new position in KKR Real Estate Finance Trust during the 2nd quarter valued at about $128,000. The Manufacturers Life Insurance Company acquired a new position in KKR Real Estate Finance Trust during the 2nd quarter valued at about $154,000. Tower Research Capital LLC TRC acquired a new position in KKR Real Estate Finance Trust during the 2nd quarter valued at about $187,000. Rhumbline Advisers acquired a new position in KKR Real Estate Finance Trust during the 2nd quarter valued at about $235,000. Finally, New York State Common Retirement Fund acquired a new position in KKR Real Estate Finance Trust during the 2nd quarter valued at about $239,000.

KKR Real Estate Finance Trust (NASDAQ KREF) traded up 0.14% on Friday, hitting $21.33. The stock had a trading volume of 18,541 shares. The stock has a market capitalization of $1.15 billion and a price-to-earnings ratio of 13.81. KKR Real Estate Finance Trust has a 52 week low of $19.57 and a 52 week high of $23.99. The company has a 50-day moving average price of $20.58 and a 200-day moving average price of $21.26.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.48 dividend on an annualized basis and a yield of 6.94%.

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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