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KR Real Estate Finance Trust (NYSE:KREF) has a "Moderate Buy" rating from six research firms, with five analysts recommending a buy and one holding a hold rating. The average 1-year target price among these brokers is $11.88. Analysts have been weighing in on the company, with Keefe, Bruyette & Woods downgrading KREF to a "market perform" rating and setting a $10.75 target price. JMP Securities maintained its "market outperform" rating but lowered its target price to $12.00.
The stock has a market capitalization of $626 million and a beta of 0.92, with a current ratio of 413.32 and a debt-to-equity ratio of 3.77. KREF's stock opened at $9.24 on Friday, with a 50-day moving average of $9.17 and a 200-day moving average of $10.11.
The company reported earnings per share (EPS) of ($0.15) for the quarter, missing analysts' estimates by ($0.32). KREF's net margin is 6.42% and its return on equity is 5.90%. Analysts expect the company to post EPS of $1.05 for the current fiscal year.
KKR Real Estate Finance Trust recently declared a quarterly dividend of $0.25 per share, paid on July 15th to stockholders of record on June 30th. The ex-dividend date is also June 30th, with an annualized dividend yield of 10.83%. However, the company's dividend payout ratio (DPR) is high at 625%.
Several institutional investors have made changes to their positions in KREF, including Voya Investment Management LLC and Jane Street Group LLC. As of now, 70.23% of the stock is owned by hedge funds and other institutional investors.
KKR Real Estate Finance Trust focuses on originating and acquiring transitional senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans.
