KKR Real Estate Finance Trust (NYSE:KREF) Given “Market Outperform” Rating at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of KKR Real Estate Finance Trust (NYSE:KREF) in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has a $12.00 target price on the stock.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. dropped their price objective on KKR Real Estate Finance Trust from $11.50 to $10.00 and set an overweight rating for the company in a research note on Wednesday, April 10th. Wells Fargo & Company dropped their price target on KKR Real Estate Finance Trust from $12.00 to $10.50 and set an overweight rating for the company in a research note on Thursday, February 8th. Finally, Keefe, Bruyette & Woods dropped their price target on KKR Real Estate Finance Trust from $10.00 to $9.75 and set a market perform rating for the company in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, KKR Real Estate Finance Trust has a consensus rating of Moderate Buy and a consensus target price of $11.82.

KKR Real Estate Finance Trust Stock Performance

NYSE KREF opened at $9.57 on Tuesday. The firm has a market cap of $663.33 million, a price-to-earnings ratio of -20.80 and a beta of 0.97. The company has a quick ratio of 364.56, a current ratio of 364.56 and a debt-to-equity ratio of 4.20. The business has a 50-day moving average price of $9.78 and a 200-day moving average price of $11.11. KKR Real Estate Finance Trust has a twelve month low of $9.09 and a twelve month high of $14.12.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $151.62 million during the quarter, compared to analyst estimates of $43.16 million. KKR Real Estate Finance Trust had a positive return on equity of 10.38% and a negative net margin of 1.39%. During the same quarter in the prior year, the company posted $0.48 earnings per share. As a group, equities research analysts predict that KKR Real Estate Finance Trust will post 1.33 EPS for the current fiscal year.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC purchased a new stake in KKR Real Estate Finance Trust during the first quarter valued at approximately $40,000. TFO Wealth Partners LLC raised its position in KKR Real Estate Finance Trust by 21,842.9% during the fourth quarter. TFO Wealth Partners LLC now owns 3,072 shares of the company’s stock valued at $41,000 after purchasing an additional 3,058 shares during the period. EntryPoint Capital LLC purchased a new stake in KKR Real Estate Finance Trust during the first quarter valued at approximately $54,000. Diversified Trust Co purchased a new stake in KKR Real Estate Finance Trust during the first quarter valued at approximately $101,000. Finally, Commonwealth Equity Services LLC purchased a new stake in KKR Real Estate Finance Trust during the third quarter valued at approximately $119,000. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans.