JPMorgan Chase & Co. Has Lowered Expectations for KKR Real Estate Finance Trust (NYSE:KREF) Stock Price

KKR Real Estate Finance Trust (NYSE:KREF) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $12.00 to $11.50 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 0.69% from the stock’s current price.

Other research analysts have also issued reports about the stock. Wells Fargo & Company lifted their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Keefe, Bruyette & Woods raised KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $11.50 to $13.00 in a report on Thursday, September 5th. Raymond James dropped their target price on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, JMP Securities upped their price target 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. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $12.75.

KKR Real Estate Finance Trust Price Performance

Shares of KREF opened at $11.58 on Monday. The firm has a market cap of $805.62 million, a PE ratio of -38.60 and a beta of 0.98. KKR Real Estate Finance Trust has a 52-week low of $8.71 and a 52-week high of $14.12. The company has a debt-to-equity ratio of 3.75, a quick ratio of 277.63 and a current ratio of 277.63. The business’s 50 day moving average price is $11.67 and its two-hundred day moving average price is $11.03.

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

Institutional Trading of KKR Real Estate Finance Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Algert Global LLC increased its stake in KKR Real Estate Finance Trust by 88.6% in the 3rd quarter. Algert Global LLC now owns 166,373 shares of the company’s stock worth $2,055,000 after acquiring an additional 78,180 shares during the last quarter. Drive Wealth Management LLC purchased a new stake in KKR Real Estate Finance Trust during the third quarter valued at about $898,000. GFS Advisors LLC grew its stake in shares of KKR Real Estate Finance Trust by 9,591.3% during the third quarter. GFS Advisors LLC now owns 290,740 shares of the company’s stock valued at $3,591,000 after buying an additional 287,740 shares during the last quarter. Zacks Investment Management purchased a new stake in KKR Real Estate Finance Trust during the 3rd quarter valued at about $2,792,000. Finally, Quest Partners LLC bought a new position in KKR Real Estate Finance Trust during the 3rd quarter worth approximately $1,201,000. 70.23% of the stock is currently owned by institutional investors.

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.