Zacks Investment Research downgraded shares of KKR Real Estate Finance Trust (NYSE:KREF) from a hold rating to a sell rating in a research report released on Thursday.

According to Zacks, “KKR Real Estate Finance Trust Inc. is a real estate finance company. It focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. KKR Real Estate Finance Trust Inc. is headquartered in New York. “

KREF has been the subject of several other research reports. ValuEngine raised shares of KKR Real Estate Finance Trust from a hold rating to a buy rating in a report on Friday, December 29th. Keefe, Bruyette & Woods reissued 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. Barclays initiated coverage on shares of KKR Real Estate Finance Trust in a report on Friday, January 19th. They set an overweight rating for the company. Finally, JPMorgan Chase & Co. downgraded shares of KKR Real Estate Finance Trust from a neutral rating to an underweight rating and set a $23.00 price target for the company. in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. KKR Real Estate Finance Trust presently has a consensus rating of Hold and a consensus price target of $22.67.

KKR Real Estate Finance Trust (KREF) opened at $18.71 on Thursday. 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 quick ratio of 1,736.11 and a current ratio of 1,736.11.

In other news, CEO Christen E.J. Lee purchased 12,000 shares of KKR Real Estate Finance Trust stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $19.99 per share, with a total value of $239,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Several institutional investors and hedge funds have recently made changes to their positions in KREF. Acadian Asset Management LLC bought a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter valued at about $114,000. Nationwide Fund Advisors bought a new stake in shares of KKR Real Estate Finance Trust during the second quarter valued at about $128,000. Wells Fargo & Company MN raised its stake in shares of KKR Real Estate Finance Trust by 293.7% during the third quarter. Wells Fargo & Company MN now owns 6,712 shares of the company’s stock valued at $141,000 after purchasing an additional 5,007 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of KKR Real Estate Finance Trust during the second quarter valued at about $154,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of KKR Real Estate Finance Trust during the third quarter valued at about $205,000. 65.68% of the stock is owned by institutional investors.

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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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