102,472 Shares in KKR Real Estate Finance Trust $KREF Acquired by AlphaQuest LLC

Key Points

• AlphaQuest LLC has invested approximately $1.11 million in KKR Real Estate Finance Trust (NYSE:KREF), acquiring 102,472 shares and representing a 0.15% ownership stake.
• KKR Real Estate Finance Trust recently reported an earnings miss with ($0.53) earnings per share against an expectation of (0.16), while their revenue for the quarter was $35.75 million.
• The company announced a quarterly dividend of $0.25 issued to shareholders, reflecting a 10.5% yield despite a negative payout ratio of -151.52%.

AlphaQuest LLC acquired a new stake in KKR Real Estate Finance Trust (NYSE:KREF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 102,472 shares of the company's stock, valued at approximately $1,107,000. AlphaQuest LLC owned 0.15% of KKR Real Estate Finance Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of KREF. Farther Finance Advisors LLC raised its position in KKR Real Estate Finance Trust by 9,954.2% during the 1st quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company's stock worth $26,000 after buying an additional 2,389 shares during the last quarter. GAMMA Investing LLC grew its position in KKR Real Estate Finance Trust by 2,508.7% in the first quarter. GAMMA Investing LLC now owns 5,400 shares of the company's stock valued at $58,000 after acquiring an additional 5,193 shares in the last quarter. Caxton Associates LP acquired a new position in KKR Real Estate Finance Trust in the fourth quarter worth $110,000. Sherbrooke Park Advisers LLC acquired a new position in KKR Real Estate Finance Trust in the fourth quarter worth $119,000. Finally, First Trust Advisors LP bought a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at $129,000. Hedge funds and other institutional investors own 70.23% of the company's stock.

KKR Real Estate Finance Trust Trading Up 0.3%

Shares of NYSE KREF traded up $0.03 during trading on Thursday, reaching $9.49. The company had a trading volume of 360,125 shares, compared to its average volume of 586,377. KKR Real Estate Finance Trust has a 12 month low of $8.28 and a 12 month high of $12.95. The company has a quick ratio of 440.20, a current ratio of 440.20 and a debt-to-equity ratio of 3.81. The company's fifty day moving average price is $9.15 and its 200-day moving average price is $9.65. The stock has a market cap of $622.94 million, a P/E ratio of -14.37 and a beta of 0.92.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.37). KKR Real Estate Finance Trust had a positive return on equity of 1.61% and a negative net margin of 4.43%.The company had revenue of $35.75 million during the quarter, compared to analysts' expectations of $32.55 million. As a group, research analysts expect that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 10.5%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently -151.52%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wall Street Zen cut KKR Real Estate Finance Trust from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. JMP Securities restated a "market outperform" rating and set a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $11.95.

KKR Real Estate Finance Trust 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.