KKR Real Estate Finance Trust (NYSE:KREF) Stock Rating Lowered by Wall Street Zen

KKR Real Estate Finance Trust (NYSE:KREF) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other brokerages also recently commented on KREF. Keefe, Bruyette & Woods reduced their price target on shares of KKR Real Estate Finance Trust from $8.00 to $7.00 and set a “market perform” rating for the company in a research report on Wednesday, April 8th. Zacks Research upgraded shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. BTIG Research downgraded shares of KKR Real Estate Finance Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Weiss Ratings restated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of KKR Real Estate Finance Trust from $8.00 to $6.50 and set a “neutral” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.00.

KKR Real Estate Finance Trust Trading Up 0.1%

Shares of NYSE:KREF opened at $6.70 on Friday. The stock has a market capitalization of $430.33 million, a price-to-earnings ratio of -6.38 and a beta of 0.91. KKR Real Estate Finance Trust has a 1-year low of $5.87 and a 1-year high of $9.98. The company has a debt-to-equity ratio of 3.83, a quick ratio of 407.64 and a current ratio of 407.64. The company has a 50 day moving average price of $6.69 and a 200 day moving average price of $7.76.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its earnings results on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. The firm had revenue of $32.72 million during the quarter, compared to analysts’ expectations of $26.06 million. KKR Real Estate Finance Trust had a negative net margin of 10.80% and a negative return on equity of 1.13%. On average, research analysts anticipate that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Several large investors have recently made changes to their positions in KREF. Millennium Management LLC grew its stake in shares of KKR Real Estate Finance Trust by 25.9% in the 1st quarter. Millennium Management LLC now owns 353,216 shares of the company’s stock valued at $3,815,000 after buying an additional 72,566 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of KKR Real Estate Finance Trust in the 1st quarter valued at approximately $288,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of KKR Real Estate Finance Trust by 317.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,589 shares of the company’s stock valued at $2,210,000 after buying an additional 155,553 shares in the last quarter. Jane Street Group LLC grew its stake in shares of KKR Real Estate Finance Trust by 72.1% in the 1st quarter. Jane Street Group LLC now owns 172,162 shares of the company’s stock valued at $1,859,000 after buying an additional 72,140 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of KKR Real Estate Finance Trust during the 1st quarter valued at $66,000. Institutional investors own 70.23% of the company’s stock.

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.