
JPMorgan Chase & Co. Has Lowered Expectations for KKR Real Estate Finance Trust (NYSE:KREF) Stock Price

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JPMorgan Chase & Co. has lowered its target price for KKR Real Estate Finance Trust (NYSE:KREF) from $8.50 to $8.00, maintaining a "neutral" rating. Other analysts have also adjusted their ratings, with Wells Fargo reducing its target to $9.00 and Keefe, Bruyette & Woods lowering it to $8.00. KREF shares recently traded at $7.30, down 7.4%. The company reported earnings of $0.22 per share, exceeding estimates, and has a market cap of $477.74 million. Insider transactions show increased buying activity among directors.
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