Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) have been assigned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.

Brokers have set a 1 year consensus target price of $21.00 for the company, according to Zacks. Zacks has also given KKR Real Estate Finance Trust an industry rank of 167 out of 265 based on the ratings given to related companies.

Several research analysts have commented on KREF shares. Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Wednesday, October 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $22.00 price target on shares of KKR Real Estate Finance Trust in a report on Friday, November 10th.

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In other KKR Real Estate Finance Trust news, CEO Christen E.J. Lee acquired 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of $19.99 per share, with a total value of $239,880.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Several large investors have recently added to or reduced their stakes in the company. FMR LLC bought a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $42,262,000. Capital Research Global Investors acquired a new stake in shares of KKR Real Estate Finance Trust in the second quarter worth $32,250,000. Vanguard Group Inc. acquired a new stake in shares of KKR Real Estate Finance Trust in the second quarter worth $17,655,000. Citadel Advisors LLC acquired a new stake in shares of KKR Real Estate Finance Trust in the second quarter worth $11,899,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of KKR Real Estate Finance Trust in the second quarter worth $10,750,000. 20.84% of the stock is currently owned by institutional investors.

KKR Real Estate Finance Trust (KREF) traded up $0.09 during trading hours on Friday, hitting $20.48. 56,900 shares of the stock traded hands, compared to its average volume of 66,716. KKR Real Estate Finance Trust has a one year low of $19.57 and a one year high of $23.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 1,736.11 and a quick ratio of 1,736.11.

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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