Cura Wealth Advisors LLC Purchases Shares of 100,757 KKR Real Estate Finance Trust $KREF

Cura Wealth Advisors LLC acquired a new position in KKR Real Estate Finance Trust (NYSE:KREF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 100,757 shares of the company’s stock, valued at approximately $689,000. Cura Wealth Advisors LLC owned about 0.17% of KKR Real Estate Finance Trust at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. grew its holdings in shares of KKR Real Estate Finance Trust by 210.5% in the fourth quarter. Hantz Financial Services Inc. now owns 3,099 shares of the company’s stock valued at $25,000 after purchasing an additional 2,101 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in KKR Real Estate Finance Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock valued at $30,000 after purchasing an additional 1,725 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in KKR Real Estate Finance Trust by 178.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,537 shares of the company’s stock valued at $29,000 after purchasing an additional 2,266 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in KKR Real Estate Finance Trust by 742.0% during the second quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company’s stock valued at $36,000 after purchasing an additional 3,658 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in KKR Real Estate Finance Trust by 64.1% during the second quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company’s stock valued at $50,000 after purchasing an additional 2,238 shares during the last quarter. 70.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on KREF shares. Weiss Ratings restated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a report on Friday, July 17th. Citizens Jmp lowered KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods boosted their price objective on KKR Real Estate Finance Trust from $6.50 to $7.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. Wells Fargo & Company reduced their price objective on KKR Real Estate Finance Trust from $9.00 to $7.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Finally, Zacks Research upgraded KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, KKR Real Estate Finance Trust presently has a consensus rating of “Hold” and an average price target of $8.92.

KKR Real Estate Finance Trust Trading Down 0.1%

KREF stock opened at $7.62 on Monday. The company has a quick ratio of 407.64, a current ratio of 407.64 and a debt-to-equity ratio of 4.36. KKR Real Estate Finance Trust has a twelve month low of $5.25 and a twelve month high of $9.98. The stock has a market capitalization of $446.09 million, a price-to-earnings ratio of -2.32 and a beta of 0.82. The firm’s fifty day simple moving average is $7.25 and its two-hundred day simple moving average is $6.93.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Tuesday, July 21st. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.02). KKR Real Estate Finance Trust had a negative net margin of 47.33% and a negative return on equity of 1.53%. The firm had revenue of $29.34 million during the quarter, compared to analysts’ expectations of $24.97 million. As a group, analysts anticipate that KKR Real Estate Finance Trust will post 0.28 earnings per share for the current year.

KKR Real Estate Finance Trust 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.