Keefe, Bruyette & Woods Lowers KKR Real Estate Finance Trust (NYSE:KREF) Price Target to $8.75

KKR Real Estate Finance Trust (NYSE:KREF) had its target price cut by equities research analysts at Keefe, Bruyette & Woods from $9.50 to $8.75 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 0.34% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research note on Wednesday, October 8th. Zacks Research raised shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen raised shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $9.00 target price (down previously from $9.50) on shares of KKR Real Estate Finance Trust in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.94.

KKR Real Estate Finance Trust Stock Performance

KREF opened at $8.72 on Thursday. The business’s 50 day moving average is $9.20 and its 200-day moving average is $9.15. The stock has a market cap of $571.06 million, a PE ratio of -24.91 and a beta of 0.89. The company has a current ratio of 423.43, a quick ratio of 440.20 and a debt-to-equity ratio of 3.63. KKR Real Estate Finance Trust has a twelve month low of $8.27 and a twelve month high of $12.33.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Tuesday, July 22nd. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.37). KKR Real Estate Finance Trust had a negative net margin of 0.12% and a negative return on equity of 0.60%. The business had revenue of $35.75 million for the quarter, compared to the consensus estimate of $32.55 million. On average, analysts predict that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.

Institutional Trading of KKR Real Estate Finance Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wedbush Securities Inc. boosted its position in KKR Real Estate Finance Trust by 1.5% in the first quarter. Wedbush Securities Inc. now owns 80,386 shares of the company’s stock valued at $868,000 after buying an additional 1,199 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its stake in shares of KKR Real Estate Finance Trust by 12.1% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,466 shares of the company’s stock worth $118,000 after buying an additional 1,457 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in KKR Real Estate Finance Trust by 100.0% in the second 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. State of Alaska Department of Revenue increased its stake in KKR Real Estate Finance Trust by 6.0% in the second quarter. State of Alaska Department of Revenue now owns 33,895 shares of the company’s stock valued at $296,000 after purchasing an additional 1,913 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in KKR Real Estate Finance Trust by 15.4% in the first quarter. Teacher Retirement System of Texas now owns 14,980 shares of the company’s stock valued at $162,000 after purchasing an additional 2,002 shares in the last quarter. Institutional investors own 70.23% of the company’s stock.

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.