Shares of KKR Real Estate Finance Trust Inc (NYSE:KREF) have been given an average recommendation of “Buy” by the eight research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.20.

Several analysts have commented on the company. Keefe, Bruyette & Woods raised KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Sunday, December 9th. Zacks Investment Research lowered KKR Real Estate Finance Trust from a “strong-buy” rating to a “hold” rating in a report on Friday, November 9th. JPMorgan Chase & Co. raised their target price on KKR Real Estate Finance Trust from $19.50 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, October 24th. JMP Securities began coverage on KKR Real Estate Finance Trust in a research report on Wednesday, October 17th. They issued an “outperform” rating and a $21.50 target price on the stock. Finally, Wells Fargo & Co upgraded KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and raised their target price for the company from $20.00 to $22.00 in a research report on Wednesday, August 22nd.

KREF traded up $0.22 during trading on Tuesday, hitting $19.11. The company’s stock had a trading volume of 15,769 shares, compared to its average volume of 283,572. The company has a current ratio of 530.45, a quick ratio of 530.44 and a debt-to-equity ratio of 1.97. KKR Real Estate Finance Trust has a twelve month low of $18.09 and a twelve month high of $21.41. The firm has a market cap of $1.13 billion, a P/E ratio of 15.73, a PEG ratio of 2.14 and a beta of -0.07.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. KKR Real Estate Finance Trust had a return on equity of 8.84% and a net margin of 56.20%. The company had revenue of $51.90 million for the quarter, compared to analyst estimates of $46.10 million. Equities research analysts forecast that KKR Real Estate Finance Trust will post 1.83 EPS for the current year.

In related news, major shareholder Value Spn-Kref Holdin Tactical sold 1,750,000 shares of KKR Real Estate Finance Trust stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $20.00, for a total transaction of $35,000,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Christen E.J. Lee acquired 8,400 shares of KKR Real Estate Finance Trust stock in a transaction that occurred on Friday, November 30th. The shares were bought at an average price of $19.42 per share, for a total transaction of $163,128.00. The disclosure for this purchase can be found here. Company insiders own 0.91% of the company’s stock.

A number of institutional investors have recently made changes to their positions in KREF. Russell Investments Group Ltd. purchased a new position in KKR Real Estate Finance Trust during the third quarter worth approximately $135,000. GSA Capital Partners LLP acquired a new stake in KKR Real Estate Finance Trust during the second quarter worth $236,000. MetLife Investment Advisors LLC increased its stake in KKR Real Estate Finance Trust by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 11,918 shares of the company’s stock worth $240,000 after acquiring an additional 4,239 shares during the last quarter. Prudential Financial Inc. acquired a new stake in KKR Real Estate Finance Trust during the third quarter worth $270,000. Finally, LPL Financial LLC acquired a new stake in KKR Real Estate Finance Trust during the third quarter worth $302,000. Hedge funds and other institutional investors own 72.45% 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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Analyst Recommendations for KKR Real Estate Finance Trust (NYSE:KREF)

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