KKR Real Estate Finance Trust (NYSE:KREF) Stock Rating Lowered by Citigroup

KKR Real Estate Finance Trust (NYSE:KREF) was downgraded by equities research analysts at Citigroup from a “buy” rating to a “neutral” rating in a report issued on Wednesday, The Fly reports.

A number of other analysts also recently commented on the stock. Wells Fargo & Company restated an “overweight” rating and set a $20.00 price target on shares of KKR Real Estate Finance Trust in a research report on Wednesday, July 15th. Zacks Investment Research upgraded KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Saturday, August 1st. TheStreet upgraded KKR Real Estate Finance Trust from a “d” rating to a “c” rating in a research report on Tuesday, August 4th. Finally, Raymond James reissued a “buy” rating and issued a $19.50 price objective on shares of KKR Real Estate Finance Trust in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.25.

KREF stock traded up $0.21 during trading on Wednesday, reaching $18.57. 337,903 shares of the company’s stock were exchanged, compared to its average volume of 488,648. KKR Real Estate Finance Trust has a 1-year low of $6.84 and a 1-year high of $22.03. The firm has a market cap of $1.10 billion, a PE ratio of 24.76 and a beta of 0.64. The company’s fifty day moving average price is $17.70 and its 200-day moving average price is $16.36. The company has a quick ratio of 517.56, a current ratio of 517.56 and a debt-to-equity ratio of 3.98.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. KKR Real Estate Finance Trust had a net margin of 21.52% and a return on equity of 9.44%. As a group, sell-side analysts expect that KKR Real Estate Finance Trust will post 1.8 earnings per share for the current fiscal year.

In other news, major shareholder Value Spn-Kref Holdin Tactical sold 2,623 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $18.51, for a total transaction of $48,551.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 20,657 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $18.50, for a total value of $382,154.50. The disclosure for this sale can be found here. Insiders have sold 39,370 shares of company stock valued at $728,532 over the last 90 days. 0.92% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of KREF. Charles Schwab Investment Management Inc. boosted its holdings in shares of KKR Real Estate Finance Trust by 5.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 164,235 shares of the company’s stock worth $2,724,000 after buying an additional 8,325 shares during the period. California State Teachers Retirement System lifted its position in shares of KKR Real Estate Finance Trust by 12.9% in the 2nd quarter. California State Teachers Retirement System now owns 43,079 shares of the company’s stock valued at $714,000 after acquiring an additional 4,935 shares in the last quarter. HWG Holdings LP purchased a new stake in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at approximately $45,000. Private Advisor Group LLC acquired a new position in KKR Real Estate Finance Trust in the 2nd quarter worth approximately $33,000. Finally, Bank of America Corp DE grew its position in KKR Real Estate Finance Trust by 8.9% during the 2nd quarter. Bank of America Corp DE now owns 17,918 shares of the company’s stock worth $297,000 after purchasing an additional 1,462 shares in the last quarter. Hedge funds and other institutional investors own 81.28% of the company’s stock.

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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