29,018 Shares in KKR Real Estate Finance Trust Inc. (NYSE:KREF) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 29,018 shares of the company's stock, valued at approximately $293,000.

Several other large investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in KKR Real Estate Finance Trust in the 4th quarter valued at about $96,000. Caxton Associates LP bought a new position in KKR Real Estate Finance Trust in the 4th quarter valued at about $110,000. First Trust Advisors LP bought a new position in KKR Real Estate Finance Trust in the 4th quarter valued at about $129,000. Y Intercept Hong Kong Ltd bought a new position in KKR Real Estate Finance Trust in the 4th quarter valued at about $159,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in KKR Real Estate Finance Trust in the 4th quarter valued at about $182,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Stock Performance

Shares of KKR Real Estate Finance Trust stock traded up $0.12 during mid-day trading on Friday, hitting $9.00. 473,670 shares of the stock were exchanged, compared to its average volume of 506,143. 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 50-day simple moving average of $9.59 and a 200 day simple moving average of $10.46. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16. The company has a market capitalization of $609.91 million, a P/E ratio of 49.97 and a beta of 0.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.32). The company had revenue of $31.34 million during the quarter, compared to the consensus estimate of $34.77 million. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. Sell-side analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.12%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently 625.00%.

Analysts Set New Price Targets

Several brokerages recently weighed in on KREF. JMP Securities reaffirmed a "market outperform" rating and issued a $12.00 price target on shares of KKR Real Estate Finance Trust in a research report on Tuesday. Keefe, Bruyette & Woods cut 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, JPMorgan Chase & Co. dropped their target price on shares of KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, KKR Real Estate Finance Trust currently has an average rating of "Moderate Buy" and an average price target of $11.88.

KKR Real Estate Finance Trust Company Profile

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.