KKR Real Estate Finance Trust (NYSE: KREF) raised to buy from Zacks Investment Research

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KKR Real Estate Finance Trust (NYSE: KREF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report released Tuesday to clients and investors, Zacks.com reports. The company currently has a target price of $ 24.00 on the stock. Zacks Investment Research’s price target would suggest a potential rise of 10.09% from the current share price.

According to Zacks, “KKR Real Estate Finance Trust Inc. is a real estate finance company. Its primary focus is on granting and acquiring senior loans secured by commercial real estate assets. KKR Real Estate Finance Trust Inc. has its headquarters in New York. “

Separately, JMP Securities reissued a “market outperformance” rating and issued a price target of $ 20.91 (vs. $ 21.50) on KKR Real Estate Finance Trust shares in a report released on Tuesday 27 July. One research analyst rated the stock with a conservation rating and five issued a buy rating for the company. According to MarketBeat, the company currently has an average “Buy” rating and a consensus price target of $ 21.68.

KREF opened at $ 21.80 on Tuesday. The company has a debt to equity ratio of 3.42, a rapid ratio of 619.94 and a current ratio of 619.94. The stock has a market cap of $ 1.21 billion, a P / E ratio of 10.28 and a beta of 0.72. The company’s 50-day simple moving average is $ 21.19 and its two-hundred-day simple moving average is $ 20.84. KKR Real Estate Finance Trust has a 52 week low of $ 16.15 and a 52 week high of $ 23.42.

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KKR Real Estate Finance Trust (NYSE: KREF) last released its quarterly earnings data on Sunday, July 25. The company reported earnings per share of $ 0.54 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.49 per $ 0.05. KKR Real Estate Finance Trust had a net margin of 51.55% and a return on equity of 11.24%. Research analysts predict that KKR Real Estate Finance Trust will post 2.02 EPS for the current fiscal year.

In other news from KKR Real Estate Finance Trust, Director Christen EJ Lee sold 10,387 shares of the company in a transaction that took place on Friday, July 30. The stock was sold for an average price of $ 21.65, for a total value of $ 224,878.55. Following the completion of the transaction, the director now directly owns 262,324 shares of the company, valued at $ 5,679,314.60. The sale was disclosed in a file with the Securities & Exchange Commission, which is available at this link. 1.30% of the shares are held by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of KREF. Meeder Asset Management Inc. increased its position in KKR Real Estate Finance Trust by 159.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,218 shares of the company valued at $ 26,000 after purchasing an additional 749 shares last quarter. Lazard Asset Management LLC acquired a new stake in the shares of KKR Real Estate Finance Trust during the 1st quarter valued at approximately $ 26,000. Advisory Services Network LLC acquired a new stake in the shares of KKR Real Estate Finance Trust during the 2nd quarter for a value of approximately $ 37,000. Catalyst Capital Advisors LLC increased its position in KKR Real Estate Finance Trust shares by 54.7% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,810 shares of the company valued at $ 33,000 after acquiring 640 additional shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its position in KKR Real Estate Finance Trust shares by 35.6% during the second quarter. Advisor Group Holdings Inc. now owns 1,818 shares of the company valued at $ 38,000 after acquiring an additional 477 shares in the last quarter. 82.15% of the shares are currently held by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust, Inc is a real estate finance company, which primarily focuses on granting and acquiring senior loans secured by commercial real estate assets. Its target assets include mezzanine loans, preferred stocks and other debt-focused instruments. The investment objective of the company is the preservation of capital and the generation of attractive risk-adjusted returns for its shareholders over the long term, primarily through dividends.

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Analyst Recommendations for KKR Real Estate Finance Trust (NYSE: KREF)

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