Shares of KKR Real Estate Finance Trust Inc (NYSE:KREF) have received an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Analysts have set a 1 year consensus price objective of $21.00 for the company, according to Zacks. Zacks has also assigned KKR Real Estate Finance Trust an industry rank of 168 out of 265 based on the ratings given to its competitors.
Several analysts have issued reports on KREF shares. Zacks Investment Research raised KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $22.00 price target on shares of KKR Real Estate Finance Trust in a report on Friday, November 10th.
KKR Real Estate Finance Trust (NYSE:KREF) traded down $0.02 during trading hours on Monday, reaching $20.48. The company’s stock had a trading volume of 41,500 shares, compared to its average volume of 66,262. KKR Real Estate Finance Trust has a twelve month low of $19.57 and a twelve month high of $23.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 1,736.11 and a quick ratio of 1,736.11.
In other KKR Real Estate Finance Trust news, CEO Christen E.J. Lee acquired 12,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average price of $19.99 per share, with a total value of $239,880.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors bought a new position in shares of KKR Real Estate Finance Trust in the second quarter worth about $128,000. Wells Fargo & Company MN boosted its stake in shares of KKR Real Estate Finance Trust by 293.7% in the third quarter. Wells Fargo & Company MN now owns 6,712 shares of the company’s stock worth $141,000 after acquiring an additional 5,007 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of KKR Real Estate Finance Trust in the second quarter worth about $154,000. Tower Research Capital LLC TRC bought a new position in shares of KKR Real Estate Finance Trust in the second quarter worth about $187,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of KKR Real Estate Finance Trust in the third quarter worth about $205,000. 65.67% of the stock is owned by hedge funds and other institutional investors.
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About KKR Real Estate Finance Trust
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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