KKR Real Estate Finance Trust (NYSE:KREF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of KKR Real Estate Finance Trust (NYSE:KREF) have been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $8.9167.

A number of analysts have weighed in on KREF shares. JPMorgan Chase & Co. reduced their target price on KKR Real Estate Finance Trust from $8.00 to $7.50 and set an “underweight” rating on the stock in a research note on Friday, July 24th. Wall Street Zen cut shares of KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Zacks Research raised shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Raymond James Financial upgraded shares of KKR Real Estate Finance Trust from an “outperform” rating to a “strong-buy” rating and set a $9.50 price objective for the company in a report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of KKR Real Estate Finance Trust from $6.50 to $7.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd.

Institutional Trading of KKR Real Estate Finance Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. grew its stake in KKR Real Estate Finance Trust by 210.5% in the fourth quarter. Hantz Financial Services Inc. now owns 3,099 shares of the company’s stock worth $25,000 after purchasing an additional 2,101 shares in the last quarter. Geneos Wealth Management Inc. raised its position in KKR Real Estate Finance Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock valued at $30,000 after purchasing an additional 1,725 shares in the last quarter. PNC Financial Services Group Inc. raised its position in KKR Real Estate Finance Trust by 178.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,537 shares of the company’s stock valued at $29,000 after purchasing an additional 2,266 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in KKR Real Estate Finance Trust by 742.0% during 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 in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of KKR Real Estate Finance Trust in the 2nd quarter worth $37,000. Institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Down 0.5%

Shares of NYSE KREF opened at $7.56 on Friday. KKR Real Estate Finance Trust has a 1 year low of $5.25 and a 1 year high of $9.98. The firm has a 50-day simple moving average of $7.31 and a two-hundred day simple moving average of $6.89. The company has a market cap of $442.86 million, a P/E ratio of -2.30 and a beta of 0.82. The company has a debt-to-equity ratio of 4.36, a current ratio of 407.64 and a quick ratio of 407.64.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Tuesday, July 21st. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.02). KKR Real Estate Finance Trust had a negative net margin of 47.33% and a negative return on equity of 1.53%. The business had revenue of $29.34 million for the quarter, compared to the consensus estimate of $24.97 million. Research analysts anticipate that KKR Real Estate Finance Trust will post 0.28 earnings per share for the current year.

KKR Real Estate Finance Trust Company Profile

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.