BTIG Reaffirms Their Buy Rating on Kkr Real Estate Finance (KREF)

In a report released yesterday, Eric Hagen from BTIG maintained a Buy rating on Kkr Real Estate Finance (KREFResearch Report), with a price target of $18.00. The company’s shares closed yesterday at $15.87.

Hagen covers the Financial sector, focusing on stocks such as Two Harbors, Dynex Capital, and Starwood Property. According to TipRanks, Hagen has an average return of -3.6% and a 38.84% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kkr Real Estate Finance with a $17.25 average price target, implying an 8.70% upside from current levels. In a report released on February 1, JMP Securities also reiterated a Buy rating on the stock with a $18.00 price target.

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The company has a one-year high of $19.66 and a one-year low of $13.55. Currently, Kkr Real Estate Finance has an average volume of 422K.

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KKR Real Estate Finance Trust, Inc. is a real estate finance company, which focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. Its target assets include mezzanine loans, preferred equity and other debt-oriented instruments. The company’s investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, primarily through dividends. KKR Real Estate Finance Trust was founded on October 2, 2014 and is headquartered in New York, NY.

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