KKR Real Estate Finance Trust (KREF) Receiving Positive Media Coverage, Study Shows
Press coverage about KKR Real Estate Finance Trust (NYSE:KREF) has trended positive on Saturday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. KKR Real Estate Finance Trust earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave media stories about the company an impact score of 44.3500720875513 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
KKR Real Estate Finance Trust (NYSE:KREF) traded up $0.13 during mid-day trading on Friday, hitting $18.71. The stock had a trading volume of 252,989 shares, compared to its average volume of 88,901. KKR Real Estate Finance Trust has a 1 year low of $18.09 and a 1 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 (NYSE:KREF) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. KKR Real Estate Finance Trust had a return on equity of 6.08% and a net margin of 77.41%. analysts expect that KKR Real Estate Finance Trust will post 1.28 earnings per share for the current year.
Several research analysts have recently weighed in on KREF shares. Zacks Investment Research raised KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine raised KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Barclays started coverage on KKR Real Estate Finance Trust in a research report on Friday, January 19th. They issued an “overweight” rating for the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $22.00 price objective on shares of KKR Real Estate Finance Trust in a research report on Friday, November 10th. Finally, JPMorgan Chase & Co. lowered KKR Real Estate Finance Trust from a “neutral” rating to an “underweight” rating and set a $23.00 price objective for the company. in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $22.67.
In other news, CEO Christen E.J. Lee bought 12,000 shares of KKR Real Estate Finance Trust stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of $19.99 per share, for a total transaction of $239,880.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
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About KKR Real Estate Finance Trust
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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