Hsbc Holdings PLC Invests $569,000 in KKR Real Estate Finance Trust $KREF

Hsbc Holdings PLC bought a new position in KKR Real Estate Finance Trust (NYSE:KREF) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 82,629 shares of the company’s stock, valued at approximately $569,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in KKR Real Estate Finance Trust during the second quarter valued at about $37,000. The Manufacturers Life Insurance Company purchased a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter worth about $254,000. Ieq Capital LLC acquired a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at about $399,000. Allworth Financial LP acquired a new position in shares of KKR Real Estate Finance Trust in the 2nd quarter valued at about $54,000. Finally, BlackRock Inc. purchased a new stake in shares of KKR Real Estate Finance Trust during the 2nd quarter worth about $40,349,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KREF. Wall Street Zen downgraded shares of KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Raymond James Financial raised shares of KKR Real Estate Finance Trust from an “outperform” rating to a “strong-buy” rating and set a $9.50 price target on the stock 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 stock a “market perform” rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research note on Friday, July 17th. Finally, Zacks Research upgraded shares of 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 given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.92.

KKR Real Estate Finance Trust Stock Performance

KKR Real Estate Finance Trust stock opened at $7.61 on Thursday. The stock’s 50 day moving average price is $7.37 and its 200 day moving average price is $6.90. The firm has a market capitalization of $445.50 million, a PE ratio of -2.32 and a beta of 0.83. The company has a debt-to-equity ratio of 4.36, a quick ratio of 407.64 and a current ratio of 407.64. KKR Real Estate Finance Trust has a one year low of $5.25 and a one year high of $9.98.

KKR Real Estate Finance Trust (NYSE:KREF) 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). 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 analyst estimates of $24.97 million. As a group, sell-side analysts expect 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.