Keefe, Bruyette & Woods Lowers KKR Real Estate Finance Trust (NYSE:KREF) Price Target to $9.75

KKR Real Estate Finance Trust (NYSE:KREF) had its target price decreased by Keefe, Bruyette & Woods from $10.00 to $9.75 in a report issued on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 1.35% from the company’s previous close.

KREF has been the subject of several other reports. JMP Securities reduced their target price on KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating for the company in a research note on Wednesday, February 7th. Wells Fargo & Company reduced their target price on KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. reduced their target price on KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, KKR Real Estate Finance Trust has a consensus rating of “Moderate Buy” and an average price target of $11.96.

KKR Real Estate Finance Trust Stock Up 0.6 %

Shares of NYSE:KREF opened at $9.62 on Friday. The company has a quick ratio of 361.75, a current ratio of 364.56 and a debt-to-equity ratio of 4.20. KKR Real Estate Finance Trust has a 52-week low of $9.09 and a 52-week high of $14.12. The company has a 50 day moving average of $9.80 and a two-hundred day moving average of $11.27. The company has a market capitalization of $666.76 million, a price-to-earnings ratio of -20.91 and a beta of 0.96.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $151.62 million during the quarter, compared to the consensus estimate of $43.16 million. KKR Real Estate Finance Trust had a negative net margin of 1.39% and a positive return on equity of 10.38%. During the same quarter last year, the company earned $0.48 earnings per share. As a group, analysts forecast that KKR Real Estate Finance Trust will post 1.33 earnings per share for the current fiscal year.

Insider Activity

In other KKR Real Estate Finance Trust news, COO W Patrick Mattson purchased 10,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost of $9.72 per share, with a total value of $97,200.00. Following the completion of the acquisition, the chief operating officer now owns 308,446 shares of the company’s stock, valued at $2,998,095.12. The purchase was disclosed in a filing with the SEC, which is available through this link. In other KKR Real Estate Finance Trust news, CEO Matthew A. Salem purchased 26,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost of $9.72 per share, with a total value of $252,720.00. Following the completion of the acquisition, the chief executive officer now owns 460,309 shares of the company’s stock, valued at $4,474,203.48. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, COO W Patrick Mattson purchased 10,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were acquired at an average cost of $9.72 per share, for a total transaction of $97,200.00. Following the completion of the acquisition, the chief operating officer now directly owns 308,446 shares of the company’s stock, valued at approximately $2,998,095.12. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KREF. Future Financial Wealth Managment LLC acquired a new position in KKR Real Estate Finance Trust during the first quarter worth about $40,000. TFO Wealth Partners LLC grew its holdings in KKR Real Estate Finance Trust by 21,842.9% during the fourth quarter. TFO Wealth Partners LLC now owns 3,072 shares of the company’s stock worth $41,000 after acquiring an additional 3,058 shares during the period. Diversified Trust Co acquired a new position in KKR Real Estate Finance Trust during the first quarter worth about $101,000. Commonwealth Equity Services LLC acquired a new position in KKR Real Estate Finance Trust during the third quarter worth about $119,000. Finally, Autumn Glory Partners LLC acquired a new position in KKR Real Estate Finance Trust during the third quarter worth about $119,000. 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, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans.