Analysts Set KKR Real Estate Finance Trust Inc. (NYSE:KREF) Target Price at $11.96

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREFGet Free Report) have been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $11.82.

KREF has been the subject of a number of recent analyst reports. JMP Securities restated a “market outperform” rating and set a $12.00 target price on shares of KKR Real Estate Finance Trust in a report on Tuesday. JPMorgan Chase & Co. decreased their target price on KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. Keefe, Bruyette & Woods decreased their target price on KKR Real Estate Finance Trust from $10.00 to $9.75 and set a “market perform” rating for the company in a report on Friday, April 26th. Finally, Wells Fargo & Company decreased their target price on KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating for the company in a report on Thursday, February 8th.

Check Out Our Latest Stock Report on KKR Real Estate Finance Trust

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Significant Wealth Partners LLC purchased a new stake in shares of KKR Real Estate Finance Trust in the fourth quarter worth $2,838,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of KKR Real Estate Finance Trust by 9.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,148,784 shares of the company’s stock worth $21,617,000 after acquiring an additional 178,603 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of KKR Real Estate Finance Trust by 18.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 699,854 shares of the company’s stock worth $8,307,000 after acquiring an additional 109,995 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of KKR Real Estate Finance Trust by 45.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 212,100 shares of the company’s stock worth $2,134,000 after acquiring an additional 66,716 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of KKR Real Estate Finance Trust in the first quarter worth $442,000. Institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock opened at $9.70 on Friday. The company has a debt-to-equity ratio of 4.20, a quick ratio of 364.56 and a current ratio of 364.56. KKR Real Estate Finance Trust has a fifty-two week low of $9.09 and a fifty-two week high of $14.12. The stock has a 50 day moving average price of $9.79 and a two-hundred day moving average price of $11.12. The company has a market capitalization of $671.96 million, a P/E ratio of -21.08 and a beta of 0.97.

KKR Real Estate Finance Trust (NYSE:KREFGet Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $151.62 million during the quarter, compared to the consensus estimate of $43.16 million. KKR Real Estate Finance Trust had a positive return on equity of 10.38% and a negative net margin of 1.39%. During the same quarter in the prior year, the company earned $0.48 earnings per share. Analysts expect that KKR Real Estate Finance Trust will post 1.33 earnings per share for the current year.

About KKR Real Estate Finance Trust

(Get Free Report

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans.

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Analyst Recommendations for KKR Real Estate Finance Trust (NYSE:KREF)

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