KKR Real Estate Finance Trust (NYSE:KREF) Given New $5.50 Price Target at Keefe, Bruyette & Woods

KKR Real Estate Finance Trust (NYSE:KREF) had its price objective dropped by stock analysts at Keefe, Bruyette & Woods from $6.50 to $5.50 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods‘s price target indicates a potential upside of 4.46% from the stock’s previous close.

KREF has been the subject of several other reports. Zacks Research upgraded shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. JPMorgan Chase & Co. decreased their price objective on KKR Real Estate Finance Trust from $8.00 to $7.50 and set an “underweight” rating for the company in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Thursday, October 15th. Citigroup reissued a “market perform” rating on shares of KKR Real Estate Finance Trust in a research report on Tuesday, September 15th. Finally, Raymond James Financial raised KKR Real Estate Finance Trust from an “outperform” rating to a “strong-buy” rating and set a $9.50 price objective on the stock in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.67.

KKR Real Estate Finance Trust Stock Performance

NYSE KREF opened at $5.26 on Tuesday. The stock has a market capitalization of $308.42 million, a P/E ratio of -1.50 and a beta of 0.88. The business’s fifty day moving average is $6.51 and its two-hundred day moving average is $6.89. KKR Real Estate Finance Trust has a 1 year low of $4.93 and a 1 year high of $9.10.

Institutional Trading of KKR Real Estate Finance Trust

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $40,349,000. Conversant Capital LLC bought a new stake in shares of KKR Real Estate Finance Trust during the first quarter worth approximately $9,000,000. Van ECK Associates Corp grew its holdings in KKR Real Estate Finance Trust by 10.5% during the 2nd quarter. Van ECK Associates Corp now owns 517,167 shares of the company’s stock worth $3,537,000 after acquiring an additional 49,353 shares during the period. Bank of America Corp DE bought a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter worth $2,744,000. Finally, Y Intercept Hong Kong Ltd bought a new position in KKR Real Estate Finance Trust during the first quarter worth about $1,602,000. 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 real estate investment trust that originates and acquires commercial real estate loans. The company primarily focuses on senior loans secured by institutional-quality properties, including office, multifamily, industrial, hospitality and other commercial real estate assets.

KREF’s investment portfolio is generally composed of floating-rate mortgage loans backed by properties in major U.S. markets. Its financing activities are designed to provide borrowers with capital for property acquisitions, refinancing, redevelopment and other commercial real estate needs.

The company is externally managed by an affiliate of KKR & Co Inc, a global investment firm with real estate investment capabilities.