As Benzinga reports, shares of KKR Real Estate Finance Trust (NYSE:KREF – Get free report ) were reissued a “buy” rating by equity research firm BTIG Research in a report issued on Friday. The stock currently has a target price of $11.50. BTIG Research's price target indicates an upside potential of 15.40% from the company's current price.
KREF has also been the topic of several other reports. Keefe, Bruyette & Woods lowered their price target on KKR Real Estate Finance Trust from $10.00 to $9.75 and set an “in line with market average” rating on the stock in a research report on Friday, April 26th. JMP Securities set their price target on KKR Real Estate Finance Trust at $12.00 and reaffirmed their “above market average” rating in a research report on Tuesday, May 21st. Finally, 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 research report on Tuesday. Two research analysts have assigned a hold rating to the stock and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.25.
Read the latest stock analysis for KKR Real Estate Finance Trust
KKR Real Estate Finance Trust shares rose 0.2%
KREF shares opened trading at $9.97 on Friday. The company's 50-day simple moving average is $9.44 and its 200-day simple moving average is $10.19. The company has a market capitalization of $690.71 million, a P/E ratio of -21.66 and a beta of 0.99. KKR Real Estate Finance Trust's 12-month low is $8.71 and a high of $14.12. The company has a debt-to-equity ratio of 4.20, a current ratio of 364.56 and a quick ratio of 364.56.
KKR Real Estate Finance Trust (NYSE:KREF – Get free report ) announced its quarterly earnings report on Tuesday, April 23rd. The company reported quarterly EPS of $0.39, beating the consensus estimate of $0.37 by $0.02. Revenues for the quarter were $151.62 million, beating analyst expectations of $43.16 million. KKR Real Estate Finance Trust had a net margin of -1.39% and a return on equity of +10.38%. Year-ago earnings per share of $0.48 were posted in the same quarter last year. Equity analysts expect KKR Real Estate Finance Trust to post EPS of $1.21 for the current fiscal year.
Hedge funds step in to KKR Real Estate Finance Trust
A number of large investors have recently bought and sold shares of KREF. Significant Wealth Partners LLC purchased a new position in KKR Real Estate Finance Trust in the fourth quarter worth approximately $2,838,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in KKR Real Estate Finance Trust by 9.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,148,784 shares of the company's stock after purchasing an additional 178,603 shares during the period, valued at $21,617,000. Charles Schwab Investment Management Inc. increased its holdings in KKR Real Estate Finance Trust by 14.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 804,214 shares of the company's stock, valued at $10,640,000, after purchasing an additional 104,360 shares during the period. BI Asset Management Fondsmaeglerselskab AS increased its stake in KKR Real Estate Finance Trust by 45.9% during the first quarter. BI Asset Management Fondsmaeglerselskab AS now owns 212,100 shares of the company's stock valued at $2,134,000 after purchasing an additional 66,716 shares during the period. Finally, Quantbot Technologies LP bought a new stake in KKR Real Estate Finance Trust in the first quarter for about $442,000. Hedge funds and other institutional investors own 70.23% of the company's shares.
About KKR Real Estate Finance Trust
(Get your free report)
KKR Real Estate Finance Trust Inc is a mortgage real estate investment trust focused on originating and acquiring transitional senior loans secured primarily by commercial real estate (CRE) assets. The firm originates and purchases CRE-related credit investments, including leveraged and unleveraged commercial real estate loans.
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