KKR Real Estate Finance Trust Inc. (NYSE:KREF) Given Consensus Rating of “Buy” by Analysts

Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have been given a consensus rating of “Buy” by the six research firms that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $12.46.

Several brokerages have recently commented on KREF. Keefe, Bruyette & Woods lowered their target price on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a report on Tuesday, January 21st.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Large investors have recently modified their holdings of the business. KLP Kapitalforvaltning AS bought a new position in shares of KKR Real Estate Finance Trust in the fourth quarter valued at approximately $96,000. Caxton Associates LP bought a new stake in KKR Real Estate Finance Trust during the fourth quarter valued at approximately $110,000. Abel Hall LLC bought a new stake in KKR Real Estate Finance Trust during the third quarter valued at approximately $138,000. Sherbrooke Park Advisers LLC bought a new stake in KKR Real Estate Finance Trust during the fourth quarter valued at approximately $119,000. Finally, First Trust Advisors LP bought a new stake in KKR Real Estate Finance Trust during the fourth quarter valued at approximately $129,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock opened at $10.82 on Friday. The firm has a 50-day moving average of $10.67 and a 200-day moving average of $11.31. The company has a market cap of $743.14 million, a P/E ratio of 60.08 and a beta of 0.99. The company has a debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 296.16. KKR Real Estate Finance Trust has a one year low of $8.71 and a one year high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Monday, February 3rd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.08 by $0.20. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. Equities research analysts forecast that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

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.