KKR Real Estate Finance Trust (NYSE:KREF) Given New $12.00 Price Target at JPMorgan Chase & Co.

KKR Real Estate Finance Trust (NYSE:KREF) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $11.50 to $12.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 0.33% from the company’s previous close.

KREF has been the subject of a number of other research reports. Wells Fargo & Company upped their target price on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. BTIG Research reaffirmed a “buy” rating and set a $11.50 price objective on shares of KKR Real Estate Finance Trust in a research report on Friday, July 19th. Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $11.50 to $13.00 in a report on Thursday, September 5th. Finally, Raymond James increased their price target on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.50.

KKR Real Estate Finance Trust Stock Performance

KREF stock opened at $12.04 on Thursday. The company has a debt-to-equity ratio of 3.86, a current ratio of 392.62 and a quick ratio of 392.62. KKR Real Estate Finance Trust has a 1-year low of $8.71 and a 1-year high of $14.12. The business has a 50-day moving average price of $11.89 and a 200 day moving average price of $10.51. The company has a market capitalization of $834.54 million, a P/E ratio of -26.17 and a beta of 0.99.

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

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Several hedge funds and other institutional investors have recently modified their holdings of KREF. Future Financial Wealth Managment LLC purchased a new stake in KKR Real Estate Finance Trust during the 3rd quarter worth approximately $25,000. EntryPoint Capital LLC purchased a new stake in shares of KKR Real Estate Finance Trust during the first quarter valued at $54,000. Diversified Trust Co acquired a new position in shares of KKR Real Estate Finance Trust in the 1st quarter valued at $101,000. SG Americas Securities LLC purchased a new position in KKR Real Estate Finance Trust in the 2nd quarter worth $138,000. Finally, Price T Rowe Associates Inc. MD raised its stake in KKR Real Estate Finance Trust by 17.3% in 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. 70.23% of the stock is owned by hedge funds and other 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.