Citizens Jmp Has Lowered Expectations for KKR Real Estate Finance Trust (NYSE:KREF) Stock Price

KKR Real Estate Finance Trust (NYSE:KREF) had its target price cut by research analysts at Citizens Jmp from $10.00 to $9.50 in a report released on Monday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective indicates a potential upside of 48.79% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a report on Thursday, January 22nd. JPMorgan Chase & Co. reduced their price target on KKR Real Estate Finance Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Keefe, Bruyette & Woods decreased their price target on KKR Real Estate Finance Trust from $8.25 to $8.00 and set a “market perform” rating for the company in a research note on Thursday, February 5th. BTIG Research cut KKR Real Estate Finance Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Finally, Wells Fargo & Company cut their price objective on KKR Real Estate Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, KKR Real Estate Finance Trust currently has an average rating of “Hold” and an average target price of $9.50.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock opened at $6.39 on Monday. KKR Real Estate Finance Trust has a 12 month low of $6.38 and a 12 month high of $11.53. The company’s fifty day simple moving average is $7.39 and its 200-day simple moving average is $8.21. The firm has a market cap of $410.43 million, a PE ratio of -6.08 and a beta of 0.90. The company has a quick ratio of 407.64, a current ratio of 407.64 and a debt-to-equity ratio of 3.83.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. KKR Real Estate Finance Trust had a negative net margin of 10.80% and a negative return on equity of 1.13%. The business had revenue of $32.72 million during the quarter, compared to the consensus estimate of $26.06 million. Equities research analysts expect that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

Institutional Trading of KKR Real Estate Finance Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. raised 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 acquiring an additional 2,101 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of KKR Real Estate Finance Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock worth $30,000 after acquiring an additional 1,725 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of KKR Real Estate Finance Trust by 178.3% during the fourth 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. EverSource Wealth Advisors LLC grew its position in shares of KKR Real Estate Finance Trust by 742.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company’s stock valued at $36,000 after purchasing an additional 3,658 shares during the last quarter. Finally, Allworth Financial LP increased its position in KKR Real Estate Finance Trust by 3,904.6% during the 2nd quarter. Allworth Financial LP now owns 4,365 shares of the company’s stock worth $38,000 after buying an additional 4,256 shares during the period. Institutional investors own 70.23% of the company’s stock.

About KKR Real Estate Finance Trust

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.