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

KKR Real Estate Finance Trust Inc (NYSE:KREF) has received an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $22.50.

A number of brokerages have weighed in on KREF. Zacks Investment Research downgraded shares of KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. downgraded 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, February 6th. Barclays began coverage on shares of KKR Real Estate Finance Trust in a report on Friday, January 19th. They set an “overweight” rating for the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $22.00 price objective on shares of KKR Real Estate Finance Trust in a report on Friday, November 10th. Finally, ValuEngine raised shares of KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating in a report on Friday, December 29th.

Shares of KKR Real Estate Finance Trust (KREF) opened at $18.80 on Tuesday. The company has a quick ratio of 1,736.11, a current ratio of 1,736.11 and a debt-to-equity ratio of 0.71. KKR Real Estate Finance Trust has a 1-year low of $18.09 and a 1-year high of $23.99.

Several large investors have recently added to or reduced their stakes in the company. Vatera Holdings LLC bought a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth about $4,572,000. Bank of New York Mellon Corp lifted its holdings in shares of KKR Real Estate Finance Trust by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 40,479 shares of the company’s stock worth $810,000 after acquiring an additional 5,439 shares during the period. Swiss National Bank bought a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth about $458,000. Acadian Asset Management LLC bought a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth about $114,000. Finally, Wells Fargo & Company MN lifted its holdings 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 worth $141,000 after acquiring an additional 5,007 shares during the period. 64.76% of the stock is owned by institutional investors.

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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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