KKR Real Estate Finance Trust Inc (KREF) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust Inc (NASDAQ:KREF) from a sell rating to a hold rating in a research note issued to investors on Saturday.

According to Zacks, “KKR Real Estate Finance Trust Inc. is a real estate finance company. It focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. KKR Real Estate Finance Trust Inc. is headquartered in New York. “

Several other analysts have also recently commented on the stock. Keefe, Bruyette & Woods reissued a hold rating and set a $22.50 price target on shares of KKR Real Estate Finance Trust in a research note on Friday, July 21st. J P Morgan Chase & Co began coverage on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. They issued a neutral rating and a $23.00 price objective on the stock. Finally, Wells Fargo & Company began coverage on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. They issued a market perform rating on the stock.

Shares of KKR Real Estate Finance Trust (NASDAQ KREF) traded up 0.14% during midday trading on Friday, reaching $20.88. The company had a trading volume of 28,937 shares. The firm’s 50 day moving average price is $20.47 and its 200-day moving average price is $21.26. The company has a market capitalization of $1.12 billion and a P/E ratio of 13.52. KKR Real Estate Finance Trust has a 12 month low of $19.57 and a 12 month high of $23.99.

KKR Real Estate Finance Trust (NASDAQ:KREF) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.01. KKR Real Estate Finance Trust had a net margin of 64.81% and a return on equity of 6.60%. The company had revenue of $17.45 million for the quarter, compared to the consensus estimate of $17.87 million. Analysts anticipate that KKR Real Estate Finance Trust will post $1.31 earnings per share for the current fiscal year.

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In other KKR Real Estate Finance Trust news, CEO Christen E.J. Lee acquired 17,100 shares of KKR Real Estate Finance Trust stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $19.95 per share, with a total value of $341,145.00. Following the completion of the purchase, the chief executive officer now owns 36,957 shares in the company, valued at $737,292.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hedge funds have recently made changes to their positions in the business. Nationwide Fund Advisors bought a new position in KKR Real Estate Finance Trust in the second quarter valued at approximately $128,000. The Manufacturers Life Insurance Company bought a new position in KKR Real Estate Finance Trust in the second quarter valued at approximately $154,000. Tower Research Capital LLC TRC bought a new position in KKR Real Estate Finance Trust in the second quarter valued at approximately $187,000. Rhumbline Advisers bought a new position in KKR Real Estate Finance Trust in the second quarter valued at approximately $235,000. Finally, New York State Common Retirement Fund bought a new position in KKR Real Estate Finance Trust in the second quarter valued at approximately $239,000.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds.

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