Endure Capital Management LLC Makes New Investment in KKR Real Estate Finance Trust $KREF

Endure Capital Management LLC acquired a new position in shares of KKR Real Estate Finance Trust (NYSE:KREF) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 252,523 shares of the company’s stock, valued at approximately $1,545,000. KKR Real Estate Finance Trust accounts for about 1.1% of Endure Capital Management LLC’s holdings, making the stock its 10th largest holding.

A number of other large investors have also recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its holdings in shares of KKR Real Estate Finance Trust by 210.5% during the fourth 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 last quarter. PNC Financial Services Group Inc. raised 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 during the last quarter. Geneos Wealth Management Inc. raised its stake in KKR Real Estate Finance Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock worth $30,000 after acquiring an additional 1,725 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in KKR Real Estate Finance Trust by 742.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company’s stock worth $36,000 after acquiring an additional 3,658 shares during the period. Finally, Fifth Third Bancorp lifted its position in KKR Real Estate Finance Trust by 5,654.7% during the 1st quarter. Fifth Third Bancorp now owns 6,100 shares of the company’s stock worth $37,000 after acquiring an additional 5,994 shares during the period. 70.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Citigroup downgraded KKR Real Estate Finance Trust from a “neutral” rating to a “market perform” rating in a research note on Monday, April 27th. Zacks Research raised KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Citizens Jmp downgraded KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a report on Monday, April 27th. Keefe, Bruyette & Woods upped their target price on KKR Real Estate Finance Trust from $6.50 to $7.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their price target on shares of KKR Real Estate Finance Trust from $8.00 to $7.50 and set an “underweight” rating on the stock in a report on Friday. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, KKR Real Estate Finance Trust currently has a consensus rating of “Reduce” and an average price target of $8.80.

KKR Real Estate Finance Trust Trading Up 2.1%

NYSE KREF opened at $7.29 on Friday. KKR Real Estate Finance Trust has a 1 year low of $5.25 and a 1 year high of $9.98. 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 company has a market capitalization of $426.93 million, a PE ratio of -2.22 and a beta of 0.82. The company has a fifty day moving average of $7.01 and a 200 day moving average of $7.00.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly 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). The company had revenue of $29.34 million for the quarter, compared to analyst estimates of $24.97 million. KKR Real Estate Finance Trust had a negative return on equity of 1.53% and a negative net margin of 47.33%. Research analysts forecast that KKR Real Estate Finance Trust will post -1.39 earnings per share for the current year.

About KKR Real Estate Finance Trust

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.