Keefe, Bruyette & Woods Has Lowered Expectations for KKR Real Estate Finance Trust (NYSE:KREF) Stock Price

Key Points

• Keefe, Bruyette & Woods has lowered its price target for KKR Real Estate Finance Trust from $9.50 to $8.75, maintaining a "market perform" rating.
• Shares of KKR Real Estate Finance Trust are currently trading at $8.62, reflecting a recent decline of 0.2%.
• The stock's average rating is "Hold," with a consensus target price of $9.92 according to MarketBeat.com.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) had its price target decreased by research analysts at Keefe, Bruyette & Woods from $9.50 to $8.75 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 1.57% from the stock's current price.

Other analysts have also issued research reports about the company. Wall Street Zen raised KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Zacks Research raised KKR Real Estate Finance Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $9.00 target price (down previously from $9.50) on shares of KKR Real Estate Finance Trust in a report on Monday. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of KKR Real Estate Finance Trust in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $9.92.

KKR Real Estate Finance Trust Stock Down 0.2%

Shares of NYSE KREF traded down $0.02 during mid-day trading on Thursday, reaching $8.62. 215,153 shares of the company traded hands, compared to its average volume of 630,915. The company has a debt-to-equity ratio of 3.81, a quick ratio of 440.20 and a current ratio of 440.20. The company's fifty day moving average is $9.22 and its two-hundred day moving average is $9.16. The stock has a market cap of $565.83 million, a PE ratio of -24.64 and a beta of 0.89. KKR Real Estate Finance Trust has a fifty-two week low of $8.27 and a fifty-two week high of $12.33.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.37). KKR Real Estate Finance Trust had a negative return on equity of 0.59% and a negative net margin of 0.12%.The firm had revenue of $35.75 million for the quarter, compared to analyst estimates of $32.55 million. On average, analysts expect that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in KKR Real Estate Finance Trust during the 3rd quarter worth approximately $144,000. CWM LLC grew its holdings in KKR Real Estate Finance Trust by 79.8% during the third quarter. CWM LLC now owns 20,575 shares of the company's stock valued at $185,000 after purchasing an additional 9,129 shares during the period. Geneos Wealth Management Inc. grew its holdings in KKR Real Estate Finance Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company's stock valued at $30,000 after purchasing an additional 1,725 shares during the period. Public Sector Pension Investment Board lifted its position in shares of KKR Real Estate Finance Trust by 6.1% during the second quarter. Public Sector Pension Investment Board now owns 194,133 shares of the company's stock worth $1,703,000 after acquiring an additional 11,110 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of KKR Real Estate Finance Trust by 64.1% during the second quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company's stock worth $50,000 after acquiring an additional 2,238 shares in the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.