KKR Real Estate Finance Trust (NYSE:KREF) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts rate KKR Real Estate Finance Trust “Hold” on average: Of nine covering firms, two recommend selling, five recommend holding, one recommends buying and one gives a strong-buy rating. The average 12-month price target is $8.92.
• KREF shares opened at $7.59 and were up 1.5%: The stock has traded between $5.25 and $9.98 over the past year, with a market capitalization of approximately $444.6 million.
• Quarterly results slightly missed expectations: KREF reported a loss of $0.58 per share versus consensus estimates of a $0.56 loss, while revenue of $29.34 million exceeded estimates of $24.97 million. Institutional investors own 70.23% of the stock.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) has been assigned an average recommendation of "Hold" from the nine ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $8.9167.

KREF has been the subject of a number of analyst reports. Raymond James Financial raised shares of KKR Real Estate Finance Trust from an "outperform" rating to a "strong-buy" rating and set a $9.50 price objective for the company in a research report on Thursday, August 6th. JPMorgan Chase & Co. dropped their target price on shares of KKR Real Estate Finance Trust from $8.00 to $7.50 and set an "underweight" rating on the stock in a report on Friday, July 24th. Wells Fargo & Company cut their target price on shares of KKR Real Estate Finance Trust from $9.00 to $7.00 and set an "overweight" rating for the company in a research note on Tuesday, April 28th. Citizens Jmp cut KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating in a report on Monday, April 27th. Finally, Citigroup downgraded KKR Real Estate Finance Trust from a "neutral" rating to a "market perform" rating in a research report on Monday, April 27th.

KKR Real Estate Finance Trust Trading Up 1.5%

NYSE KREF opened at $7.59 on Friday. KKR Real Estate Finance Trust has a 12 month low of $5.25 and a 12 month high of $9.98. The company has a current ratio of 407.64, a quick ratio of 407.64 and a debt-to-equity ratio of 4.36. The stock has a 50 day moving average of $7.28 and a 200-day moving average of $6.91. The company has a market cap of $444.62 million, a PE ratio of -2.31 and a beta of 0.82.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported ($0.58) earnings per share for the quarter, missing analysts' consensus estimates of ($0.56) by ($0.02). KKR Real Estate Finance Trust had a negative return on equity of 1.53% and a negative net margin of 47.33%.The firm had revenue of $29.34 million for the quarter, compared to analyst estimates of $24.97 million. On average, equities research analysts anticipate that KKR Real Estate Finance Trust will post 0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. raised its stake in KKR Real Estate Finance Trust by 210.5% in the 4th quarter. Hantz Financial Services Inc. now owns 3,099 shares of the company's stock valued at $25,000 after acquiring an additional 2,101 shares during the period. PNC Financial Services Group Inc. boosted its position in KKR Real Estate Finance Trust by 178.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,537 shares of the company's stock worth $29,000 after purchasing an additional 2,266 shares during the period. Geneos Wealth Management Inc. boosted its position 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 worth $30,000 after purchasing an additional 1,725 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of KKR Real Estate Finance Trust by 742.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company's stock valued at $36,000 after purchasing an additional 3,658 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of KKR Real Estate Finance Trust by 5,654.7% in the first quarter. Fifth Third Bancorp now owns 6,100 shares of the company's stock valued at $37,000 after purchasing an additional 5,994 shares during the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust, Inc NYSE: KREF is a mortgage real estate investment trust sponsored by KKR & Co Inc The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.

The trust's investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions.

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