Cura Wealth Advisors LLC acquired a new stake in KKR Real Estate Finance Trust (NYSE:KREF – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 100,757 shares of the company’s stock, valued at approximately $689,000.
Other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its holdings in KKR Real Estate Finance Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock valued at $30,000 after buying an additional 1,725 shares in the last quarter. Hantz Financial Services Inc. boosted its position in KKR Real Estate Finance Trust by 210.5% in the 4th quarter. Hantz Financial Services Inc. now owns 3,099 shares of the company’s stock valued at $25,000 after buying an additional 2,101 shares during the period. Tower Research Capital LLC TRC grew its stake in KKR Real Estate Finance Trust by 64.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company’s stock worth $50,000 after acquiring an additional 2,238 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in KKR Real Estate Finance Trust by 178.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,537 shares of the company’s stock worth $29,000 after acquiring an additional 2,266 shares in the last quarter. Finally, Whetstone Capital Advisors LLC increased its position in shares of KKR Real Estate Finance Trust by 9.9% during the fourth quarter. Whetstone Capital Advisors LLC now owns 26,609 shares of the company’s stock worth $219,000 after acquiring an additional 2,400 shares during the period. Hedge funds and other institutional investors own 70.23% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. Citizens Jmp downgraded shares of KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, April 27th. Wall Street Zen cut KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Weiss Ratings restated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a report on Friday, July 17th. Citigroup lowered KKR Real Estate Finance Trust from a “neutral” rating to a “market perform” rating in a research report on Monday, April 27th. Finally, Zacks Research upgraded KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, KKR Real Estate Finance Trust presently has an average rating of “Hold” and a consensus target price of $8.92.
KKR Real Estate Finance Trust Trading Down 0.1%
NYSE:KREF opened at $7.62 on Monday. KKR Real Estate Finance Trust has a one year low of $5.25 and a one year high of $9.98. The company has a debt-to-equity ratio of 4.36, a quick ratio of 407.64 and a current ratio of 407.64. The firm has a market cap of $446.09 million, a P/E ratio of -2.32 and a beta of 0.82. The firm has a 50-day simple moving average of $7.25 and a 200-day simple moving average of $6.93.
KKR Real Estate Finance Trust (NYSE:KREF – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.02). The business had revenue of $29.34 million for the quarter, compared to analysts’ expectations of $24.97 million. KKR Real Estate Finance Trust had a negative net margin of 47.33% and a negative return on equity of 1.53%. Equities analysts anticipate that KKR Real Estate Finance Trust will post 0.28 EPS for the current fiscal year.
KKR Real Estate Finance Trust Company Profile
KKR Real Estate Finance Trust, Inc (NYSE: KREF) is a mortgage real estate investment trust sponsored by KKR & Co Inc The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.
The trust’s investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions.
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