KKR Real Estate Finance Trust Inc (NYSE:KREF) Receives Average Rating of “Hold” from Analysts

KKR Real Estate Finance Trust Inc (NYSE:KREF) has received an average rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $20.75.

Several equities research analysts have weighed in on KREF shares. TheStreet upgraded KKR Real Estate Finance Trust from a “d” rating to a “c” rating in a report on Wednesday, May 8th. Zacks Investment Research upgraded KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a report on Saturday.

KREF traded down $0.13 during trading hours on Friday, reaching $19.07. 463,155 shares of the company’s stock traded hands, compared to its average volume of 275,600. The firm has a 50-day moving average price of $19.78 and a 200 day moving average price of $20.12. KKR Real Estate Finance Trust has a 52-week low of $18.54 and a 52-week high of $21.41. The company has a quick ratio of 637.35, a current ratio of 637.35 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $1.10 billion, a PE ratio of 9.93, a PEG ratio of 2.32 and a beta of 0.18.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its earnings results on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.05). KKR Real Estate Finance Trust had a return on equity of 7.86% and a net margin of 35.11%. The firm had revenue of $25.86 million during the quarter, compared to analysts’ expectations of $27.50 million. Equities analysts predict that KKR Real Estate Finance Trust will post 1.66 EPS for the current fiscal year.

In other news, CEO Christen E.J. Lee bought 5,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was acquired at an average cost of $19.15 per share, for a total transaction of $95,750.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.89% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the business. Strs Ohio raised its position in shares of KKR Real Estate Finance Trust by 15.5% in the 2nd quarter. Strs Ohio now owns 6,700 shares of the company’s stock worth $133,000 after acquiring an additional 900 shares in the last quarter. Wiley BROS. Aintree Capital LLC raised its position in shares of KKR Real Estate Finance Trust by 4.6% in the 2nd quarter. Wiley BROS. Aintree Capital LLC now owns 23,984 shares of the company’s stock worth $478,000 after acquiring an additional 1,060 shares in the last quarter. Legal & General Group Plc raised its position in shares of KKR Real Estate Finance Trust by 57.7% in the 4th quarter. Legal & General Group Plc now owns 3,953 shares of the company’s stock worth $75,000 after acquiring an additional 1,446 shares in the last quarter. United Services Automobile Association raised its position in shares of KKR Real Estate Finance Trust by 8.7% in the 2nd quarter. United Services Automobile Association now owns 19,122 shares of the company’s stock worth $381,000 after acquiring an additional 1,537 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of KKR Real Estate Finance Trust by 6.1% in the 1st quarter. Rhumbline Advisers now owns 31,547 shares of the company’s stock worth $632,000 after acquiring an additional 1,827 shares in the last quarter. Institutional investors and hedge funds own 79.81% of the company’s stock.

About KKR Real Estate Finance Trust

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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