KKR Real Estate Finance Trust (NYSE:KREF) Price Target Cut to $10.00 by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo & Company has cut the price target for KKR Real Estate Finance Trust from $11.00 to $10.00, maintaining an "overweight" rating, which indicates a potential upside of 14.68% from the stock’s previous close.
• Other analysts have also lowered their price targets, with JPMorgan Chase rating the stock as "neutral" with a target of $9.00, while Keefe, Bruyette & Woods set a target of $8.75 and rated it a "market perform."
• The company reported a quarterly EPS of ($0.53), missing expectations, but achieved revenue of $35.75 million, exceeding analyst forecasts.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) had its price objective decreased by analysts at Wells Fargo & Company from $11.00 to $10.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's target price suggests a potential upside of 14.68% from the stock's previous close.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $9.00 price target (down previously from $9.50) on shares of KKR Real Estate Finance Trust in a report on Monday. Keefe, Bruyette & Woods reduced their price target on shares of KKR Real Estate Finance Trust from $9.50 to $8.75 and set a "market perform" rating on the stock in a report on Thursday. 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. Weiss Ratings reaffirmed a "sell (d)" rating on shares of KKR Real Estate Finance Trust in a research note on Wednesday, October 8th. Finally, Zacks Research raised KKR Real Estate Finance Trust from a "strong sell" rating to a "hold" rating in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $9.94.

KKR Real Estate Finance Trust Price Performance

KREF stock traded up $0.06 during trading on Friday, reaching $8.72. 565,503 shares of the company were exchanged, compared to its average volume of 633,302. The company has a market cap of $571.07 million, a P/E ratio of -24.91 and a beta of 0.89. KKR Real Estate Finance Trust has a 52-week low of $8.27 and a 52-week high of $12.33. The stock's 50 day moving average price is $9.21 and its 200 day moving average price is $9.15. The company has a debt-to-equity ratio of 3.63, a quick ratio of 440.20 and a current ratio of 423.43.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.37). KKR Real Estate Finance Trust had a negative return on equity of 0.60% and a negative net margin of 0.12%.The company had revenue of $35.75 million for the quarter, compared to analysts' expectations of $32.55 million. As a group, analysts predict that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in KKR Real Estate Finance Trust during the first quarter worth about $28,000. Geneos Wealth Management Inc. increased its position in shares of KKR Real Estate Finance Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company's stock worth $30,000 after acquiring an additional 1,725 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of KKR Real Estate Finance Trust by 742.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company's stock valued at $36,000 after acquiring an additional 3,658 shares during the period. Allworth Financial LP raised its stake in shares of KKR Real Estate Finance Trust by 3,904.6% in the 2nd quarter. Allworth Financial LP now owns 4,365 shares of the company's stock valued at $38,000 after acquiring an additional 4,256 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of KKR Real Estate Finance Trust by 64.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company's stock valued at $50,000 after acquiring an additional 2,238 shares during the period. 70.23% of the stock is currently 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.

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