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 target reduced by equities research analysts at JPMorgan Chase & Co. from $8.00 to $7.50 in a report released on Friday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 1.28% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Citizens Jmp cut KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, April 27th. Wall Street Zen lowered KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Keefe, Bruyette & Woods lifted their price objective on KKR Real Estate Finance Trust from $6.50 to $7.00 and gave the company a “market perform” rating in a report on Thursday. Citigroup lowered KKR Real Estate Finance Trust from a “neutral” rating to a “market perform” rating in a research report on Monday, April 27th. Finally, Zacks Research raised KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. 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 Trading Up 3.7%

Shares of NYSE KREF traded up $0.27 during midday trading on Friday, reaching $7.41. 965,734 shares of the stock were exchanged, compared to its average volume of 1,301,553. KKR Real Estate Finance Trust has a 12 month low of $5.25 and a 12 month high of $9.98. The company has a market capitalization of $433.77 million, a price-to-earnings ratio of -2.25 and a beta of 0.82. The company has a debt-to-equity ratio of 4.36, a current ratio of 407.64 and a quick ratio of 407.64. The business has a 50-day simple moving average of $6.99 and a two-hundred day simple moving average of $7.00.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Tuesday, July 21st. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.02). The firm had revenue of $29.34 million during the quarter, compared to the consensus estimate of $24.97 million. KKR Real Estate Finance Trust had a negative net margin of 47.33% and a negative return on equity of 1.53%. As a group, equities research analysts expect 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 hedge funds and other institutional investors have recently bought and sold shares of KREF. Beach Point Capital Management LP acquired a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at $1,634,000. Compass Rose Asset Management LP acquired a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth about $2,754,000. Y Intercept Hong Kong Ltd acquired a new position in shares of KKR Real Estate Finance Trust during the 1st quarter worth about $1,602,000. SG Americas Securities LLC raised its holdings in shares of KKR Real Estate Finance Trust by 29.6% in the 4th quarter. SG Americas Securities LLC now owns 20,671 shares of the company’s stock valued at $170,000 after purchasing an additional 4,724 shares during the period. Finally, Kelleher Financial Advisors bought a new stake in shares of KKR Real Estate Finance Trust in the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

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.