KKR Real Estate Finance Trust (NYSE:KREF) Given Consensus Recommendation of “Reduce” by Brokerages

KKR Real Estate Finance Trust (NYSE:KREF) has been given an average rating of “Reduce” by the eight analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $8.80.

KREF has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their target price on KKR Real Estate Finance Trust from $9.00 to $7.00 and set an “overweight” rating for the company in a report on Tuesday, April 28th. Wall Street Zen downgraded shares of KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. lowered their price objective on shares of KKR Real Estate Finance Trust from $8.00 to $7.50 and set an “underweight” rating for the company in a research note on Friday, July 24th. Zacks Research raised KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Citigroup cut KKR Real Estate Finance Trust from a “neutral” rating to a “market perform” rating in a report on Monday, April 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Millennium Management LLC raised its stake in shares of KKR Real Estate Finance Trust by 25.9% in the first quarter. Millennium Management LLC now owns 353,216 shares of the company’s stock worth $3,815,000 after purchasing an additional 72,566 shares during the last quarter. Caxton Associates LLP purchased a new stake in KKR Real Estate Finance Trust in the 1st quarter valued at $288,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in KKR Real Estate Finance Trust by 317.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,589 shares of the company’s stock valued at $2,210,000 after buying an additional 155,553 shares during the last quarter. Jane Street Group LLC lifted its stake in KKR Real Estate Finance Trust by 72.1% during the 1st quarter. Jane Street Group LLC now owns 172,162 shares of the company’s stock valued at $1,859,000 after acquiring an additional 72,140 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in KKR Real Estate Finance Trust during the 1st quarter worth $66,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF opened at $7.22 on Tuesday. The company has a current ratio of 407.64, a quick ratio of 407.64 and a debt-to-equity ratio of 4.36. The firm’s fifty day simple moving average is $7.11 and its two-hundred day simple moving average is $6.96. KKR Real Estate Finance Trust has a 12 month low of $5.25 and a 12 month high of $9.98. The stock has a market capitalization of $423.24 million, a P/E ratio of -2.20 and a beta of 0.82.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Tuesday, July 21st. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.02). KKR Real Estate Finance Trust had a negative return on equity of 1.53% and a negative net margin of 47.33%.The business had revenue of $29.34 million during the quarter, compared to the consensus estimate of $24.97 million. As a group, analysts predict that KKR Real Estate Finance Trust will post 0.28 EPS for the current year.

KKR Real Estate Finance Trust Company Profile

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.