Weiss Ratings Reiterates "Sell (D)" Rating for KKR Real Estate Finance Trust (NYSE:KREF)

Key Points

• Weiss Ratings has reiterated a "Sell (D)" rating for KKR Real Estate Finance Trust (NYSE:KREF) amidst recent stock analysis.
• Despite Weiss Ratings maintaining a sell rating, Zacks Research and Wall Street Zen have upgraded the stock to a "hold," indicating mixed analyst sentiments.
• KKR Real Estate Finance Trust reported a loss of ($0.53) EPS for the last quarter, significantly missing the consensus estimate, though it achieved revenues of $35.75 million.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report)'s stock had its "sell (d)" rating reissued by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other analysts have also recently issued reports on the stock. Zacks Research raised shares of KKR Real Estate Finance Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. Wall Street Zen raised shares of KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $11.44.

KKR Real Estate Finance Trust Stock Down 0.3%

Shares of KREF opened at $8.60 on Wednesday. The stock has a market capitalization of $564.85 million, a PE ratio of -13.03 and a beta of 0.89. KKR Real Estate Finance Trust has a 1 year low of $8.28 and a 1 year high of $12.33. 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 50-day simple moving average is $9.34 and its 200-day simple moving average is $9.31.

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

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its stake in 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 valued at $30,000 after purchasing an additional 1,725 shares during the last quarter. Public Sector Pension Investment Board increased its stake in KKR Real Estate Finance Trust by 6.1% in the second quarter. Public Sector Pension Investment Board now owns 194,133 shares of the company's stock valued at $1,703,000 after purchasing an additional 11,110 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in KKR Real Estate Finance Trust by 64.1% in the second quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company's stock valued at $50,000 after purchasing an additional 2,238 shares during the last quarter. Sophron Capital Management L.P. increased its stake in KKR Real Estate Finance Trust by 57.1% in the second quarter. Sophron Capital Management L.P. now owns 57,138 shares of the company's stock valued at $501,000 after purchasing an additional 20,759 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new position in KKR Real Estate Finance Trust in the second quarter valued at approximately $240,000. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

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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