JPMorgan Chase & Co. Issues Pessimistic Forecast for KKR Real Estate Finance Trust (NYSE:KREF) Stock Price

KKR Real Estate Finance Trust (NYSE:KREF) had its price objective decreased by analysts at JPMorgan Chase & Co. from $8.00 to $7.50 in a report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 2.91% from the stock’s current price.

Several other brokerages have also weighed in on KREF. Wall Street Zen lowered KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Keefe, Bruyette & Woods upped their target price on KKR Real Estate Finance Trust from $6.50 to $7.00 and gave the company a “market perform” rating in a research note on Thursday. Citizens Jmp lowered KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Friday, July 17th. Finally, Citigroup downgraded shares of KKR Real Estate Finance Trust from a “neutral” rating to a “market perform” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $8.80.

KKR Real Estate Finance Trust Stock Up 2.1%

NYSE KREF opened at $7.29 on Friday. KKR Real Estate Finance Trust has a twelve month low of $5.25 and a twelve month high of $9.98. The stock has a market cap of $426.93 million, a PE ratio of -2.22 and a beta of 0.82. The firm has a 50-day simple moving average of $7.01 and a 200 day simple moving average of $7.00. The company has a debt-to-equity ratio of 4.36, a quick ratio of 407.64 and a current ratio of 407.64.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Tuesday, July 21st. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.02). KKR Real Estate Finance Trust had a negative net margin of 47.33% and a negative return on equity of 1.53%. The firm had revenue of $29.34 million for the quarter, compared to the consensus estimate of $24.97 million. On average, research analysts forecast that KKR Real Estate Finance Trust will post -1.39 EPS for the current year.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

A number of institutional investors have recently added to or reduced their stakes in KREF. Empowered Funds LLC bought a new position in shares of KKR Real Estate Finance Trust during the 1st quarter worth approximately $193,000. Parallel Advisors LLC boosted its stake in KKR Real Estate Finance Trust by 92.0% in the 1st quarter. Parallel Advisors LLC now owns 13,838 shares of the company’s stock valued at $85,000 after buying an additional 6,630 shares in the last quarter. Optiver Holding B.V. bought a new stake in KKR Real Estate Finance Trust in the first quarter valued at $148,000. Quantinno Capital Management LP grew its position in KKR Real Estate Finance Trust by 88.0% in the first quarter. Quantinno Capital Management LP now owns 120,218 shares of the company’s stock valued at $736,000 after acquiring an additional 56,272 shares during the period. Finally, Weiss Asset Management LP acquired a new position in KKR Real Estate Finance Trust during the first quarter worth $285,000. 70.23% of the stock is owned by institutional investors and hedge funds.

About KKR Real Estate Finance Trust

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.