KKR Real Estate Finance Trust (NYSE:KREF) Now Covered by Compass Point

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Compass Point assumed coverage on shares of KKR Real Estate Finance Trust (NYSE:KREF) in a research report sent to investors on Monday, Benzinga reports. The firm issued a neutral rating and a $20.50 target price on the stock.

Separately, Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust from a sell rating to a hold rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $21.25.

Shares of NYSE:KREF opened at $20.19 on Monday. The business’s 50-day moving average is $19.86 and its 200 day moving average is $19.82. The company has a debt-to-equity ratio of 3.55, a current ratio of 407.43 and a quick ratio of 407.43. KKR Real Estate Finance Trust has a 1 year low of $18.54 and a 1 year high of $20.80. The firm has a market capitalization of $1.16 billion, a P/E ratio of 10.52, a P/E/G ratio of 2.44 and a beta of 0.23.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. KKR Real Estate Finance Trust had a return on equity of 8.23% and a net margin of 40.23%. The business had revenue of $28.63 million during the quarter, compared to the consensus estimate of $30.30 million. On average, analysts expect that KKR Real Estate Finance Trust will post 1.65 EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its position in KKR Real Estate Finance Trust by 64.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,591 shares of the company’s stock worth $111,000 after acquiring an additional 2,181 shares during the period. BlackRock Inc. increased its holdings in shares of KKR Real Estate Finance Trust by 4.7% in the second quarter. BlackRock Inc. now owns 2,542,908 shares of the company’s stock valued at $50,655,000 after purchasing an additional 115,093 shares during the period. Northern Trust Corp increased its holdings in shares of KKR Real Estate Finance Trust by 2.0% in the second quarter. Northern Trust Corp now owns 275,327 shares of the company’s stock valued at $5,485,000 after purchasing an additional 5,428 shares during the period. Catalyst Capital Advisors LLC increased its holdings in shares of KKR Real Estate Finance Trust by 179.9% in the third quarter. Catalyst Capital Advisors LLC now owns 5,430 shares of the company’s stock valued at $106,000 after purchasing an additional 3,490 shares during the period. Finally, GSA Capital Partners LLP raised its stake in shares of KKR Real Estate Finance Trust by 16.1% in the second quarter. GSA Capital Partners LLP now owns 20,928 shares of the company’s stock worth $417,000 after purchasing an additional 2,898 shares during the last quarter. Institutional investors own 78.28% 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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