KKR Real Estate Finance Trust (NYSE:KREF) Price Target Increased to $14.00 by Analysts at Wells Fargo & Company

KKR Real Estate Finance Trust (NYSE:KREF) had its price objective lifted by stock analysts at Wells Fargo & Company from $13.00 to $14.00 in a report released on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 9.98% from the company’s previous close.

KREF has been the topic of several other research reports. Raymond James upped their price objective on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday. BTIG Research reaffirmed a “buy” rating and issued a $11.50 price target on shares of KKR Real Estate Finance Trust in a report on Friday, July 19th. JPMorgan Chase & Co. lowered their price target on KKR Real Estate Finance Trust from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and increased their target price for the company from $11.50 to $13.00 in a research report on Thursday, September 5th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.14.

KKR Real Estate Finance Trust Trading Down 1.0 %

KREF traded down $0.13 during trading on Friday, hitting $12.73. 179,486 shares of the company’s stock were exchanged, compared to its average volume of 541,004. The company has a current ratio of 392.62, a quick ratio of 392.62 and a debt-to-equity ratio of 3.86. The firm has a market cap of $882.37 million, a P/E ratio of -27.67 and a beta of 0.99. The stock has a 50 day moving average price of $11.33 and a 200 day moving average price of $10.21. KKR Real Estate Finance Trust has a 1 year low of $8.71 and a 1 year high of $14.12.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Monday, July 22nd. The company reported ($1.57) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($1.87). KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. The firm had revenue of $47.60 million during the quarter, compared to analyst estimates of $45.47 million. During the same period last year, the business earned $0.48 EPS. The firm’s revenue was down 6.7% compared to the same quarter last year. As a group, analysts expect that KKR Real Estate Finance Trust will post 1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

A number of institutional investors have recently modified their holdings of KREF. TFO Wealth Partners LLC increased its holdings in shares of KKR Real Estate Finance Trust by 21,842.9% during the 4th quarter. TFO Wealth Partners LLC now owns 3,072 shares of the company’s stock worth $41,000 after purchasing an additional 3,058 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of KKR Real Estate Finance Trust in the 1st quarter valued at $40,000. EntryPoint Capital LLC purchased a new stake in shares of KKR Real Estate Finance Trust in the first quarter valued at about $54,000. Diversified Trust Co bought a new position in shares of KKR Real Estate Finance Trust during the first quarter valued at about $101,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in KKR Real Estate Finance Trust during the fourth quarter worth about $180,000. Institutional investors and hedge funds 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.