Wells Fargo & Company Cuts KKR Real Estate Finance Trust (NYSE:KREF) Price Target to $22.00

Wells Fargo & Company Cuts KKR Real Estate Finance Trust (NYSE:KREF) Price Target to $22.00

Roger Pettingell Sarasota Real Estate

KKR Real Estate Finance Trust (NYSE:KREFGet Rating) had its price target cut by Wells Fargo & Company to $22.00 in a research report released on Wednesday morning, Stock Target Advisor reports. They currently have an outperform rating on the stock.

KKR Real Estate Finance Trust Trading Up 2.3 %

Shares of NYSE:KREF opened at $19.24 on Wednesday. KKR Real Estate Finance Trust has a 12-month low of $16.47 and a 12-month high of $23.40. The stock has a market cap of $1.31 billion, a PE ratio of 10.13 and a beta of 0.70. The business has a 50 day moving average of $18.48 and a 200-day moving average of $19.85. The company has a quick ratio of 409.61, a current ratio of 409.61 and a debt-to-equity ratio of 3.30.

KKR Real Estate Finance Trust (NYSE:KREFGet Rating) last released its quarterly earnings results on Monday, July 25th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. KKR Real Estate Finance Trust had a net margin of 48.10% and a return on equity of 8.10%. During the same period in the prior year, the business earned $0.54 earnings per share. As a group, equities research analysts forecast that KKR Real Estate Finance Trust will post 1.75 earnings per share for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.94%. KKR Real Estate Finance Trust’s payout ratio is 90.53%.

Insider Buying and Selling at KKR Real Estate Finance Trust

In other KKR Real Estate Finance Trust news, major shareholder Reft Holdings L.P. Kkr sold 4,250,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $19.51, for a total transaction of $82,917,500.00. Following the completion of the transaction, the insider now directly owns 10,000,000 shares in the company, valued at $195,100,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC raised its position in KKR Real Estate Finance Trust by 19.6% during the fourth quarter. Catalyst Capital Advisors LLC now owns 3,300 shares of the company’s stock valued at $69,000 after purchasing an additional 540 shares in the last quarter. Signaturefd LLC grew its stake in shares of KKR Real Estate Finance Trust by 40.2% during the first quarter. Signaturefd LLC now owns 1,889 shares of the company’s stock worth $39,000 after buying an additional 542 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of KKR Real Estate Finance Trust by 12.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 6,066 shares of the company’s stock worth $126,000 after buying an additional 683 shares during the last quarter. Claybrook Capital LLC grew its stake in shares of KKR Real Estate Finance Trust by 0.6% during the first quarter. Claybrook Capital LLC now owns 109,146 shares of the company’s stock worth $2,249,000 after buying an additional 692 shares during the last quarter. Finally, Strs Ohio grew its stake in shares of KKR Real Estate Finance Trust by 9.3% during the fourth quarter. Strs Ohio now owns 8,200 shares of the company’s stock worth $170,000 after buying an additional 700 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

About KKR Real Estate Finance Trust

(Get Rating)

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.

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