KKR Real Estate Finance Trust (NYSE:KREF) Price Target Cut to $10.00 by Analysts at JPMorgan Chase & Co.

KKR Real Estate Finance Trust (NYSE:KREF) had its price objective dropped by analysts at JPMorgan Chase & Co. from $11.50 to $10.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 2.99% from the stock’s current price.

KREF has been the topic of a number of other research reports. JMP Securities lowered their price target on KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating on the stock in a report on Wednesday, February 7th. Wells Fargo & Company lowered their target price on KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, KKR Real Estate Finance Trust currently has a consensus rating of “Moderate Buy” and an average price target of $12.36.

KKR Real Estate Finance Trust Stock Up 2.4 %

KREF stock opened at $9.71 on Wednesday. KKR Real Estate Finance Trust has a 52 week low of $9.09 and a 52 week high of $14.12. The company has a current ratio of 361.76, a quick ratio of 361.75 and a debt-to-equity ratio of 4.32. The company has a market cap of $673.04 million, a P/E ratio of -12.45 and a beta of 0.96. The company’s 50-day moving average price is $9.91 and its 200 day moving average price is $11.42.

Insiders Place Their Bets

In related news, COO W Patrick Mattson acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average price of $9.72 per share, with a total value of $97,200.00. Following the completion of the purchase, the chief operating officer now directly owns 308,446 shares in the company, valued at $2,998,095.12. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Matthew A. Salem bought 26,000 shares of the stock in a transaction on Thursday, February 8th. The stock was purchased at an average cost of $9.72 per share, with a total value of $252,720.00. Following the purchase, the chief executive officer now owns 460,309 shares of the company’s stock, valued at $4,474,203.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO W Patrick Mattson purchased 10,000 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was acquired at an average price of $9.72 per share, with a total value of $97,200.00. Following the completion of the acquisition, the chief operating officer now directly owns 308,446 shares in the company, valued at approximately $2,998,095.12. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Several hedge funds have recently made changes to their positions in the business. Balyasny Asset Management L.P. boosted its stake in KKR Real Estate Finance Trust by 330.9% in the 1st quarter. Balyasny Asset Management L.P. now owns 1,516,913 shares of the company’s stock worth $17,278,000 after buying an additional 1,164,851 shares during the last quarter. BlackRock Inc. increased its position in KKR Real Estate Finance Trust by 11.6% during the 3rd quarter. BlackRock Inc. now owns 9,731,452 shares of the company’s stock worth $158,136,000 after purchasing an additional 1,013,755 shares in the last quarter. Vanguard Group Inc. lifted its position in KKR Real Estate Finance Trust by 15.5% during the first quarter. Vanguard Group Inc. now owns 4,422,793 shares of the company’s stock valued at $91,154,000 after buying an additional 592,973 shares in the last quarter. Millennium Management LLC purchased a new stake in KKR Real Estate Finance Trust during the fourth quarter worth approximately $6,260,000. Finally, State Street Corp increased its position in shares of KKR Real Estate Finance Trust by 16.5% in the third quarter. State Street Corp now owns 1,974,815 shares of the company’s stock worth $32,930,000 after acquiring an additional 280,400 shares in the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Company Profile

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.