KKR Real Estate Finance Trust (NYSE:KREF) Downgraded to Market Perform Rating by Keefe, Bruyette & Woods

KKR Real Estate Finance Trust (NYSE:KREF) was downgraded by Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report issued on Monday, Marketbeat reports. They presently have a $10.75 price target on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 22.79% from the company’s current price.

Separately, JPMorgan Chase & Co. lowered their price target on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.21.

KKR Real Estate Finance Trust Stock Performance

KKR Real Estate Finance Trust stock opened at $8.76 on Monday. The firm’s fifty day moving average price is $10.82 and its 200-day moving average price is $11.10. KKR Real Estate Finance Trust has a fifty-two week low of $8.60 and a fifty-two week high of $12.95. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16. The stock has a market cap of $601.59 million, a P/E ratio of 48.64 and a beta of 0.88.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, equities research analysts expect that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in KKR Real Estate Finance Trust by 2,508.7% in the 1st quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock worth $58,000 after buying an additional 5,193 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of KKR Real Estate Finance Trust during the fourth quarter valued at approximately $96,000. Caxton Associates LP purchased a new stake in KKR Real Estate Finance Trust in the fourth quarter worth $110,000. Sherbrooke Park Advisers LLC bought a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at $119,000. Finally, First Trust Advisors LP purchased a new position in KKR Real Estate Finance Trust during the 4th quarter valued at $129,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

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.