KKR Real Estate Finance Trust (NYSE:KREF) Given Consensus Recommendation of “Hold” by Brokerages

KKR Real Estate Finance Trust (NYSE:KREF) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $8.9167.

A number of equities analysts have recently weighed in on KREF shares. JPMorgan Chase & Co. lowered their target price on KKR Real Estate Finance Trust from $8.00 to $7.50 and set an “underweight” rating on the stock in a research note on Friday, July 24th. Zacks Research upgraded KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Keefe, Bruyette & Woods upped their price objective on KKR Real Estate Finance Trust from $6.50 to $7.00 and gave the company a “market perform” rating in a report on Thursday, July 23rd. Wall Street Zen cut KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Finally, Citizens Jmp downgraded KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a report on Monday, April 27th.

KKR Real Estate Finance Trust Stock Up 1.5%

KKR Real Estate Finance Trust stock opened at $7.59 on Friday. The company’s 50-day moving average price is $7.28 and its two-hundred day moving average price is $6.91. The company has a quick ratio of 407.64, a current ratio of 407.64 and a debt-to-equity ratio of 4.36. The stock has a market cap of $444.62 million, a P/E ratio of -2.31 and a beta of 0.82. KKR Real Estate Finance Trust has a twelve month low of $5.25 and a twelve month high of $9.98.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Tuesday, July 21st. The company reported ($0.58) earnings per share (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 firm had revenue of $29.34 million for the quarter, compared to the consensus estimate of $24.97 million. As a group, analysts expect that KKR Real Estate Finance Trust will post 0.28 EPS for the current year.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. raised its stake 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 worth $25,000 after purchasing an additional 2,101 shares in the last quarter. Geneos Wealth Management Inc. grew 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 worth $30,000 after purchasing an additional 1,725 shares in the last quarter. PNC Financial Services Group Inc. increased 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 purchasing an additional 2,266 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of KKR Real Estate Finance Trust by 742.0% during the second quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company’s stock worth $36,000 after purchasing an additional 3,658 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $37,000. 70.23% of the stock is 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.