KKR Real Estate Finance Trust (NYSE:KREF) Stock Price Down 3.3%

KKR Real Estate Finance Trust Inc. (NYSE:KREF)’s share price fell 3.3% during mid-day trading on Wednesday . The stock traded as low as $9.53 and last traded at $9.69. 171,645 shares were traded during mid-day trading, a decline of 71% from the average session volume of 584,855 shares. The stock had previously closed at $10.02.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KREF. Wells Fargo & Company lowered their price target on KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating for the company in a report on Thursday, February 8th. JPMorgan Chase & Co. lowered their price target on KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. Finally, JMP Securities decreased their price objective on KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating for the company in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.33.

KKR Real Estate Finance Trust Stock Down 2.4 %

The firm has a market capitalization of $677.85 million, a P/E ratio of -12.53 and a beta of 0.96. The firm’s 50 day moving average is $9.77 and its two-hundred day moving average is $11.31. The company has a debt-to-equity ratio of 4.32, a current ratio of 361.76 and a quick ratio of 361.75.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $151.62 million during the quarter, compared to the consensus estimate of $43.16 million. KKR Real Estate Finance Trust had a negative net margin of 4.82% and a positive return on equity of 10.59%. During the same quarter last year, the firm posted $0.48 EPS. Research analysts predict that KKR Real Estate Finance Trust Inc. will post 1.38 EPS for the current year.

KKR Real Estate Finance Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.22%. The ex-dividend date of this dividend was Wednesday, March 27th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -128.21%.

Insiders Place Their Bets

In other KKR Real Estate Finance Trust news, COO W Patrick Mattson purchased 10,000 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of $9.72 per share, with a total value of $97,200.00. Following the completion of the transaction, the chief operating officer now directly owns 308,446 shares in the company, valued at $2,998,095.12. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other KKR Real Estate Finance Trust news, COO W Patrick Mattson purchased 10,000 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of $9.72 per share, with a total value of $97,200.00. Following the completion of the transaction, the chief operating officer now directly owns 308,446 shares in the company, valued at $2,998,095.12. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew A. Salem purchased 26,000 shares of the stock in a transaction on Thursday, February 8th. The shares were acquired at an average cost of $9.72 per share, for a total transaction of $252,720.00. Following the transaction, the chief executive officer now owns 460,309 shares of the company’s stock, valued at $4,474,203.48. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Institutional investors have recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in shares of KKR Real Estate Finance Trust during the first quarter worth approximately $40,000. TFO Wealth Partners LLC boosted its holdings in shares of KKR Real Estate Finance Trust by 21,842.9% during the fourth quarter. TFO Wealth Partners LLC now owns 3,072 shares of the company’s stock worth $41,000 after acquiring an additional 3,058 shares during the period. Diversified Trust Co bought a new stake in shares of KKR Real Estate Finance Trust during the first quarter worth approximately $101,000. Commonwealth Equity Services LLC bought a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth approximately $119,000. Finally, Autumn Glory Partners LLC bought a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth approximately $119,000. Institutional investors own 70.23% of the company’s stock.

About KKR Real Estate Finance Trust

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.