Balyasny Asset Management L.P. raised its holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 116.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 844,610 shares of the company's stock after purchasing an additional 454,517 shares during the quarter. Balyasny Asset Management L.P. owned 1.23% of KKR Real Estate Finance Trust worth $8,531,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS purchased a new stake in KKR Real Estate Finance Trust during the fourth quarter worth about $96,000. First Trust Advisors LP purchased a new stake in KKR Real Estate Finance Trust during the 4th quarter worth approximately $129,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter worth $159,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter worth approximately $182,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of KKR Real Estate Finance Trust in the 4th quarter valued at approximately $213,000. Hedge funds and other institutional investors own 70.23% of the company's stock.
KKR Real Estate Finance Trust Stock Performance
NYSE:KREF traded up $0.03 during midday trading on Tuesday, reaching $9.59. The stock had a trading volume of 563,047 shares, compared to its average volume of 502,509. The firm has a fifty day simple moving average of $9.88 and a two-hundred day simple moving average of $10.60. KKR Real Estate Finance Trust Inc. has a 12-month low of $8.28 and a 12-month high of $12.95. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50. The stock has a market cap of $650.26 million, a P/E ratio of 53.28 and a beta of 0.95.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.32). The firm had revenue of $31.34 million during the quarter, compared to analysts' expectations of $34.77 million. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. On average, equities analysts expect that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current year.
KKR Real Estate Finance Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.43%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently 625.00%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on KREF. JPMorgan Chase & Co. dropped their price objective on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Keefe, Bruyette & Woods lowered shares of KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 target price on the stock. in a research report on Monday, April 7th. Finally, JMP Securities lowered their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $12.00 and set a "market outperform" rating on the stock in a research report on Thursday, April 24th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $11.88.
Check Out Our Latest Research Report on KKR Real Estate Finance Trust
About KKR Real Estate Finance Trust
(
Free Report)
KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans.
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