KKR Real Estate Finance Trust (NYSE:KREF) Given Average Rating of “Hold” by Analysts

Shares of KKR Real Estate Finance Trust (NYSE:KREF) have earned an average recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $8.9167.

A number of research firms recently commented on KREF. Citigroup reaffirmed a “market perform” rating on shares of KKR Real Estate Finance Trust in a research note on Tuesday. Raymond James Financial raised shares of KKR Real Estate Finance Trust from an “outperform” rating to a “strong-buy” rating and set a $9.50 target price on the stock in a research note on Thursday, August 6th. Weiss Ratings restated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a report on Friday, July 17th. Zacks Research raised KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Wall Street Zen downgraded KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th.

KKR Real Estate Finance Trust Price Performance

KREF stock opened at $7.04 on Wednesday. KKR Real Estate Finance Trust has a one year low of $5.25 and a one year high of $9.73. The firm has a 50-day moving average of $7.42 and a two-hundred day moving average of $6.94. The firm has a market capitalization of $412.70 million, a PE ratio of -2.15 and a beta of 0.83. The company has a current ratio of 407.64, a quick ratio of 407.64 and a debt-to-equity ratio of 4.36.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Tuesday, July 21st. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $24.97 million. On average, analysts forecast that KKR Real Estate Finance Trust will post 0.28 earnings per share for the current year.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

A number of institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. increased 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 purchasing an additional 2,101 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of KKR Real Estate Finance Trust in the second quarter worth approximately $25,000. Fifth Third Bancorp boosted its holdings in shares of KKR Real Estate Finance Trust by 5,654.7% during the first quarter. Fifth Third Bancorp now owns 6,100 shares of the company’s stock worth $37,000 after purchasing an additional 5,994 shares during the period. Legal & General Group Plc acquired a new stake in shares of KKR Real Estate Finance Trust during the second quarter worth approximately $37,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of KKR Real Estate Finance Trust by 104.6% during the first quarter. PNC Financial Services Group Inc. now owns 7,236 shares of the company’s stock worth $44,000 after purchasing an additional 3,699 shares during the period. 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 publicly traded real estate investment trust that originates, acquires and manages commercial real estate loans. The company primarily provides senior loans secured by institutional-quality properties, with a focus on generating income from commercial real estate credit investments.

KREF’s investments are generally backed by properties in sectors such as multifamily, office, industrial, hospitality and other commercial real estate categories.