Corient Private Wealth LP Purchases New Position in KKR Real Estate Finance Trust $KREF

Key Points

• Corient Private Wealth LP acquired 193,190 shares of KKR Real Estate Finance Trust in the second quarter, valued at approximately $1.32 million and representing 0.33% ownership.
• Institutional investors and hedge funds own 70.23% of KREF, while several firms—including Conversant Capital and Beach Point Capital Management—have recently established new positions.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $8.92; KREF recently reported a quarterly loss of $0.58 per share, slightly worse than estimates.

Corient Private Wealth LP purchased a new position in KKR Real Estate Finance Trust (NYSE:KREF - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 193,190 shares of the company's stock, valued at approximately $1,321,000. Corient Private Wealth LP owned 0.33% of KKR Real Estate Finance Trust at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Beach Point Capital Management LP acquired a new stake in KKR Real Estate Finance Trust in the 4th quarter valued at $1,634,000. Conversant Capital LLC purchased a new position in KKR Real Estate Finance Trust during the first quarter valued at $9,000,000. Endure Capital Management LLC acquired a new stake in shares of KKR Real Estate Finance Trust in the first quarter valued at about $1,545,000. Compass Rose Asset Management LP purchased a new position in KKR Real Estate Finance Trust in the 4th quarter valued at about $2,754,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in KKR Real Estate Finance Trust during the 1st quarter worth approximately $1,602,000. 70.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KREF has been the subject of a number of research reports. Zacks Research raised shares of KKR Real Estate Finance Trust from a "strong sell" rating to a "hold" rating in a report on Friday, July 10th. Weiss Ratings reiterated a "sell (d)" rating on shares of KKR Real Estate Finance Trust in a report on Friday, July 17th. Raymond James Financial raised KKR Real Estate Finance Trust from an "outperform" rating to a "strong-buy" rating and set a $9.50 price objective for the company in a research report on Thursday, August 6th. Keefe, Bruyette & Woods boosted their price objective on shares of KKR Real Estate Finance Trust from $6.50 to $7.00 and gave the company a "market perform" rating in a report on Thursday, July 23rd. Finally, Wall Street Zen cut shares of KKR Real Estate Finance Trust from a "sell" rating to a "strong sell" rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $8.92.

KKR Real Estate Finance Trust Stock Performance

Shares of KKR Real Estate Finance Trust stock opened at $7.65 on Friday. The stock has a market capitalization of $448.12 million, a price-to-earnings ratio of -2.33 and a beta of 0.83. The company has a debt-to-equity ratio of 4.36, a current ratio of 407.64 and a quick ratio of 407.64. The business has a 50-day moving average of $7.39 and a 200 day moving average of $6.91. KKR Real Estate Finance Trust has a 12 month low of $5.25 and a 12 month high of $9.98.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings results 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). KKR Real Estate Finance Trust had a negative return on equity of 1.53% and a negative net margin of 47.33%.The business had revenue of $29.34 million for the quarter, compared to analyst estimates of $24.97 million. As a group, sell-side analysts forecast 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.

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