KKR Real Estate Finance Trust (NYSE:KREF) Upgraded by Wall Street Zen to "Hold" Rating

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

Several other analysts also recently commented on the stock. Keefe, Bruyette & Woods downgraded shares of KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 target price for the company. in a report on Monday, April 7th. JMP Securities reiterated a "market outperform" rating and issued a $12.00 target price on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $11.95.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock opened at $9.20 on Friday. The firm has a 50-day moving average of $9.09 and a 200-day moving average of $9.83. The company has a market cap of $603.93 million, a P/E ratio of -13.93 and a beta of 0.91. The company has a debt-to-equity ratio of 3.81, a current ratio of 440.20 and a quick ratio of 413.32. KKR Real Estate Finance Trust has a one year low of $8.28 and a one year high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.37). The firm had revenue of $35.75 million during the quarter, compared to analysts' expectations of $32.55 million. KKR Real Estate Finance Trust had a negative net margin of 4.43% and a positive return on equity of 1.61%. Equities research analysts forecast that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

Institutional Trading of KKR Real Estate Finance Trust

A number of large investors have recently added to or reduced their stakes in KREF. Wellington Management Group LLP purchased a new stake in KKR Real Estate Finance Trust during the fourth quarter worth about $5,350,000. Price T Rowe Associates Inc. MD boosted its position in KKR Real Estate Finance Trust by 2,400.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 477,633 shares of the company's stock worth $4,825,000 after purchasing an additional 458,530 shares during the period. Balyasny Asset Management L.P. boosted its position in KKR Real Estate Finance Trust by 116.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company's stock worth $8,531,000 after purchasing an additional 454,517 shares during the period. Lighthouse Investment Partners LLC bought a new position in KKR Real Estate Finance Trust during the fourth quarter worth about $2,477,000. Finally, Nuveen LLC bought a new position in KKR Real Estate Finance Trust during the first quarter worth about $2,241,000. Hedge funds and other institutional investors own 70.23% of the company's stock.

KKR Real Estate Finance Trust Company Profile

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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