KREF Crosses Above Average Analyst Target
February 23, 2018 at 09:30 AM EST
In recent trading, shares of KKR Real Estate Finance Trust Inc (KREF) have crossed above the average analyst 12-month target price of $19.50, changing hands for $19.63/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..