Ameriprise Financial Inc. Sells 28,092 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Ameriprise Financial Inc. trimmed its holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 17.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,008 shares of the company's stock after selling 28,092 shares during the period. Ameriprise Financial Inc. owned 0.19% of KKR Real Estate Finance Trust worth $1,345,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KREF. Wellington Management Group LLP acquired a new stake in shares of KKR Real Estate Finance Trust in the fourth quarter worth $5,350,000. Price T Rowe Associates Inc. MD increased its holdings in shares of KKR Real Estate Finance Trust by 2,400.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 477,633 shares of the company's stock worth $4,825,000 after buying an additional 458,530 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at $1,835,000. JPMorgan Chase & Co. raised its holdings in shares of KKR Real Estate Finance Trust by 31.7% in the fourth quarter. JPMorgan Chase & Co. now owns 728,875 shares of the company's stock valued at $7,362,000 after buying an additional 175,603 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC lifted its position in shares of KKR Real Estate Finance Trust by 710.2% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 153,391 shares of the company's stock worth $1,549,000 after purchasing an additional 134,459 shares in the last quarter. 70.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JMP Securities reissued a "market outperform" rating and issued a $12.00 target price on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 20th. Keefe, Bruyette & Woods cut KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 price target on the stock. in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. dropped their price objective on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating for the company in a report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $11.88.

KKR Real Estate Finance Trust Trading Down 0.2%

Shares of KREF stock traded down $0.02 during trading hours on Wednesday, reaching $8.98. The company had a trading volume of 458,230 shares, compared to its average volume of 513,624. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.28 and a 1-year high of $12.95. The company has a debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 296.16. The firm has a market cap of $608.90 million, a price-to-earnings ratio of 49.89 and a beta of 0.95. The company has a 50 day moving average of $9.23 and a 200 day moving average of $10.31.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.32). The company had revenue of $31.34 million for 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%. On average, equities research analysts anticipate 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. Shareholders 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 annualized dividend and a dividend yield of 11.14%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is currently 625.00%.

About KKR Real Estate Finance Trust

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.