JPMorgan Chase & Co. Boosts KKR Real Estate Finance Trust (NYSE:KREF) Price Target to $12.00

KKR Real Estate Finance Trust (NYSE:KREF) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from $11.50 to $12.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 0.93% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. BTIG Research reaffirmed a “buy” rating and set a $11.50 price target on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. Raymond James upped their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Finally, Keefe, Bruyette & Woods raised KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $11.50 to $13.00 in a research report on Thursday, September 5th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.50.

KKR Real Estate Finance Trust Trading Down 1.4 %

Shares of KREF stock traded down $0.17 during mid-day trading on Thursday, reaching $11.89. The company’s stock had a trading volume of 29,941 shares, compared to its average volume of 530,077. The company has a quick ratio of 392.62, a current ratio of 392.62 and a debt-to-equity ratio of 3.86. The firm has a market capitalization of $824.14 million, a PE ratio of -25.96 and a beta of 0.99. The company’s 50 day simple moving average is $11.85 and its 200-day simple moving average is $10.49. KKR Real Estate Finance Trust has a 12-month low of $8.71 and a 12-month high of $14.12.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Monday, July 22nd. The company reported ($1.57) EPS for the quarter, missing the consensus estimate of $0.30 by ($1.87). KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. The company had revenue of $47.60 million during the quarter, compared to analysts’ expectations of $45.47 million. During the same period last year, the business earned $0.48 earnings per share. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, research analysts predict that KKR Real Estate Finance Trust will post 1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

A number of institutional investors have recently made changes to their positions in KREF. Creative Planning lifted its position in shares of KKR Real Estate Finance Trust by 37.0% in the 3rd quarter. Creative Planning now owns 21,524 shares of the company’s stock worth $266,000 after buying an additional 5,809 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the 3rd quarter worth approximately $25,000. SG Americas Securities LLC lifted its holdings in shares of KKR Real Estate Finance Trust by 128.3% in the 3rd quarter. SG Americas Securities LLC now owns 34,821 shares of the company’s stock worth $430,000 after purchasing an additional 19,570 shares during the last quarter. Algert Global LLC boosted its position in KKR Real Estate Finance Trust by 7.2% during the 2nd quarter. Algert Global LLC now owns 88,193 shares of the company’s stock valued at $798,000 after purchasing an additional 5,933 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in KKR Real Estate Finance Trust by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,542 shares of the company’s stock worth $349,000 after buying an additional 935 shares during the last quarter. 70.23% of the stock is currently owned by institutional investors.

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.