Citizens Jmp Has Lowered Expectations for KKR Real Estate Finance Trust (NYSE:KREF) Stock Price

KKR Real Estate Finance Trust (NYSE:KREF) had its price target cut by stock analysts at Citizens Jmp from $10.00 to $9.50 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective points to a potential upside of 49.49% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company dropped their price objective on KKR Real Estate Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. BTIG Research lowered shares of KKR Real Estate Finance Trust from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Keefe, Bruyette & Woods decreased their price target on shares of KKR Real Estate Finance Trust from $8.25 to $8.00 and set a “market perform” rating on the stock in a research note on Thursday, February 5th. Zacks Research downgraded shares of KKR Real Estate Finance Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.50.

KKR Real Estate Finance Trust Price Performance

KREF stock opened at $6.36 on Monday. The stock’s 50 day moving average price is $7.32 and its 200 day moving average price is $8.16. The firm has a market cap of $408.50 million, a P/E ratio of -6.05 and a beta of 0.90. The company has a debt-to-equity ratio of 3.83, a quick ratio of 407.64 and a current ratio of 407.64. KKR Real Estate Finance Trust has a 1 year low of $6.29 and a 1 year high of $11.42.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.08. KKR Real Estate Finance Trust had a negative return on equity of 1.13% and a negative net margin of 10.80%.The company had revenue of $32.72 million during the quarter, compared to the consensus estimate of $26.06 million. On average, sell-side analysts expect that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

Institutional Trading of KKR Real Estate Finance Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of KKR Real Estate Finance Trust by 12.1% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,466 shares of the company’s stock worth $118,000 after acquiring an additional 1,457 shares during the period. Geneos Wealth Management Inc. grew its holdings in KKR Real Estate Finance Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock valued at $30,000 after purchasing an additional 1,725 shares during the period. Cura Wealth Advisors LLC grew its holdings in KKR Real Estate Finance Trust by 2.0% in the fourth quarter. Cura Wealth Advisors LLC now owns 100,672 shares of the company’s stock valued at $828,000 after purchasing an additional 1,976 shares during the period. Hantz Financial Services Inc. increased its position in KKR Real Estate Finance Trust by 210.5% during the fourth quarter. Hantz Financial Services Inc. now owns 3,099 shares of the company’s stock worth $25,000 after purchasing an additional 2,101 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in KKR Real Estate Finance Trust by 64.1% during the second quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company’s stock worth $50,000 after purchasing an additional 2,238 shares during the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust, Inc (NYSE: KREF) is a mortgage real estate investment trust sponsored by KKR & Co Inc The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.

The trust’s investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions.