KKR Real Estate Finance Trust Inc (KREF) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust Inc (NASDAQ:KREF) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

According to Zacks, “KKR Real Estate Finance Trust Inc. is a real estate finance company. It focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. KKR Real Estate Finance Trust Inc. is headquartered in New York. “

Other equities research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $22.50 price target on shares of KKR Real Estate Finance Trust in a research note on Friday, July 21st. Wells Fargo & Company initiated coverage on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. They issued a market perform rating for the company. Finally, J P Morgan Chase & Co initiated coverage on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 30th. They issued a neutral rating and a $23.00 price target for the company.

KKR Real Estate Finance Trust (KREF) opened at 21.30 on Friday. The firm’s 50-day moving average price is $20.47 and its 200-day moving average price is $21.26. KKR Real Estate Finance Trust has a 12-month low of $19.57 and a 12-month high of $23.99. The company has a market cap of $1.14 billion and a PE ratio of 13.80.

KKR Real Estate Finance Trust (NASDAQ:KREF) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.01. KKR Real Estate Finance Trust had a net margin of 64.81% and a return on equity of 6.60%. The company had revenue of $17.45 million during the quarter, compared to the consensus estimate of $17.87 million. Equities research analysts forecast that KKR Real Estate Finance Trust will post $1.31 earnings per share for the current fiscal year.

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In other KKR Real Estate Finance Trust news, CEO Christen E.J. Lee bought 17,100 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $19.95 per share, with a total value of $341,145.00. Following the completion of the transaction, the chief executive officer now directly owns 36,957 shares in the company, valued at approximately $737,292.15. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Several large investors have recently bought and sold shares of KREF. Nationwide Fund Advisors bought a new stake in shares of KKR Real Estate Finance Trust during the second quarter worth about $128,000. The Manufacturers Life Insurance Company bought a new stake in shares of KKR Real Estate Finance Trust during the second quarter worth about $154,000. Tower Research Capital LLC TRC bought a new stake in shares of KKR Real Estate Finance Trust during the second quarter worth about $187,000. Rhumbline Advisers bought a new stake in shares of KKR Real Estate Finance Trust during the second quarter worth about $235,000. Finally, New York State Common Retirement Fund bought a new stake in shares of KKR Real Estate Finance Trust during the second quarter worth about $239,000.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds.

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