Keefe, Bruyette & Woods Issues Pessimistic Forecast for KKR Real Estate Finance Trust (NYSE:KREF) Stock Price

KKR Real Estate Finance Trust (NYSE:KREF) had its price target reduced by equities researchers at Keefe, Bruyette & Woods from $13.00 to $12.25 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 19.75% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Raymond James reduced their price target on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. JMP Securities boosted their target price on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lowered their price target on KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. Finally, Wells Fargo & Company boosted their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, KKR Real Estate Finance Trust has a consensus rating of “Buy” and an average target price of $12.63.

KKR Real Estate Finance Trust Stock Up 2.2 %

Shares of NYSE:KREF traded up $0.22 during trading on Tuesday, reaching $10.23. 148,697 shares of the company traded hands, compared to its average volume of 384,883. The firm has a fifty day simple moving average of $11.06 and a 200 day simple moving average of $11.22. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75. KKR Real Estate Finance Trust has a 1-year low of $8.71 and a 1-year high of $13.19. The firm has a market cap of $711.73 million, a P/E ratio of -34.10 and a beta of 1.00.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Monday, October 21st. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. The firm had revenue of $140.15 million during the quarter, compared to analysts’ expectations of $39.52 million. During the same period in the previous year, the company earned $0.47 earnings per share. Analysts anticipate that KKR Real Estate Finance Trust will post 1.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in KKR Real Estate Finance Trust by 144.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,896 shares of the company’s stock valued at $1,802,000 after acquiring an additional 86,327 shares in the last quarter. Barclays PLC increased its position in shares of KKR Real Estate Finance Trust by 311.8% during the third quarter. Barclays PLC now owns 99,319 shares of the company’s stock valued at $1,226,000 after purchasing an additional 75,200 shares during the period. Algert Global LLC raised its stake in shares of KKR Real Estate Finance Trust by 88.6% in the third quarter. Algert Global LLC now owns 166,373 shares of the company’s stock valued at $2,055,000 after purchasing an additional 78,180 shares in the last quarter. Zacks Investment Management bought a new position in KKR Real Estate Finance Trust in the third quarter worth $2,792,000. Finally, Drive Wealth Management LLC acquired a new stake in KKR Real Estate Finance Trust during the third quarter worth $898,000. Institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Company Profile

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.