KKR Real Estate Finance Trust (NYSE:KREF) Given New $10.50 Price Target at JPMorgan Chase & Co.

KKR Real Estate Finance Trust (NYSE:KREF) had its price target lowered by equities researchers at JPMorgan Chase & Co. from $11.50 to $10.50 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 0.98% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on KREF. Raymond James cut their price target on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. JMP Securities boosted their price target on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lowered their price target on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $12.46.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE KREF opened at $10.60 on Tuesday. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63. The firm has a market capitalization of $737.72 million, a PE ratio of -35.35 and a beta of 1.00. KKR Real Estate Finance Trust has a 1-year low of $8.71 and a 1-year high of $13.19. The business’s fifty day moving average price is $10.91 and its two-hundred day moving average price is $11.27.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. The firm had revenue of $140.15 million for the quarter, compared to the consensus estimate of $39.52 million. During the same period last year, the firm posted $0.47 EPS. On average, research analysts expect that KKR Real Estate Finance Trust will post 1.4 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in KKR Real Estate Finance Trust in the 3rd quarter valued at about $25,000. Abel Hall LLC bought a new stake in KKR Real Estate Finance Trust during the third quarter worth approximately $138,000. First Trust Direct Indexing L.P. grew its position in KKR Real Estate Finance Trust by 24.6% in the third quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company’s stock worth $159,000 after buying an additional 2,546 shares during the last quarter. Intech Investment Management LLC acquired a new position in KKR Real Estate Finance Trust in the third quarter worth approximately $197,000. Finally, Creative Planning increased its holdings in shares of KKR Real Estate Finance Trust by 37.0% in the third quarter. Creative Planning now owns 21,524 shares of the company’s stock valued at $266,000 after buying an additional 5,809 shares in the last quarter. Institutional investors own 70.23% of the company’s stock.

About KKR Real Estate Finance Trust

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.