KKR Real Estate Finance Trust (NYSE:KREF) Rating Lowered to Underweight at JPMorgan Chase & Co.

KKR Real Estate Finance Trust (NYSE:KREF) was downgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report issued on Friday, MarketBeat Ratings reports. They currently have a $6.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 17.62% from the stock’s previous close.

A number of other brokerages have also recently commented on KREF. Citizens Jmp cut shares of KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, April 27th. Zacks Research raised KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Wall Street Zen downgraded KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Keefe, Bruyette & Woods cut their target price on KKR Real Estate Finance Trust from $7.00 to $6.00 and set a “market perform” rating on the stock in a research report on Friday, April 24th. Finally, Wells Fargo & Company decreased their target price on KKR Real Estate Finance Trust from $9.00 to $7.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, KKR Real Estate Finance Trust currently has an average rating of “Reduce” and an average price target of $8.30.

KKR Real Estate Finance Trust Stock Down 4.2%

Shares of NYSE KREF opened at $7.28 on Friday. The company’s 50 day moving average price is $6.92 and its 200-day moving average price is $7.04. The company has a debt-to-equity ratio of 3.90, a quick ratio of 407.64 and a current ratio of 407.64. KKR Real Estate Finance Trust has a 52-week low of $5.25 and a 52-week high of $9.98. The company has a market capitalization of $468.30 million, a P/E ratio of -3.92 and a beta of 0.82.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.17). KKR Real Estate Finance Trust had a negative return on equity of 0.78% and a negative net margin of 23.55%.The firm had revenue of $20.89 million for the quarter, compared to analyst estimates of $28.76 million. Equities analysts forecast that KKR Real Estate Finance Trust will post -1.63 earnings per share for the current year.

Insider Buying and Selling at KKR Real Estate Finance Trust

In related news, CEO Matthew A. Salem acquired 60,000 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were bought at an average price of $6.04 per share, with a total value of $362,400.00. Following the transaction, the chief executive officer directly owned 703,075 shares of the company’s stock, valued at $4,246,573. This trade represents a 9.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO W Patrick Mattson bought 40,000 shares of KKR Real Estate Finance Trust stock in a transaction dated Friday, April 24th. The stock was purchased at an average price of $6.03 per share, with a total value of $241,200.00. Following the completion of the purchase, the chief operating officer owned 500,287 shares in the company, valued at $3,016,730.61. This trade represents a 8.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 2.12% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its holdings in shares of KKR Real Estate Finance Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock worth $30,000 after purchasing an additional 1,725 shares in the last quarter. Cura Wealth Advisors LLC increased its stake in KKR Real Estate Finance Trust by 2.0% during the 4th 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 in the last quarter. Hantz Financial Services Inc. increased its stake in KKR Real Estate Finance Trust by 210.5% during the 4th quarter. Hantz Financial Services Inc. now owns 3,099 shares of the company’s stock valued at $25,000 after purchasing an additional 2,101 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings 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 buying an additional 2,238 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in KKR Real Estate Finance Trust by 178.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,537 shares of the company’s stock worth $29,000 after buying an additional 2,266 shares during the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

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.