Investment analysts at JMP Securities assumed coverage on shares of KKR Real Estate Finance Trust (NYSE:KREF) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm set an “outperform” rating and a $21.50 price target on the stock. JMP Securities’ target price would suggest a potential upside of 6.33% from the company’s previous close.

Several other equities research analysts have also recently weighed in on KREF. JPMorgan Chase & Co. reduced their price target on shares of KKR Real Estate Finance Trust from $19.00 to $18.50 and set a “$20.65” rating on the stock in a research report on Monday, July 23rd. Zacks Investment Research cut shares of KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. Finally, Wells Fargo & Co upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $20.00 to $22.00 in a research report on Wednesday, August 22nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. KKR Real Estate Finance Trust presently has a consensus rating of “Buy” and an average target price of $21.25.

KREF traded up $0.14 during trading hours on Wednesday, hitting $20.22. The company’s stock had a trading volume of 305 shares, compared to its average volume of 143,941. KKR Real Estate Finance Trust has a 12 month low of $18.09 and a 12 month high of $21.41. The stock has a market capitalization of $1.07 billion, a PE ratio of 16.54, a P/E/G ratio of 2.27 and a beta of -0.16. The company has a debt-to-equity ratio of 1.68, a quick ratio of 558.64 and a current ratio of 558.64.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings results on Monday, August 6th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.20. KKR Real Estate Finance Trust had a net margin of 65.77% and a return on equity of 8.53%. The company had revenue of $40.00 million for the quarter, compared to analysts’ expectations of $38.00 million. As a group, research analysts forecast that KKR Real Estate Finance Trust will post 1.78 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of KREF. Schwab Charles Investment Management Inc. increased its position in KKR Real Estate Finance Trust by 41.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 59,500 shares of the company’s stock valued at $1,194,000 after acquiring an additional 17,521 shares during the last quarter. Northern Trust Corp increased its position in KKR Real Estate Finance Trust by 36.8% during the first quarter. Northern Trust Corp now owns 155,884 shares of the company’s stock valued at $3,127,000 after acquiring an additional 41,949 shares during the last quarter. BlackRock Inc. increased its position in KKR Real Estate Finance Trust by 41.4% during the first quarter. BlackRock Inc. now owns 986,725 shares of the company’s stock valued at $19,794,000 after acquiring an additional 289,125 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in KKR Real Estate Finance Trust during the first quarter valued at $154,000. Finally, The Manufacturers Life Insurance Company increased its position in KKR Real Estate Finance Trust by 36.7% during the first quarter. The Manufacturers Life Insurance Company now owns 12,485 shares of the company’s stock valued at $250,000 after acquiring an additional 3,349 shares during the last quarter. Institutional investors and hedge funds own 72.19% 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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