KKR Real Estate Finance Trust (NYSE:KREF) Stock Rating Lowered by Keefe, Bruyette & Woods

KKR Real Estate Finance Trust (NYSE:KREF) was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued on Monday,Briefing.com Automated Import reports. They presently have a $10.75 price target on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 18.63% from the company’s current price.

Separately, JPMorgan Chase & Co. dropped their price objective 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $12.21.

KKR Real Estate Finance Trust Price Performance

NYSE:KREF traded down $0.50 during trading hours on Monday, hitting $9.06. 541,784 shares of the stock were exchanged, compared to its average volume of 487,301. The firm’s fifty day moving average price is $10.90 and its 200 day moving average price is $11.17. KKR Real Estate Finance Trust has a 52-week low of $8.65 and a 52-week high of $12.95. The company has a market cap of $622.69 million, a P/E ratio of 50.52 and a beta of 0.88. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.08 by $0.20. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. As a group, equities research analysts anticipate that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of KKR Real Estate Finance Trust by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,373,685 shares of the company’s stock worth $13,878,000 after buying an additional 18,535 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of KKR Real Estate Finance Trust by 10.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,045,773 shares of the company’s stock worth $10,562,000 after buying an additional 95,540 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of KKR Real Estate Finance Trust by 116.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company’s stock worth $8,531,000 after buying an additional 454,517 shares during the period. JPMorgan Chase & Co. raised its stake in KKR Real Estate Finance Trust by 31.7% during the 4th quarter. JPMorgan Chase & Co. now owns 728,875 shares of the company’s stock worth $7,362,000 after acquiring an additional 175,603 shares in the last quarter. Finally, Northern Trust Corp lifted its position in KKR Real Estate Finance Trust by 21.7% in the fourth quarter. Northern Trust Corp now owns 690,826 shares of the company’s stock valued at $6,977,000 after acquiring an additional 123,312 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.