Wells Fargo & Company Raises KKR Real Estate Finance Trust (NYSE:KREF) Price Target to $14.00

KKR Real Estate Finance Trust (NYSE:KREF) had its price target boosted by research analysts at Wells Fargo & Company from $13.00 to $14.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 11.02% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. Raymond James boosted their target price on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday. BTIG Research reaffirmed a “buy” rating and set a $11.50 price objective on shares of KKR Real Estate Finance Trust in a report on Friday, July 19th. Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and raised their target price for the company from $11.50 to $13.00 in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of KKR Real Estate Finance Trust from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, KKR Real Estate Finance Trust has a consensus rating of “Moderate Buy” and an average price target of $12.14.

KKR Real Estate Finance Trust Trading Down 1.9 %

KKR Real Estate Finance Trust stock opened at $12.61 on Friday. KKR Real Estate Finance Trust has a 1 year low of $8.71 and a 1 year high of $14.12. The firm’s 50 day moving average price is $11.39 and its 200-day moving average price is $10.24. The company has a debt-to-equity ratio of 3.86, a current ratio of 392.62 and a quick ratio of 392.62. The stock has a market cap of $874.05 million, a P/E ratio of -27.41 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings results on Monday, July 22nd. The company reported ($1.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($1.87). The company had revenue of $47.60 million during the quarter, compared to the consensus estimate of $45.47 million. KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. The business’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. On average, equities analysts predict that KKR Real Estate Finance Trust will post 1.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Several hedge funds and other institutional investors have recently made changes to their positions in KREF. Charles Schwab Investment Management Inc. grew its holdings in KKR Real Estate Finance Trust by 14.9% during the 4th 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 last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of KKR Real Estate Finance Trust by 9.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,148,784 shares of the company’s stock valued at $21,617,000 after buying an additional 178,603 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of KKR Real Estate Finance Trust during the first quarter valued at approximately $40,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of KKR Real Estate Finance Trust in the fourth quarter worth approximately $388,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of KKR Real Estate Finance Trust by 17.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock worth $170,000 after acquiring an additional 2,481 shares during the last quarter. 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.