KKR Real Estate Finance Trust Inc (NYSE:KREF) has received an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $21.17.

KREF has been the topic of several analyst reports. JMP Securities downgraded shares of KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a report on Monday, March 25th. They noted that the move was a valuation call. TheStreet upgraded shares of KKR Real Estate Finance Trust from a “d” rating to a “c” rating in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. upgraded shares of KKR Real Estate Finance Trust from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $20.00 to $20.50 in a research note on Wednesday, January 16th.

Hedge funds have recently modified their holdings of the business. Catalyst Capital Advisors LLC bought a new position in KKR Real Estate Finance Trust in the 1st quarter worth about $44,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of KKR Real Estate Finance Trust by 49.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,813 shares of the company’s stock valued at $54,000 after purchasing an additional 925 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of KKR Real Estate Finance Trust by 1,540.8% during the fourth quarter. Meeder Asset Management Inc. now owns 2,937 shares of the company’s stock valued at $56,000 after purchasing an additional 2,758 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of KKR Real Estate Finance Trust by 210.0% during the first quarter. Nisa Investment Advisors LLC now owns 3,410 shares of the company’s stock valued at $68,000 after purchasing an additional 2,310 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of KKR Real Estate Finance Trust by 57.7% during the fourth quarter. Legal & General Group Plc now owns 3,953 shares of the company’s stock valued at $75,000 after purchasing an additional 1,446 shares in the last quarter. Institutional investors and hedge funds own 75.48% of the company’s stock.

NYSE:KREF traded up $0.08 during mid-day trading on Friday, hitting $20.31. 5,649 shares of the stock traded hands, compared to its average volume of 210,691. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 2.33 and a beta of 0.12. KKR Real Estate Finance Trust has a 52 week low of $18.54 and a 52 week high of $21.41. The company has a current ratio of 394.01, a quick ratio of 394.01 and a debt-to-equity ratio of 2.48.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $64.75 million for the quarter, compared to the consensus estimate of $31.70 million. KKR Real Estate Finance Trust had a net margin of 41.89% and a return on equity of 9.52%. As a group, equities analysts forecast that KKR Real Estate Finance Trust will post 1.74 EPS for the current fiscal year.

KKR Real Estate Finance Trust Company Profile

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.

Further Reading: What is the return on assets formula?

Receive News & Ratings for KKR Real Estate Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR Real Estate Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.