KKR Real Estate Finance Trust Inc (NASDAQ:KREF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.

According to Zacks, “KKR Real Estate Finance Trust Inc. is a real estate finance company. It focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. KKR Real Estate Finance Trust Inc. is headquartered in New York. “

Other equities analysts have also issued reports about the company. J P Morgan Chase & Co began coverage on KKR Real Estate Finance Trust in a research report on Tuesday, May 30th. They set a “neutral” rating and a $23.00 price target on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $22.50 price target on shares of KKR Real Estate Finance Trust in a research report on Friday, July 21st. Finally, Wells Fargo & Company assumed coverage on KKR Real Estate Finance Trust in a report on Tuesday, May 30th. They set a “market perform” rating on the stock.

Shares of KKR Real Estate Finance Trust (KREF) opened at 20.88 on Friday. KKR Real Estate Finance Trust has a 1-year low of $19.57 and a 1-year high of $23.99. The stock has a market capitalization of $1.12 billion and a price-to-earnings ratio of 13.52. The company’s 50 day moving average is $20.47 and its 200-day moving average is $21.26.

KKR Real Estate Finance Trust (NASDAQ:KREF) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by $0.01. The company had revenue of $17.45 million for the quarter, compared to analyst estimates of $17.87 million. KKR Real Estate Finance Trust had a return on equity of 6.60% and a net margin of 64.81%. Equities analysts anticipate that KKR Real Estate Finance Trust will post $1.31 earnings per share for the current fiscal year.

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In other KKR Real Estate Finance Trust news, CEO Christen E.J. Lee acquired 17,100 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $19.95 per share, for a total transaction of $341,145.00. Following the acquisition, the chief executive officer now directly owns 36,957 shares of the company’s stock, valued at $737,292.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of hedge funds have recently bought and sold shares of the business. Nationwide Fund Advisors purchased a new stake in KKR Real Estate Finance Trust during the 2nd quarter worth approximately $128,000. The Manufacturers Life Insurance Company purchased a new stake in KKR Real Estate Finance Trust during the 2nd quarter worth approximately $154,000. Tower Research Capital LLC TRC purchased a new stake in KKR Real Estate Finance Trust during the 2nd quarter worth approximately $187,000. Rhumbline Advisers purchased a new stake in KKR Real Estate Finance Trust during the 2nd quarter worth approximately $235,000. Finally, New York State Common Retirement Fund purchased a new stake in KKR Real Estate Finance Trust during the 2nd quarter worth approximately $239,000.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds.

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