Weiss Ratings Reiterates “Sell (D)” Rating for KKR Real Estate Finance Trust (NYSE:KREF)

KKR Real Estate Finance Trust (NYSE:KREF)‘s stock had its “sell (d)” rating reaffirmed by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

KREF has been the topic of a number of other reports. Zacks Research upgraded shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Wall Street Zen upgraded shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.44.

KKR Real Estate Finance Trust Stock Performance

NYSE:KREF opened at $8.60 on Wednesday. The firm’s fifty day moving average price is $9.34 and its 200 day moving average price is $9.31. KKR Real Estate Finance Trust has a 1-year low of $8.28 and a 1-year high of $12.33. The company has a debt-to-equity ratio of 3.81, a current ratio of 440.20 and a quick ratio of 440.20. The firm has a market cap of $564.85 million, a price-to-earnings ratio of -13.03 and a beta of 0.89.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.37). KKR Real Estate Finance Trust had a negative net margin of 4.43% and a positive return on equity of 1.61%. The firm had revenue of $35.75 million during the quarter, compared to analysts’ expectations of $32.55 million. On average, sell-side analysts expect that KKR Real Estate Finance Trust will post 1.05 EPS for the current year.

Institutional Trading of KKR Real Estate Finance Trust

Institutional investors have recently modified their holdings of the company. Graham Capital Management L.P. grew its holdings in shares of KKR Real Estate Finance Trust by 72.4% during the 1st quarter. Graham Capital Management L.P. now owns 77,063 shares of the company’s stock worth $832,000 after purchasing an additional 32,374 shares during the period. Nuveen LLC purchased a new stake in shares of KKR Real Estate Finance Trust during the 1st quarter worth about $2,241,000. Rhino Investment Partners Inc grew its holdings in shares of KKR Real Estate Finance Trust by 207.7% during the 1st quarter. Rhino Investment Partners Inc now owns 296,668 shares of the company’s stock worth $3,204,000 after purchasing an additional 200,244 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of KKR Real Estate Finance Trust by 4.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 666,973 shares of the company’s stock worth $7,203,000 after purchasing an additional 29,112 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of KKR Real Estate Finance Trust by 9,954.2% in the first quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company’s stock worth $26,000 after buying an additional 2,389 shares during the period. Hedge funds and other institutional investors own 70.23% of the company’s stock.

About KKR Real Estate Finance Trust

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.