KKR Real Estate Finance Trust (NYSE:KREF) Stock Rating Lowered by Wall Street Zen

KKR Real Estate Finance Trust (NYSE:KREF) was downgraded by investment analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.

KREF has been the subject of a number of other reports. Keefe, Bruyette & Woods reduced their price target on shares of KKR Real Estate Finance Trust from $7.00 to $6.00 and set a “market perform” rating for the company in a report on Friday, April 24th. Citizens Jmp cut shares of KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a report on Monday, April 27th. BTIG Research cut shares of KKR Real Estate Finance Trust from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Zacks Research upgraded shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, KKR Real Estate Finance Trust currently has a consensus rating of “Hold” and a consensus price target of $8.40.

KKR Real Estate Finance Trust Trading Down 0.3%

NYSE:KREF opened at $6.33 on Friday. The company has a current ratio of 407.64, a quick ratio of 407.64 and a debt-to-equity ratio of 3.90. The stock has a market capitalization of $407.21 million, a price-to-earnings ratio of -3.40 and a beta of 0.81. The firm has a fifty day simple moving average of $6.56 and a two-hundred day simple moving average of $7.61. KKR Real Estate Finance Trust has a 12 month low of $5.25 and a 12 month high of $9.98.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). The company had revenue of $20.89 million during the quarter, compared to analyst estimates of $28.76 million. KKR Real Estate Finance Trust had a negative return on equity of 0.78% and a negative net margin of 23.55%. Analysts expect that KKR Real Estate Finance Trust will post 0.11 EPS for the current fiscal year.

Insider Transactions at KKR Real Estate Finance Trust

In other KKR Real Estate Finance Trust news, COO W Patrick Mattson acquired 40,000 shares of KKR Real Estate Finance Trust stock in a transaction dated Friday, April 24th. The stock was purchased at an average cost of $6.03 per share, for a total transaction of $241,200.00. Following the completion of the acquisition, the chief operating officer directly owned 500,287 shares of the company’s stock, valued at $3,016,730.61. This represents a 8.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew A. Salem acquired 60,000 shares of KKR Real Estate Finance Trust stock in a transaction dated Friday, April 24th. The shares were acquired at an average price of $6.04 per share, with a total value of $362,400.00. Following the completion of the acquisition, the chief executive officer directly owned 703,075 shares of the company’s stock, valued at approximately $4,246,573. The trade was a 9.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of KKR Real Estate Finance Trust by 7.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,201,066 shares of the company’s stock valued at $10,810,000 after purchasing an additional 85,411 shares in the last quarter. Invesco Ltd. lifted its position in shares of KKR Real Estate Finance Trust by 36.2% during the third quarter. Invesco Ltd. now owns 1,145,916 shares of the company’s stock valued at $10,313,000 after purchasing an additional 304,413 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of KKR Real Estate Finance Trust by 10.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,002,949 shares of the company’s stock valued at $8,244,000 after purchasing an additional 96,947 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of KKR Real Estate Finance Trust during the third quarter valued at about $5,212,000. Finally, Wellington Management Group LLP lifted its position in shares of KKR Real Estate Finance Trust by 4.9% during the fourth quarter. Wellington Management Group LLP now owns 574,289 shares of the company’s stock valued at $4,721,000 after purchasing an additional 26,878 shares in the last quarter. 70.23% of the stock is currently owned by institutional investors and hedge funds.

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.