Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust (NYSE:KREF) from a strong sell rating to a hold rating in a report issued on Wednesday morning.

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. “

Other research analysts have also recently issued reports about the company. ValuEngine raised KKR Real Estate Finance Trust from a hold rating to a buy rating in a report on Friday, December 29th. Keefe, Bruyette & Woods reissued a hold rating and set a $22.00 price objective on shares of KKR Real Estate Finance Trust in a report on Friday, November 10th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. KKR Real Estate Finance Trust has a consensus rating of Hold and an average price target of $22.67.

KKR Real Estate Finance Trust (NYSE KREF) traded down $0.10 on Wednesday, reaching $19.80. 29,541 shares of the company’s stock were exchanged, compared to its average volume of 62,930. KKR Real Estate Finance Trust has a 1 year low of $19.57 and a 1 year high of $23.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1,736.11 and a current ratio of 1,736.11.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.47%.

In related news, CEO Christen E.J. Lee acquired 12,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was bought at an average cost of $19.99 per share, with a total value of $239,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Several institutional investors have recently added to or reduced their stakes in KREF. FMR LLC bought a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at about $42,262,000. Capital Research Global Investors bought a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at about $32,250,000. Vanguard Group Inc. bought a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at about $17,655,000. Citadel Advisors LLC bought a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at about $11,899,000. Finally, Westfield Capital Management Co. LP bought a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at about $4,312,000. 65.67% of the stock is owned by institutional investors and hedge funds.

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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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