KKR Real Estate Finance Trust (KREF) Rating Lowered to Sell at Zacks Investment Research

KKR Real Estate Finance Trust (NYSE:KREF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

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. “

A number of other brokerages have also weighed in on KREF. ValuEngine upgraded shares of KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $22.00 price objective on shares of KKR Real Estate Finance Trust in a report on Friday, November 10th. Barclays began coverage on shares of KKR Real Estate Finance Trust in a report on Friday, January 19th. They issued an “overweight” rating for the company. Finally, JPMorgan Chase & Co. lowered shares of KKR Real Estate Finance Trust from a “neutral” rating to an “underweight” rating and set a $23.00 price objective for the company. in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $22.67.

KKR Real Estate Finance Trust (NYSE KREF) remained flat at $$18.84 during mid-day trading on Thursday. 21,628 shares of the company traded hands, compared to its average volume of 75,810. KKR Real Estate Finance Trust has a 1-year low of $18.09 and a 1-year high of $23.99. The company has a current ratio of 1,736.11, a quick ratio of 1,736.11 and a debt-to-equity ratio of 0.71.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Tuesday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. KKR Real Estate Finance Trust had a net margin of 62.19% and a return on equity of 6.54%. sell-side analysts predict that KKR Real Estate Finance Trust will post 1.28 EPS for the current fiscal year.

In related news, CEO Christen E.J. Lee bought 12,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was acquired at an average cost of $19.99 per share, for a total transaction of $239,880.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Institutional investors and hedge funds have recently made changes to their positions in the business. Swiss National Bank bought a new stake in shares of KKR Real Estate Finance Trust during the 4th quarter valued at $458,000. Acadian Asset Management LLC bought a new stake in shares of KKR Real Estate Finance Trust during the 4th quarter valued at $114,000. Wells Fargo & Company MN grew its position in shares of KKR Real Estate Finance Trust by 293.7% during the 3rd quarter. Wells Fargo & Company MN now owns 6,712 shares of the company’s stock valued at $141,000 after acquiring an additional 5,007 shares during the period. Zweig DiMenna Associates LLC grew its position in shares of KKR Real Estate Finance Trust by 88.9% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 106,252 shares of the company’s stock valued at $2,236,000 after acquiring an additional 50,000 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at $205,000. Institutional investors and hedge funds own 65.68% of the company’s stock.

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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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