KKR Real Estate Finance Trust Inc (KREF) Rating Lowered to Hold at Zacks Investment Research

KKR Real Estate Finance Trust Inc (NASDAQ:KREF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “KKR Real Estate Finance Trust Inc. is a real estate finance company. It focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. KKR Real Estate Finance Trust Inc. is headquartered in New York. “

Separately, Keefe, Bruyette & Woods restated a “hold” rating and set a $22.00 price objective on shares of KKR Real Estate Finance Trust in a report on Friday.

KKR Real Estate Finance Trust (KREF) traded up $0.04 during mid-day trading on Friday, hitting $19.92. The stock had a trading volume of 23,435 shares, compared to its average volume of 26,771. KKR Real Estate Finance Trust has a 1-year low of $19.57 and a 1-year high of $23.99.

KKR Real Estate Finance Trust (NASDAQ:KREF) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). KKR Real Estate Finance Trust had a return on equity of 6.60% and a net margin of 64.81%. The business had revenue of $17.45 million for the quarter, compared to analyst estimates of $17.87 million.

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In other news, CEO Christen E.J. Lee bought 17,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $19.95 per share, with a total value of $341,145.00. Following the transaction, the chief executive officer now owns 36,957 shares of the company’s stock, valued at approximately $737,292.15. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional investors and hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors purchased a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter worth $128,000. Wells Fargo & Company MN raised its position in shares of KKR Real Estate Finance Trust by 293.7% in the 3rd quarter. Wells Fargo & Company MN now owns 6,712 shares of the company’s stock worth $141,000 after buying an additional 5,007 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter worth $154,000. Tower Research Capital LLC TRC purchased a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter worth $187,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter worth $205,000.

KKR Real Estate Finance Trust Company Profile

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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