KKR Real Estate Finance Trust (NYSE:KREF) Upgraded to Hold by 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 research note published on Tuesday morning, 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. “

KKR Real Estate Finance Trust stock opened at $19.77 on Tuesday. The stock has a market capitalization of $1.13 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 2.38 and a beta of 0.23. KKR Real Estate Finance Trust has a 12 month low of $18.54 and a 12 month high of $21.00. The business has a 50 day simple moving average of $19.71 and a 200-day simple moving average of $19.85. The company has a debt-to-equity ratio of 3.55, a current ratio of 407.43 and a quick ratio of 407.43.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. The business had revenue of $28.63 million during the quarter, compared to analysts’ expectations of $30.30 million. KKR Real Estate Finance Trust had a return on equity of 8.23% and a net margin of 40.23%. On average, equities research analysts anticipate that KKR Real Estate Finance Trust will post 1.65 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date was Friday, September 27th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently 89.58%.

In other KKR Real Estate Finance Trust news, CEO Christen E.J. Lee acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of $19.15 per share, for a total transaction of $95,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. Capital Growth Management LP increased its stake in KKR Real Estate Finance Trust by 101.6% in the 2nd quarter. Capital Growth Management LP now owns 1,734,000 shares of the company’s stock valued at $34,541,000 after buying an additional 874,000 shares during the last quarter. Timbercreek Investment Management Inc. bought a new stake in shares of KKR Real Estate Finance Trust during the third quarter valued at approximately $6,646,000. Callodine Capital Management LP boosted its stake in KKR Real Estate Finance Trust by 435.0% in the second quarter. Callodine Capital Management LP now owns 347,763 shares of the company’s stock valued at $6,927,000 after acquiring an additional 282,763 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in KKR Real Estate Finance Trust by 52.2% in the second quarter. Nuveen Asset Management LLC now owns 735,279 shares of the company’s stock valued at $14,647,000 after acquiring an additional 252,275 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in KKR Real Estate Finance Trust by 1,709.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 204,089 shares of the company’s stock valued at $4,066,000 after acquiring an additional 192,811 shares during the last quarter. 79.84% of the stock is currently owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Company Profile

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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