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

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

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

KKR Real Estate Finance Trust Stock Down 5.2 %

KKR Real Estate Finance Trust stock traded down $0.50 during mid-day trading on Monday, hitting $9.06. The company had a trading volume of 541,784 shares, compared to its average volume of 487,301. KKR Real Estate Finance Trust has a 12 month low of $8.65 and a 12 month high of $12.95. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50. The stock’s 50 day moving average price is $10.90 and its two-hundred day moving average price is $11.17. The company has a market capitalization of $622.69 million, a PE ratio of 50.52 and a beta of 0.88.

KKR Real Estate Finance Trust (NYSE:KREF) last announced 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 net margin of 6.30% and a return on equity of 8.53%. As a group, sell-side analysts anticipate 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 institutional investors have recently added to or reduced their stakes in KREF. KLP Kapitalforvaltning AS acquired a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at approximately $96,000. Caxton Associates LP purchased a new position in shares of KKR Real Estate Finance Trust during the fourth quarter worth $110,000. Sherbrooke Park Advisers LLC purchased a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at $119,000. First Trust Advisors LP acquired a new stake in KKR Real Estate Finance Trust during the 4th quarter worth about $129,000. Finally, Abel Hall LLC acquired a new stake in KKR Real Estate Finance Trust during the 3rd quarter worth about $138,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

About KKR Real Estate Finance Trust

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.