KKR Real Estate Finance Trust (NYSE:KREF) Price Target Cut to $11.00

Posted by on Oct 27th, 2023

KKR Real Estate Finance Trust (NYSE:KREF – Get Free Report) had its price target lowered by research analysts at Citigroup from $12.00 to $11.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective points to a potential upside of 4.66% from the stock’s previous close.

KREF has been the subject of several other research reports. BTIG Research increased their price objective on KKR Real Estate Finance Trust from $12.00 to $15.00 in a report on Friday, July 14th. TheStreet upgraded KKR Real Estate Finance Trust from a “d+” rating to a “c-” rating in a research note on Tuesday, July 25th. Raymond James lowered their target price on KKR Real Estate Finance Trust from $15.00 to $14.50 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on KKR Real Estate Finance Trust from $11.00 to $13.00 in a research note on Monday, July 24th. Finally, JMP Securities lowered their target price on KKR Real Estate Finance Trust from $14.00 to $13.00 and set a “market outperform” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.17.

Get Our Latest Report on KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Trading Up 0.9 %

NYSE KREF opened at $10.51 on Wednesday. KKR Real Estate Finance Trust has a fifty-two week low of $9.94 and a fifty-two week high of $17.80. The company has a debt-to-equity ratio of 4.20, a quick ratio of 408.95 and a current ratio of 384.64. The stock has a 50 day simple moving average of $11.75 and a two-hundred day simple moving average of $11.71. The stock has a market cap of $728.45 million, a P/E ratio of -35.03 and a beta of 0.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of KKR Real Estate Finance Trust by 7.2% in the 1st quarter. Barclays PLC now owns 29,667 shares of the company’s stock worth $338,000 after purchasing an additional 1,989 shares in the last quarter. Claybrook Capital LLC increased its holdings in shares of KKR Real Estate Finance Trust by 4.0% in the 2nd quarter. Claybrook Capital LLC now owns 154,116 shares of the company’s stock worth $1,876,000 after purchasing an additional 5,950 shares in the last quarter. Creative Planning increased its holdings in shares of KKR Real Estate Finance Trust by 23.7% in the 2nd quarter. Creative Planning now owns 26,676 shares of the company’s stock worth $325,000 after purchasing an additional 5,109 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of KKR Real Estate Finance Trust by 12.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,500 shares of the company’s stock worth $371,000 after purchasing an additional 3,400 shares in the last quarter. Finally, GFS Advisors LLC increased its holdings in shares of KKR Real Estate Finance Trust by 0.5% in the 1st quarter. GFS Advisors LLC now owns 210,510 shares of the company’s stock worth $2,398,000 after purchasing an additional 1,035 shares in the last quarter. Institutional investors own 73.01% of the company’s stock.

About KKR Real Estate Finance Trust

(Get Free Report)

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring 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, and commercial mortgage-backed securities.

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