KKR Real Estate Finance Trust (NYSE:KREF) PT Lowered to $10.00 at JPMorgan Chase & Co.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) had its price target cut by equities research analysts at JPMorgan Chase & Co. from $11.50 to $10.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 5.49% from the company's current price.

KREF has been the subject of several other reports. Wells Fargo & Company cut their target price on shares of KKR Real Estate Finance Trust from $12.00 to $10.50 and set an "overweight" rating for the company in a research note on Thursday, February 8th. JMP Securities reduced their target price on KKR Real Estate Finance Trust from $14.50 to $13.00 and set a "market outperform" rating on the stock in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, KKR Real Estate Finance Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.36.

KKR Real Estate Finance Trust Price Performance

KREF traded down $0.43 during trading on Wednesday, reaching $9.48. 707,985 shares of the company traded hands, compared to its average volume of 604,380. The company has a market cap of $657.10 million, a P/E ratio of -12.15 and a beta of 0.96. The company has a debt-to-equity ratio of 4.32, a quick ratio of 361.75 and a current ratio of 361.76. KKR Real Estate Finance Trust has a 12-month low of $9.09 and a 12-month high of $14.12. The firm has a fifty day simple moving average of $9.97 and a 200 day simple moving average of $11.43.

Insiders Place Their Bets

In related news, COO W Patrick Mattson bought 10,000 shares of the business's stock in a transaction dated Thursday, February 8th. The shares were purchased at an average price of $9.72 per share, with a total value of $97,200.00. Following the transaction, the chief operating officer now owns 308,446 shares in the company, valued at approximately $2,998,095.12. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, COO W Patrick Mattson purchased 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average cost of $9.72 per share, for a total transaction of $97,200.00. Following the acquisition, the chief operating officer now owns 308,446 shares of the company's stock, valued at approximately $2,998,095.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew A. Salem acquired 26,000 shares of the firm's stock in a transaction on Thursday, February 8th. The stock was purchased at an average cost of $9.72 per share, with a total value of $252,720.00. Following the purchase, the chief executive officer now owns 460,309 shares of the company's stock, valued at $4,474,203.48. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KREF. TFO Wealth Partners LLC increased its holdings in KKR Real Estate Finance Trust by 21,842.9% during the 4th quarter. TFO Wealth Partners LLC now owns 3,072 shares of the company's stock worth $41,000 after purchasing an additional 3,058 shares during the period. LM Advisors LLC bought a new stake in shares of KKR Real Estate Finance Trust in the fourth quarter valued at about $42,000. Captrust Financial Advisors purchased a new stake in KKR Real Estate Finance Trust in the second quarter worth about $56,000. Quarry LP grew its holdings in KKR Real Estate Finance Trust by 542.7% during the 1st quarter. Quarry LP now owns 3,850 shares of the company's stock worth $44,000 after acquiring an additional 3,251 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in KKR Real Estate Finance Trust by 188.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,102 shares of the company's stock valued at $67,000 after purchasing an additional 2,680 shares during the period. Hedge funds and other institutional investors own 70.23% of the company's stock.

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.