KKR Real Estate Finance Trust $KREF Holdings Raised by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in KKR Real Estate Finance Trust by 4.6%, purchasing an additional 29,112 shares, bringing its total ownership to 666,973 shares worth approximately $7.2 million.
• Recent performance shows that KKR Real Estate Finance Trust reported a negative EPS of ($0.53) for the quarter, missing analysts' expectations, yet had revenues of $35.75 million which surpassed expectations.
• KKR Real Estate Finance Trust has a current annualized dividend yield of 10.6% after declaring a quarterly dividend of $0.25, despite a payout ratio of -151.52%.

Charles Schwab Investment Management Inc. lifted its holdings in KKR Real Estate Finance Trust (NYSE:KREF - Free Report) by 4.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 666,973 shares of the company's stock after purchasing an additional 29,112 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.98% of KKR Real Estate Finance Trust worth $7,203,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in KKR Real Estate Finance Trust by 9,954.2% in the first quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company's stock worth $26,000 after acquiring an additional 2,389 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of KKR Real Estate Finance Trust by 2,508.7% during the 1st quarter. GAMMA Investing LLC now owns 5,400 shares of the company's stock worth $58,000 after buying an additional 5,193 shares during the last quarter. Caxton Associates LP purchased a new stake in shares of KKR Real Estate Finance Trust during the 4th quarter worth approximately $110,000. Sherbrooke Park Advisers LLC purchased a new stake in KKR Real Estate Finance Trust in the 4th quarter valued at $119,000. Finally, First Trust Advisors LP purchased a new stake in KKR Real Estate Finance Trust in the 4th quarter valued at $129,000. Institutional investors and hedge funds own 70.23% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on KREF. JMP Securities reiterated 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, May 20th. Wall Street Zen downgraded shares of KKR Real Estate Finance Trust from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $11.95.

KKR Real Estate Finance Trust Trading Up 1.3%

NYSE KREF traded up $0.13 during mid-day trading on Friday, hitting $9.63. The company's stock had a trading volume of 353,769 shares, compared to its average volume of 493,898. KKR Real Estate Finance Trust has a 52-week low of $8.28 and a 52-week high of $12.95. The stock's fifty day simple moving average is $9.16 and its two-hundred day simple moving average is $9.62. The company has a debt-to-equity ratio of 3.81, a current ratio of 440.20 and a quick ratio of 440.20. The firm has a market capitalization of $632.13 million, a P/E ratio of -14.58 and a beta of 0.92.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings results 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 negative net margin of 4.43% and a positive return on equity of 1.61%. The business had revenue of $35.75 million during the quarter, compared to analysts' expectations of $32.55 million. Research analysts expect that KKR Real Estate Finance Trust will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.4%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently -151.52%.

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.