KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) was downgraded by stock analysts at Keefe, Bruyette & Woods from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Monday, Marketbeat reports. They currently have a $10.75 target price on the stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 24.78% from the stock's current price.
Separately, JPMorgan Chase & Co. reduced their target price on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.21.
Read Our Latest Report on KKR Real Estate Finance Trust
KKR Real Estate Finance Trust Stock Down 1.4 %
KREF stock traded down $0.13 during trading on Monday, reaching $8.62. The stock had a trading volume of 861,089 shares, compared to its average volume of 495,877. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50. The firm has a fifty day moving average price of $10.71 and a 200 day moving average price of $11.00. The company has a market capitalization of $591.97 million, a P/E ratio of 47.86 and a beta of 0.88. KKR Real Estate Finance Trust has a 1-year low of $8.28 and a 1-year high of $12.95.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.20. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. On average, equities analysts anticipate that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.
Institutional Investors Weigh In On KKR Real Estate Finance Trust
Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in KKR Real Estate Finance Trust by 2,508.7% in the first quarter. GAMMA Investing LLC now owns 5,400 shares of the company's stock worth $58,000 after purchasing an additional 5,193 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of KKR Real Estate Finance Trust in the 4th quarter worth about $96,000. Caxton Associates LP acquired a new position in shares of KKR Real Estate Finance Trust in the 4th quarter valued at about $110,000. Abel Hall LLC bought a new stake in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at about $138,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in KKR Real Estate Finance Trust during the fourth quarter worth about $119,000. 70.23% of the stock is currently owned by institutional investors.
About KKR Real Estate Finance Trust
(
Get Free Report)
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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