Equities analysts forecast that KKR Real Estate Finance Trust Inc (NYSE:KREF) will report $30.13 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for KKR Real Estate Finance Trust’s earnings. The highest sales estimate is $30.40 million and the lowest is $29.85 million. KKR Real Estate Finance Trust reported sales of $59.62 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 49.5%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 19th.

On average, analysts expect that KKR Real Estate Finance Trust will report full year sales of $116.64 million for the current year, with estimates ranging from $114.80 million to $118.47 million. For the next year, analysts forecast that the firm will report sales of $127.21 million, with estimates ranging from $123.60 million to $130.81 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover KKR Real Estate Finance Trust.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. KKR Real Estate Finance Trust had a return on equity of 8.23% and a net margin of 40.23%. The firm had revenue of $28.63 million for the quarter, compared to the consensus estimate of $30.30 million.

Several equities research analysts recently issued reports on KREF shares. Compass Point began coverage on shares of KKR Real Estate Finance Trust in a report on Monday. They issued a “neutral” rating and a $20.50 target price for the company. Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.25.

A number of hedge funds have recently modified their holdings of the business. Capital Growth Management LP grew its holdings in KKR Real Estate Finance Trust by 101.6% during the 2nd quarter. Capital Growth Management LP now owns 1,734,000 shares of the company’s stock valued at $34,541,000 after buying an additional 874,000 shares in the last quarter. Timbercreek Investment Management Inc. bought a new stake in KKR Real Estate Finance Trust in the 3rd quarter valued at $6,646,000. Millennium Management LLC lifted its stake in KKR Real Estate Finance Trust by 2,446.8% in the 3rd quarter. Millennium Management LLC now owns 337,653 shares of the company’s stock worth $6,594,000 after purchasing an additional 324,395 shares in the last quarter. Callodine Capital Management LP lifted its stake in KKR Real Estate Finance Trust by 435.0% in the 2nd quarter. Callodine Capital Management LP now owns 347,763 shares of the company’s stock worth $6,927,000 after purchasing an additional 282,763 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in KKR Real Estate Finance Trust by 52.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 735,279 shares of the company’s stock worth $14,647,000 after purchasing an additional 252,275 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Shares of NYSE:KREF opened at $20.26 on Wednesday. The stock has a 50 day moving average of $19.88 and a 200 day moving average of $19.82. The company has a market cap of $1.16 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 2.44 and a beta of 0.23. The company has a current ratio of 407.43, a quick ratio of 407.43 and a debt-to-equity ratio of 3.55. KKR Real Estate Finance Trust has a 12-month low of $18.54 and a 12-month high of $20.80.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.

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