KKR Real Estate Finance Trust (NYSE:KREF) Price Target Lowered to $9.50 at JPMorgan Chase & Co.

KKR Real Estate Finance Trust (NYSE:KREF) had its price target dropped by investment analysts at JPMorgan Chase & Co. from $11.50 to $9.50 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 5.01% from the stock’s previous close.

Separately, Keefe, Bruyette & Woods downgraded KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating and set a $10.75 price objective for the company. in a research report on Monday, April 7th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, KKR Real Estate Finance Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.04.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF opened at $9.05 on Wednesday. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50. KKR Real Estate Finance Trust has a 12-month low of $8.28 and a 12-month high of $12.95. The stock has a market cap of $621.66 million, a P/E ratio of 50.26 and a beta of 0.88. The company has a 50-day moving average of $10.62 and a two-hundred day moving average of $10.96.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.20. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. As a group, research analysts predict that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new position in shares of KKR Real Estate Finance Trust in the 4th quarter valued at about $5,350,000. Price T Rowe Associates Inc. MD lifted its position in KKR Real Estate Finance Trust by 2,400.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 477,633 shares of the company’s stock valued at $4,825,000 after buying an additional 458,530 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in KKR Real Estate Finance Trust by 116.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company’s stock valued at $8,531,000 after buying an additional 454,517 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in KKR Real Estate Finance Trust during the fourth quarter worth approximately $2,477,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of KKR Real Estate Finance Trust in the fourth quarter worth $1,835,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

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.