KKR Real Estate Finance Trust (KREF) Stock Rating Upgraded by Zacks Investment Research

KKR Real Estate Finance Trust (NYSE:KREF) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday.

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. “

A number of other analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $22.00 target price on shares of KKR Real Estate Finance Trust in a research note on Friday, November 10th. ValuEngine upgraded shares of KKR Real Estate Finance Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $22.67.

KKR Real Estate Finance Trust (NYSE:KREF) traded down $0.10 during midday trading on Wednesday, reaching $19.80. 29,541 shares of the company’s stock were exchanged, compared to its average volume of 62,930. The company has a quick ratio of 1,736.11, a current ratio of 1,736.11 and a debt-to-equity ratio of 0.71. KKR Real Estate Finance Trust has a 1 year low of $19.57 and a 1 year high of $23.99.

In other KKR Real Estate Finance Trust news, CEO Christen E.J. Lee bought 12,000 shares of KKR Real Estate Finance Trust stock in a transaction on Tuesday, November 14th. The stock was purchased at an average cost of $19.99 per share, for a total transaction of $239,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several large investors have recently added to or reduced their stakes in KREF. FMR LLC bought a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at 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, Westfield Capital Management Co. LP bought a new position in shares of KKR Real Estate Finance Trust in the second quarter valued at approximately $4,312,000. 65.67% of the stock is currently owned by institutional investors.

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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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