KKR Real Estate Finance Trust (KREF) Now Covered by Barclays

Analysts at Barclays began coverage on shares of KKR Real Estate Finance Trust (NYSE:KREF) in a report released on Friday. The firm set an “overweight” rating on the stock.

Several other research firms have also recently commented on KREF. ValuEngine raised KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $22.00 target price on shares of KKR Real Estate Finance Trust in a research note on Friday, November 10th. Finally, Zacks Investment Research lowered KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. KKR Real Estate Finance Trust has a consensus rating of “Hold” and a consensus target price of $22.67.

Shares of KKR Real Estate Finance Trust (NYSE KREF) opened at $19.75 on Friday. KKR Real Estate Finance Trust has a one year low of $19.51 and a one year high of $23.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 1,736.11 and a quick ratio of 1,736.11.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Tuesday, November 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. KKR Real Estate Finance Trust had a return on equity of 6.08% and a net margin of 77.41%. sell-side analysts anticipate that KKR Real Estate Finance Trust will post 1.3 earnings per share for the current fiscal year.

In other news, CEO Christen E.J. Lee purchased 12,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were acquired at an average price of $19.99 per share, for a total transaction of $239,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

A number of large investors have recently made changes to their positions in KREF. FMR LLC bought a new position in KKR Real Estate Finance Trust in the second quarter worth approximately $42,262,000. Capital Research Global Investors bought a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $32,250,000. Vanguard Group Inc. bought a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $17,655,000. Citadel Advisors LLC bought a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $11,899,000. Finally, Ares Management LLC bought a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $4,300,000. Institutional investors and hedge funds own 65.67% of the company’s stock.

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About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds.

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