KKR Real Estate Finance Trust (NYSE:KREF) Rating Increased to Buy at Citigroup

KKR Real Estate Finance Trust (NYSE:KREF) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports. The firm currently has a $14.00 price target on the stock. Citigroup‘s price target points to a potential upside of 3.24% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of KKR Real Estate Finance Trust from a “hold” rating to a “strong sell” rating in a report on Friday, February 28th. Compass Point initiated coverage on shares of KKR Real Estate Finance Trust in a report on Monday, December 2nd. They issued a “neutral” rating and a $20.50 target price for the company.

KKR Real Estate Finance Trust stock opened at $13.56 on Wednesday. The firm has a 50-day moving average price of $18.33 and a 200-day moving average price of $19.69. The firm has a market capitalization of $656.54 million, a PE ratio of 8.64 and a beta of 0.32. The company has a current ratio of 499.05, a quick ratio of 499.05 and a debt-to-equity ratio of 3.41. KKR Real Estate Finance Trust has a 12-month low of $6.84 and a 12-month high of $22.03.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The firm had revenue of $31.08 million during the quarter, compared to analyst estimates of $29.82 million. KKR Real Estate Finance Trust had a net margin of 48.01% and a return on equity of 8.55%. As a group, sell-side analysts predict that KKR Real Estate Finance Trust will post 1.69 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC bought a new stake in shares of KKR Real Estate Finance Trust in the 4th quarter worth about $33,000. US Bancorp DE increased its stake in KKR Real Estate Finance Trust by 392.5% in the 4th quarter. US Bancorp DE now owns 1,827 shares of the company’s stock worth $37,000 after buying an additional 1,456 shares during the period. Ladenburg Thalmann Financial Services Inc. purchased a new position in KKR Real Estate Finance Trust in the 4th quarter worth about $51,000. Denali Advisors LLC purchased a new position in KKR Real Estate Finance Trust in the 4th quarter worth about $65,000. Finally, Bank of Montreal Can increased its stake in KKR Real Estate Finance Trust by 33.9% in the 4th quarter. Bank of Montreal Can now owns 3,660 shares of the company’s stock worth $75,000 after buying an additional 926 shares during the period. Hedge funds and other institutional investors own 85.15% of the company’s stock.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.

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