KKR Real Estate Finance Trust (NYSE:KREF) Upgraded at Zacks Investment Research

KKR Real Estate Finance Trust (NYSE:KREF) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday, January 10th.

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. “

Other analysts have also recently issued reports about the company. ValuEngine raised KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $22.00 price target on shares of KKR Real Estate Finance Trust in a research note on Friday, November 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. KKR Real Estate Finance Trust currently has a consensus rating of “Hold” and a consensus target price of $22.67.

Shares of KKR Real Estate Finance Trust (KREF) traded up $0.16 during trading hours on Wednesday, hitting $19.75. 86,608 shares of the stock traded hands, compared to its average volume of 30,706. KKR Real Estate Finance Trust has a 52 week low of $19.51 and a 52 week high of $23.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1,736.11 and a current ratio of 1,736.11.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. KKR Real Estate Finance Trust had a return on equity of 6.08% and a net margin of 77.41%. sell-side analysts forecast that KKR Real Estate Finance Trust will post 1.3 EPS for the current year.

In other KKR Real Estate Finance Trust news, CEO Christen E.J. Lee purchased 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average price of $19.99 per share, for a total transaction of $239,880.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

A number of hedge funds have recently bought and sold shares of KREF. Acadian Asset Management LLC bought a new position in KKR Real Estate Finance Trust during the 4th quarter worth $114,000. Nationwide Fund Advisors bought a new position in KKR Real Estate Finance Trust during the 2nd quarter worth $128,000. Wells Fargo & Company MN increased its position in KKR Real Estate Finance Trust by 293.7% during the 3rd quarter. Wells Fargo & Company MN now owns 6,712 shares of the company’s stock worth $141,000 after buying an additional 5,007 shares during the period. The Manufacturers Life Insurance Company bought a new position in KKR Real Estate Finance Trust during the 2nd quarter worth $154,000. Finally, Tower Research Capital LLC TRC bought a new position in KKR Real Estate Finance Trust during the 2nd quarter worth $187,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.

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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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