KKR Real Estate Finance Trust (NYSE:KREF) Lifted to Outperform at Keefe, Bruyette & Woods

KKR Real Estate Finance Trust (NYSE:KREF) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a $13.00 target price on the stock, up from their previous target price of $11.50. Keefe, Bruyette & Woods’ target price indicates a potential upside of 12.26% from the company’s previous close.

KREF has been the subject of several other reports. BTIG Research reiterated a “buy” rating and set a $11.50 price objective on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. JMP Securities reiterated a “market outperform” rating and set a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of KKR Real Estate Finance Trust from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $11.71.

KKR Real Estate Finance Trust Stock Performance

KKR Real Estate Finance Trust stock opened at $11.58 on Thursday. The company has a 50 day moving average price of $10.64 and a 200-day moving average price of $10.00. The company has a debt-to-equity ratio of 3.86, a quick ratio of 392.62 and a current ratio of 392.62. KKR Real Estate Finance Trust has a fifty-two week low of $8.71 and a fifty-two week high of $14.12. The company has a market capitalization of $802.66 million, a PE ratio of -25.17 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Monday, July 22nd. The company reported ($1.57) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($1.87). The business had revenue of $47.60 million for the quarter, compared to analysts’ expectations of $45.47 million. KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. As a group, equities analysts forecast that KKR Real Estate Finance Trust will post 1.35 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in shares of KKR Real Estate Finance Trust by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 38,542 shares of the company’s stock worth $349,000 after purchasing an additional 935 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in KKR Real Estate Finance Trust by 17.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock valued at $170,000 after acquiring an additional 2,481 shares in the last quarter. TFO Wealth Partners LLC grew its stake in KKR Real Estate Finance Trust by 21,842.9% during the 4th quarter. TFO Wealth Partners LLC now owns 3,072 shares of the company’s stock valued at $41,000 after acquiring an additional 3,058 shares in the last quarter. Triumph Capital Management grew its stake in KKR Real Estate Finance Trust by 18.5% during the 1st quarter. Triumph Capital Management now owns 20,075 shares of the company’s stock valued at $198,000 after acquiring an additional 3,138 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in KKR Real Estate Finance Trust during the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans.