KKR Real Estate Finance Trust (NYSE:KREF) Price Target Lowered to $12.25 at Keefe, Bruyette & Woods

KKR Real Estate Finance Trust (NYSE:KREF) had its target price reduced by stock analysts at Keefe, Bruyette & Woods from $13.00 to $12.25 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 19.75% from the company’s previous close.

KREF has been the topic of several other reports. JMP Securities upped their price objective on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price target on KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Raymond James cut their price objective on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price objective on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $12.63.

KKR Real Estate Finance Trust Price Performance

Shares of KREF traded up $0.22 during mid-day trading on Tuesday, reaching $10.23. The company had a trading volume of 148,697 shares, compared to its average volume of 384,883. The company’s 50-day moving average is $11.06 and its 200-day moving average is $11.22. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63. The company has a market capitalization of $711.73 million, a P/E ratio of -34.10 and a beta of 1.00. KKR Real Estate Finance Trust has a twelve month low of $8.71 and a twelve month high of $13.19.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. The company had revenue of $140.15 million during the quarter, compared to analysts’ expectations of $39.52 million. During the same period last year, the business earned $0.47 earnings per share. On average, equities analysts anticipate that KKR Real Estate Finance Trust will post 1.4 EPS for the current year.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Hedge funds have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its position in KKR Real Estate Finance Trust by 6.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 128,155 shares of the company’s stock valued at $1,160,000 after purchasing an additional 7,333 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of KKR Real Estate Finance Trust by 2.5% during the second 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. Algert Global LLC lifted its holdings in KKR Real Estate Finance Trust by 7.2% in the second quarter. Algert Global LLC now owns 88,193 shares of the company’s stock valued at $798,000 after buying an additional 5,933 shares during the period. SG Americas Securities LLC boosted its stake in KKR Real Estate Finance Trust by 128.3% in the third quarter. SG Americas Securities LLC now owns 34,821 shares of the company’s stock valued at $430,000 after acquiring an additional 19,570 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in KKR Real Estate Finance Trust during the 3rd quarter worth $25,000. 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.