KKR Real Estate Finance Trust (NYSE:KREF) PT Raised to $12.00

by · The Cerbat Gem

KKR Real Estate Finance Trust (NYSE:KREF – Get Free Report) had its price target boosted by investment analysts at JPMorgan Chase & Co. from $11.50 to $12.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 0.33% from the company’s previous close.

A number of other equities analysts have also recently commented on KREF. BTIG Research reissued a “buy” rating and issued a $11.50 price objective on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. Wells Fargo & Company lifted their price target on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Raymond James upped their price objective on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Finally, Keefe, Bruyette & Woods raised KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $11.50 to $13.00 in a research note on Thursday, September 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.

Get Our Latest Analysis on KREF

KKR Real Estate Finance Trust Trading Up 0.3 %

Shares of KREF stock opened at $12.04 on Thursday. The stock’s 50-day moving average price is $11.89 and its 200-day moving average price is $10.51. KKR Real Estate Finance Trust has a 12-month low of $8.71 and a 12-month high of $14.12. The stock has a market capitalization of $834.54 million, a price-to-earnings ratio of -26.17 and a beta of 0.99. The company has a current ratio of 392.62, a quick ratio of 392.62 and a debt-to-equity ratio of 3.86.

KKR Real Estate Finance Trust (NYSE:KREF – Get Free Report) last issued its quarterly earnings data on Monday, July 22nd. The company reported ($1.57) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($1.87). KKR Real Estate Finance Trust had a return on equity of 9.88% and a net margin of 5.88%. The firm had revenue of $47.60 million for the quarter, compared to analysts’ expectations of $45.47 million. During the same period last year, the company earned $0.48 earnings per share. The firm’s revenue was down 6.7% on a year-over-year basis. Equities research analysts predict that KKR Real Estate Finance Trust will post 1.35 EPS for the current fiscal year.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Several hedge funds have recently bought and sold shares of KREF. The Manufacturers Life Insurance Company lifted its position 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 purchasing an additional 935 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in KKR Real Estate Finance Trust in the 3rd quarter worth about $25,000. Price T Rowe Associates Inc. MD lifted its holdings in KKR Real Estate Finance Trust by 17.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock valued at $170,000 after buying an additional 2,481 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in KKR Real Estate Finance Trust in the 1st quarter valued at about $54,000. Finally, Creative Planning grew its stake in KKR Real Estate Finance Trust by 37.0% in the 3rd quarter. Creative Planning now owns 21,524 shares of the company’s stock worth $266,000 after acquiring an additional 5,809 shares in the last quarter. Institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Company Profile

(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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