KKR Real Estate Finance Trust (NYSE:KREF) Given New $13.50 Price Target at Raymond James

KKR Real Estate Finance Trust (NYSE:KREF) had its target price dropped by investment analysts at Raymond James from $14.00 to $13.50 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 15.78% from the company’s current price.

A number of other research analysts have also recently commented on the company. Wells Fargo & Company upped their price objective on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, September 20th. BTIG Research restated a “buy” rating and set a $11.50 price target on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. Keefe, Bruyette & Woods upgraded KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $11.50 to $13.00 in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, KKR Real Estate Finance Trust has a consensus rating of “Moderate Buy” and a consensus target price of $12.43.

KKR Real Estate Finance Trust Price Performance

Shares of KREF traded down $0.01 during mid-day trading on Wednesday, hitting $11.66. 75,426 shares of the company were exchanged, compared to its average volume of 527,081. KKR Real Estate Finance Trust has a 1-year low of $8.71 and a 1-year high of $14.12. The company has a 50 day moving average of $11.93 and a 200-day moving average of $10.55. The company has a debt-to-equity ratio of 3.86, a quick ratio of 392.62 and a current ratio of 392.62. The stock has a market cap of $808.20 million, a price-to-earnings ratio of -25.37 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Monday, October 21st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03. KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. The company had revenue of $140.15 million during the quarter, compared to analysts’ expectations of $39.52 million. During the same quarter in the prior year, the company earned $0.47 EPS. Analysts expect that KKR Real Estate Finance Trust will post 1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Institutional investors have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC purchased a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter valued at about $25,000. EntryPoint Capital LLC acquired a new stake in shares of KKR Real Estate Finance Trust in the 1st quarter worth approximately $54,000. Diversified Trust Co purchased a new position in KKR Real Estate Finance Trust in the 1st quarter valued at approximately $101,000. SG Americas Securities LLC acquired a new position in KKR Real Estate Finance Trust during the second quarter worth $138,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of KKR Real Estate Finance Trust by 17.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock worth $170,000 after buying an additional 2,481 shares in the last quarter. Hedge funds and other institutional investors 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.