KKR Real Estate Finance Trust (NYSE:KREF) Given New $7.50 Price Target at JPMorgan Chase & Co.

KKR Real Estate Finance Trust (NYSE:KREF) had its target price reduced by JPMorgan Chase & Co. from $8.00 to $7.50 in a report issued on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

KREF has been the subject of several other reports. Zacks Research upgraded KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Wells Fargo & Company dropped their target price on shares of KKR Real Estate Finance Trust from $9.00 to $7.00 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Keefe, Bruyette & Woods raised their target price on shares of KKR Real Estate Finance Trust from $6.50 to $7.00 and gave the company a “market perform” rating in a research report on Thursday. Citigroup lowered shares of KKR Real Estate Finance Trust from a “neutral” rating to a “market perform” rating in a report on Monday, April 27th. Finally, Wall Street Zen cut shares of KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $8.80.

KKR Real Estate Finance Trust Stock Up 2.1%

Shares of NYSE KREF opened at $7.29 on Friday. KKR Real Estate Finance Trust has a 52-week low of $5.25 and a 52-week high of $9.98. The firm has a market capitalization of $426.93 million, a price-to-earnings ratio of -2.22 and a beta of 0.82. The stock has a 50 day moving average price of $7.01 and a 200 day moving average price of $7.00. The company has a debt-to-equity ratio of 4.36, a quick ratio of 407.64 and a current ratio of 407.64.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Tuesday, July 21st. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.02). The firm had revenue of $29.34 million for the quarter, compared to analysts’ expectations of $24.97 million. KKR Real Estate Finance Trust had a negative return on equity of 1.53% and a negative net margin of 47.33%. Sell-side analysts expect that KKR Real Estate Finance Trust will post -1.39 earnings per share for the current year.

Institutional Trading of KKR Real Estate Finance Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in KREF. Beach Point Capital Management LP acquired a new stake in KKR Real Estate Finance Trust during the fourth quarter worth about $1,634,000. Compass Rose Asset Management LP purchased a new stake in KKR Real Estate Finance Trust in the 4th quarter worth approximately $2,754,000. Y Intercept Hong Kong Ltd purchased a new stake in KKR Real Estate Finance Trust in the 1st quarter worth approximately $1,602,000. Condor Capital Management grew its stake in shares of KKR Real Estate Finance Trust by 11.8% during the 4th quarter. Condor Capital Management now owns 418,225 shares of the company’s stock worth $3,438,000 after purchasing an additional 44,167 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of KKR Real Estate Finance Trust by 29.6% during the 4th quarter. SG Americas Securities LLC now owns 20,671 shares of the company’s stock worth $170,000 after purchasing an additional 4,724 shares during the period. Institutional investors and hedge funds own 70.23% of the company’s stock.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust, Inc (NYSE: KREF) is a mortgage real estate investment trust sponsored by KKR & Co Inc The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.

The trust’s investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions.