KKR Real Estate Finance Trust Inc (NASDAQ:KREF) has earned a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.

Brokerages have set a 12 month consensus target price of $21.00 for the company, according to Zacks. Zacks has also given KKR Real Estate Finance Trust an industry rank of 166 out of 265 based on the ratings given to its competitors.

KREF has been the topic of a number of analyst reports. Keefe, Bruyette & Woods initiated coverage on KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. They issued a “market perform” rating and a $22.50 price target on the stock. Wells Fargo & Company initiated coverage on KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. They issued a “market perform” rating on the stock. Zacks Investment Research raised KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Finally, J P Morgan Chase & Co initiated coverage on KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. They issued a “neutral” rating and a $23.00 price target on the stock.

Shares of KKR Real Estate Finance Trust (KREF) opened at 20.88 on Monday. The company has a market cap of $1.12 billion and a P/E ratio of 13.52. The stock has a 50 day moving average price of $20.47 and a 200-day moving average price of $21.26. KKR Real Estate Finance Trust has a 1-year low of $19.57 and a 1-year high of $23.99.

KKR Real Estate Finance Trust (NASDAQ:KREF) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $17.45 million during the quarter, compared to analyst estimates of $17.87 million. KKR Real Estate Finance Trust had a net margin of 64.81% and a return on equity of 6.60%. Analysts predict 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 that occurred on Tuesday, August 15th. The shares were acquired at an average price of $19.95 per share, with a total value of $341,145.00. Following the purchase, the chief executive officer now owns 36,957 shares of the company’s stock, valued at approximately $737,292.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nationwide Fund Advisors acquired a new stake in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at about $128,000. The Manufacturers Life Insurance Company acquired a new stake in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at about $154,000. Tower Research Capital LLC TRC acquired a new stake in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at about $187,000. Rhumbline Advisers acquired a new stake in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at about $235,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at about $239,000.

About KKR Real Estate Finance Trust

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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