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

KKR Real Estate Finance Trust (NYSE:KREF) has been given an average rating of “Reduce” by the eight ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $8.80.

KREF has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Friday, July 17th. Keefe, Bruyette & Woods upped their target price on shares of KKR Real Estate Finance Trust from $6.50 to $7.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. Wells Fargo & Company decreased their target price on shares of KKR Real Estate Finance Trust from $9.00 to $7.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Zacks Research upgraded KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Finally, Wall Street Zen lowered KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its holdings in KKR Real Estate Finance Trust by 210.5% in the 4th quarter. Hantz Financial Services Inc. now owns 3,099 shares of the company’s stock valued at $25,000 after buying an additional 2,101 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of 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 worth $29,000 after acquiring an additional 2,266 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of 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 acquiring an additional 1,725 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 3,658 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of KKR Real Estate Finance Trust by 5,654.7% during the 1st quarter. Fifth Third Bancorp now owns 6,100 shares of the company’s stock valued at $37,000 after acquiring an additional 5,994 shares during the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Trading Down 0.3%

Shares of KKR Real Estate Finance Trust stock opened at $7.32 on Tuesday. The stock has a market cap of $428.51 million, a PE ratio of -2.23 and a beta of 0.82. The firm has a fifty day moving average price of $7.03 and a 200 day moving average price of $6.99. 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 has a 1 year low of $5.25 and a 1 year high of $9.98.

KKR Real Estate Finance Trust (NYSE:KREF) last issued 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 return on equity of 1.53% and a negative net margin of 47.33%.The company had revenue of $29.34 million during the quarter, compared to analysts’ expectations of $24.97 million. Equities research analysts predict that KKR Real Estate Finance Trust will post -1.39 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.