KKR Real Estate Finance Trust (NYSE:KREF) Given “Market Outperform” Rating at JMP Securities

JMP Securities reissued their market outperform rating on shares of KKR Real Estate Finance Trust (NYSE:KREF) in a research note published on Tuesday, Benzinga reports. They currently have a $12.00 price objective on the stock.

Other analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods lowered their target price on shares of KKR Real Estate Finance Trust from $10.00 to $9.75 and set a market perform rating on the stock in a research note on Friday, April 26th. JPMorgan Chase & Co. reduced their target price on KKR Real Estate Finance Trust from $11.50 to $10.00 and set an overweight rating for the company in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company lowered their price target on KKR Real Estate Finance Trust from $12.00 to $10.50 and set an overweight rating on the stock in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $11.82.

KKR Real Estate Finance Trust Stock Performance

NYSE:KREF opened at $9.55 on Tuesday. KKR Real Estate Finance Trust has a 1 year low of $9.09 and a 1 year high of $14.12. The company has a debt-to-equity ratio of 4.20, a quick ratio of 364.56 and a current ratio of 364.56. The stock’s fifty day moving average price is $9.77 and its two-hundred day moving average price is $11.10.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Tuesday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. KKR Real Estate Finance Trust had a positive return on equity of 10.38% and a negative net margin of 1.39%. The business had revenue of $151.62 million during the quarter, compared to analyst estimates of $43.16 million. During the same quarter in the previous year, the firm earned $0.48 EPS. On average, research analysts anticipate that KKR Real Estate Finance Trust will post 1.33 earnings per share for the current year.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Large investors have recently modified their holdings of the company. TFO Wealth Partners LLC lifted its stake in shares of KKR Real Estate Finance Trust by 21,842.9% in the 4th quarter. TFO Wealth Partners LLC now owns 3,072 shares of the company’s stock valued at $41,000 after acquiring an additional 3,058 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of KKR Real Estate Finance Trust in the first quarter worth $40,000. EntryPoint Capital LLC bought a new stake in KKR Real Estate Finance Trust during the 1st quarter valued at $54,000. Diversified Trust Co purchased a new stake in KKR Real Estate Finance Trust during the 1st quarter valued at $101,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of KKR Real Estate Finance Trust in the third quarter valued at about $119,000. 70.23% of the stock is owned by hedge funds and other 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.