Brokerages Set KKR Real Estate Finance Trust Inc (NYSE:KREF) PT at $21.17

KKR Real Estate Finance Trust Inc (NYSE:KREF) has been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $20.75.

KREF has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. TheStreet upgraded KKR Real Estate Finance Trust from a “d” rating to a “c” rating in a report on Wednesday, May 8th.

In other news, CEO Christen E.J. Lee bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $19.15 per share, with a total value of $95,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.89% of the company’s stock.



A number of large investors have recently made changes to their positions in the business. Catalyst Capital Advisors LLC acquired a new position in shares of KKR Real Estate Finance Trust during the 1st quarter worth approximately $44,000. Aperio Group LLC purchased a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at $46,000. Bank of Montreal Can grew its holdings in shares of KKR Real Estate Finance Trust by 411.0% in the second quarter. Bank of Montreal Can now owns 2,652 shares of the company’s stock valued at $52,000 after purchasing an additional 2,133 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of KKR Real Estate Finance Trust by 210.0% in the first quarter. Nisa Investment Advisors LLC now owns 3,410 shares of the company’s stock valued at $68,000 after purchasing an additional 2,310 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of KKR Real Estate Finance Trust by 57.7% in the fourth quarter. Legal & General Group Plc now owns 3,953 shares of the company’s stock valued at $75,000 after purchasing an additional 1,446 shares in the last quarter. 79.81% of the stock is owned by institutional investors.

NYSE KREF traded up $0.08 on Friday, hitting $19.28. The company’s stock had a trading volume of 134,949 shares, compared to its average volume of 288,156. The company has a quick ratio of 637.35, a current ratio of 637.35 and a debt-to-equity ratio of 3.42. KKR Real Estate Finance Trust has a 1-year low of $18.54 and a 1-year high of $21.41. The company’s 50-day moving average is $19.80 and its 200 day moving average is $20.13. The firm has a market cap of $1.11 billion, a PE ratio of 10.04, a PEG ratio of 2.33 and a beta of 0.18.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.05). KKR Real Estate Finance Trust had a return on equity of 7.86% and a net margin of 35.11%. The business had revenue of $25.86 million during the quarter, compared to the consensus estimate of $27.50 million. On average, equities analysts expect that KKR Real Estate Finance Trust will post 1.66 EPS for the current year.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.

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