KKR Real Estate Finance Trust Inc (KREF) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of KKR Real Estate Finance Trust Inc (NASDAQ:KREF) from a buy rating to a hold rating in a research note issued to investors 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 issued a $22.50 target price on shares of KKR Real Estate Finance Trust in a report on Friday, July 21st.

Shares of KKR Real Estate Finance Trust (KREF) opened at $19.95 on Friday. KKR Real Estate Finance Trust has a fifty-two week low of $19.57 and a fifty-two week high of $23.99.

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Large investors have recently bought and sold shares of the business. Zweig DiMenna Associates LLC purchased a new stake in KKR Real Estate Finance Trust in the 2nd quarter valued at about $1,209,000. Westfield Capital Management Co. LP purchased a new stake in KKR Real Estate Finance Trust in the 2nd quarter valued at about $4,312,000. Citadel Advisors LLC purchased a new stake in KKR Real Estate Finance Trust in the 2nd quarter valued at about $11,899,000. Capital Research Global Investors purchased a new stake in KKR Real Estate Finance Trust in the 2nd quarter valued at about $32,250,000. Finally, FMR LLC purchased a new stake in KKR Real Estate Finance Trust in the 2nd quarter valued at about $42,262,000.

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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