KKR Real Estate Finance Trust (NYSE:KREF) Price Target Raised to $7.00

KKR Real Estate Finance Trust (NYSE:KREF) had its target price boosted by Keefe, Bruyette & Woods from $6.50 to $7.00 in a research note published on Thursday morning,Benzinga reports. They currently have a market perform rating on the stock.

KREF has been the subject of several other research reports. Wall Street Zen cut KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Citizens Jmp cut KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, April 27th. Weiss Ratings restated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a report on Friday, July 17th. Citigroup lowered KKR Real Estate Finance Trust from a “neutral” rating to a “market perform” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company dropped their price target on KKR Real Estate Finance Trust from $9.00 to $7.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $8.80.

KKR Real Estate Finance Trust Stock Performance

Shares of NYSE:KREF opened at $7.29 on Thursday. The company has a market cap of $426.93 million, a price-to-earnings ratio of -2.22 and a beta of 0.82. The company has a 50-day moving average price of $7.01 and a 200-day moving average price of $7.00. The company has a current ratio of 407.64, a quick ratio of 407.64 and a debt-to-equity ratio of 4.36. KKR Real Estate Finance Trust has a 12 month low of $5.25 and a 12 month high of $9.98.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Tuesday, July 21st. The company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.02). KKR Real Estate Finance Trust had a negative return on equity of 1.53% and a negative net margin of 47.33%.The firm had revenue of $29.34 million for the quarter, compared to analysts’ expectations of $24.97 million. As a group, equities analysts anticipate that KKR Real Estate Finance Trust will post -1.39 EPS for the current year.

Institutional Trading of KKR Real Estate Finance Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. boosted its position in KKR Real Estate Finance Trust by 210.5% during the 4th quarter. Hantz Financial Services Inc. now owns 3,099 shares of the company’s stock valued at $25,000 after acquiring an additional 2,101 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of KKR Real Estate Finance Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock worth $30,000 after acquiring an additional 1,725 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of KKR Real Estate Finance Trust by 178.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,537 shares of the company’s stock worth $29,000 after acquiring an additional 2,266 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of KKR Real Estate Finance Trust by 742.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company’s stock valued at $36,000 after purchasing an additional 3,658 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of KKR Real Estate Finance Trust by 64.1% in the 2nd 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 period. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust, Inc (NYSE: KREF) is a mortgage real estate investment trust sponsored by KKR & Co Inc The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.

The trust’s investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions.