Zacks Investment Research Downgrades KKR Real Estate Finance Trust (NYSE:KREF) to Strong Sell

KKR Real Estate Finance Trust (NYSE:KREF) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, April 11th.

According to Zacks, “KKR Real Estate Finance Trust Inc. is a real estate finance company. It focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. KKR Real Estate Finance Trust Inc. is headquartered in New York. “

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A number of other research firms have also recently commented on KREF. ValuEngine upgraded shares of KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Barclays initiated coverage on shares of KKR Real Estate Finance Trust in a report on Friday, January 19th. They set an “overweight” rating for the company. Alex. Brown initiated coverage on shares of KKR Real Estate Finance Trust in a report on Tuesday, March 27th. They set an “outperform” rating and a $21.50 price objective for the company. Finally, JPMorgan Chase lowered shares of KKR Real Estate Finance Trust from a “neutral” rating to an “underweight” rating and set a $23.00 price objective for the company. in a report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. KKR Real Estate Finance Trust currently has an average rating of “Hold” and an average price target of $22.38.

Shares of NYSE KREF opened at $19.87 on Wednesday. The company has a current ratio of 1,807.17, a quick ratio of 1,807.17 and a debt-to-equity ratio of 0.91. The stock has a market cap of $1,050.47 and a PE ratio of 16.06. KKR Real Estate Finance Trust has a 52-week low of $18.09 and a 52-week high of $23.99.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). KKR Real Estate Finance Trust had a net margin of 71.04% and a return on equity of 5.77%. The company had revenue of $28.39 million for the quarter, compared to analysts’ expectations of $23.83 million. equities research analysts forecast that KKR Real Estate Finance Trust will post 1.6 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of KREF. State Street Corp purchased a new position in KKR Real Estate Finance Trust during the second quarter worth $2,200,000. The Manufacturers Life Insurance Company purchased a new position in KKR Real Estate Finance Trust during the second quarter worth $154,000. Wells Fargo & Company MN boosted its stake in KKR Real Estate Finance Trust by 293.7% during the third quarter. Wells Fargo & Company MN now owns 6,712 shares of the company’s stock worth $141,000 after buying an additional 5,007 shares during the period. Acadian Asset Management LLC purchased a new position in KKR Real Estate Finance Trust during the fourth quarter worth $114,000. Finally, Swiss National Bank purchased a new position in KKR Real Estate Finance Trust during the fourth quarter worth $458,000. 73.19% of the stock is owned by institutional investors.

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KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds.

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