KKR Real Estate Finance Trust (NYSE:KREF) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

KKR Real Estate Finance Trust (NYSE:KREF) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.13 and traded as low as $7.07. KKR Real Estate Finance Trust shares last traded at $7.2250, with a volume of 916,723 shares.

Wall Street Analyst Weigh In

Several brokerages have commented on KREF. Keefe, Bruyette & Woods upped their price target on KKR Real Estate Finance Trust from $6.50 to $7.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. reduced their price objective on KKR Real Estate Finance Trust from $8.00 to $7.50 and set an “underweight” rating on the stock in a research note on Friday, July 24th. Citizens Jmp cut KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a report on Monday, April 27th. Wall Street Zen downgraded shares of KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Finally, Wells Fargo & Company reduced their price target on shares of KKR Real Estate Finance Trust from $9.00 to $7.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, KKR Real Estate Finance Trust has an average rating of “Hold” and a consensus target price of $8.92.

KKR Real Estate Finance Trust Price Performance

The company has a 50-day moving average price of $7.13 and a two-hundred day moving average price of $6.95. The company has a debt-to-equity ratio of 4.36, a current ratio of 407.64 and a quick ratio of 407.64. The company has a market cap of $423.24 million, a PE ratio of -2.20 and a beta of 0.82.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Tuesday, July 21st. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.02). The company had revenue of $29.34 million during the quarter, compared to analyst estimates of $24.97 million. KKR Real Estate Finance Trust had a negative net margin of 47.33% and a negative return on equity of 1.53%. Sell-side analysts expect that KKR Real Estate Finance Trust will post 0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. increased its stake in KKR Real Estate Finance Trust by 210.5% during the 4th quarter. Hantz Financial Services Inc. now owns 3,099 shares of the company’s stock worth $25,000 after buying an additional 2,101 shares during the period. Geneos Wealth Management Inc. boosted its position in KKR Real Estate Finance Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock valued at $30,000 after buying an additional 1,725 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of KKR Real Estate Finance Trust by 178.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,537 shares of the company’s stock valued at $29,000 after acquiring an additional 2,266 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of KKR Real Estate Finance Trust by 742.0% during the second quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company’s stock valued at $36,000 after acquiring an additional 3,658 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of KKR Real Estate Finance Trust by 64.1% during the second quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company’s stock worth $50,000 after acquiring an additional 2,238 shares during the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust, Inc (NYSE: KREF) is a mortgage real estate investment trust sponsored by KKR & Co Inc The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.

The trust’s investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions.