KKR Real Estate Finance Trust Inc (KREF) Receives Average Rating of “Hold” from Brokerages

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KKR Real Estate Finance Trust Inc (NYSE:KREF) has been assigned an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $21.17.

A number of brokerages have recently issued reports on KREF. Zacks Investment Research lowered KKR Real Estate Finance Trust from a “hold” rating to a “strong sell” rating in a research report on Friday, January 18th. JMP Securities lowered KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, March 25th. They noted that the move was a valuation call. Finally, TheStreet upgraded KKR Real Estate Finance Trust from a “d” rating to a “c” rating in a research report on Wednesday, May 8th.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc lifted its position in shares of KKR Real Estate Finance Trust by 42.8% during the 3rd quarter. Vanguard Group Inc now owns 2,478,909 shares of the company’s stock valued at $49,999,000 after buying an additional 742,552 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of KKR Real Estate Finance Trust by 42.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,478,909 shares of the company’s stock valued at $49,999,000 after buying an additional 742,552 shares in the last quarter. BlackRock Inc. lifted its position in shares of KKR Real Estate Finance Trust by 2.8% during the 1st quarter. BlackRock Inc. now owns 2,427,815 shares of the company’s stock valued at $48,605,000 after buying an additional 65,279 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of KKR Real Estate Finance Trust by 83.2% during the 4th quarter. Acadian Asset Management LLC now owns 598,662 shares of the company’s stock valued at $11,464,000 after buying an additional 271,862 shares in the last quarter. Finally, Elliott Management Corp purchased a new position in shares of KKR Real Estate Finance Trust during the 4th quarter valued at approximately $9,920,000. Hedge funds and other institutional investors own 75.48% of the company’s stock.

KKR Real Estate Finance Trust stock traded down $0.05 during mid-day trading on Friday, hitting $20.24. The company had a trading volume of 92,759 shares, compared to its average volume of 247,795. The company has a current ratio of 394.01, a quick ratio of 394.01 and a debt-to-equity ratio of 2.48. KKR Real Estate Finance Trust has a 12-month low of $18.54 and a 12-month high of $21.41. The firm has a market cap of $1.17 billion, a PE ratio of 10.54, a P/E/G ratio of 2.34 and a beta of 0.12.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. KKR Real Estate Finance Trust had a return on equity of 9.52% and a net margin of 41.89%. The business had revenue of $64.75 million for the quarter, compared to analyst estimates of $31.70 million. On average, equities research analysts forecast that KKR Real Estate Finance Trust will post 1.74 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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