KKR Real Estate Finance Trust (NYSE:KREF) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

KKR Real Estate Finance Trust (NYSE:KREF) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.13 and traded as low as $7.07. KKR Real Estate Finance Trust shares last traded at $7.2250, with a volume of 916,723 shares traded.

Wall Street Analysts Forecast Growth

KREF has been the subject of several research reports. 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 target price for the company in a research note on Thursday. Citizens Jmp lowered KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, April 27th. Wells Fargo & Company cut 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 report on Tuesday, April 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Friday, July 17th. Finally, Citigroup lowered KKR Real Estate Finance Trust from a “neutral” rating to a “market perform” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, KKR Real Estate Finance Trust has a consensus rating of “Hold” and a consensus target price of $8.92.

KKR Real Estate Finance Trust Trading Up 4.5%

The business’s 50 day moving average price is $7.17 and its 200-day moving average price is $6.95. The company has a market cap of $455.46 million, a price-to-earnings ratio of -2.37 and a beta of 0.82. The company has a debt-to-equity ratio of 4.36, a quick ratio of 407.64 and a current ratio of 407.64.

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 net margin of 47.33% and a negative return on equity of 1.53%. The business had revenue of $29.34 million during the quarter, compared to the consensus estimate of $24.97 million. On average, research analysts forecast that KKR Real Estate Finance Trust will post 0.28 EPS for the current year.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. grew 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. Cura Wealth Advisors LLC raised its stake in shares of KKR Real Estate Finance Trust by 2.0% during the 4th quarter. Cura Wealth Advisors LLC now owns 100,672 shares of the company’s stock worth $828,000 after purchasing an additional 1,976 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of 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 during the last quarter. Tower Research Capital LLC TRC boosted its holdings 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 buying an additional 2,238 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of KKR Real Estate Finance Trust by 178.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,537 shares of the company’s stock valued at $29,000 after buying an additional 2,266 shares in the last quarter. 70.23% of the stock is currently owned by institutional investors.

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.