D. E. Shaw & Co. Inc. increased its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 13.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 319,230 shares of the company's stock after buying an additional 37,476 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.46% of KKR Real Estate Finance Trust worth $3,224,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of KREF. Drive Wealth Management LLC lifted its stake in shares of KKR Real Estate Finance Trust by 18.8% in the fourth quarter. Drive Wealth Management LLC now owns 84,718 shares of the company's stock valued at $877,000 after purchasing an additional 13,432 shares during the period. Rhumbline Advisers grew its holdings in KKR Real Estate Finance Trust by 1.2% in the fourth quarter. Rhumbline Advisers now owns 175,092 shares of the company's stock valued at $1,768,000 after purchasing an additional 2,100 shares during the last quarter. Principal Financial Group Inc. grew its holdings in KKR Real Estate Finance Trust by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 283,897 shares of the company's stock valued at $2,867,000 after purchasing an additional 8,873 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of KKR Real Estate Finance Trust in the fourth quarter valued at $159,000. Finally, Illinois Municipal Retirement Fund raised its stake in shares of KKR Real Estate Finance Trust by 6.2% during the 4th quarter. Illinois Municipal Retirement Fund now owns 31,711 shares of the company's stock worth $320,000 after buying an additional 1,842 shares during the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.
KKR Real Estate Finance Trust Stock Performance
KREF traded up $0.12 during trading on Friday, reaching $9.00. 473,670 shares of the company were exchanged, compared to its average volume of 506,166. The stock has a market cap of $609.91 million, a P/E ratio of 49.97 and a beta of 0.95. The firm has a 50 day moving average of $9.59 and a 200 day moving average of $10.45. KKR Real Estate Finance Trust Inc. has a 52 week low of $8.28 and a 52 week high of $12.95. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last announced its quarterly earnings data 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). KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. The firm had revenue of $31.34 million during the quarter, compared to analyst estimates of $34.77 million. On average, sell-side analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current fiscal year.
KKR Real Estate Finance Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.12%. The ex-dividend date was Monday, March 31st. KKR Real Estate Finance Trust's payout ratio is 625.00%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased 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 downgraded shares of 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 research note on Monday, April 7th. Finally, JMP Securities reissued a "market outperform" rating and set a $12.00 price target on shares of KKR Real Estate Finance Trust in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, KKR Real Estate Finance Trust currently has a consensus rating of "Moderate Buy" and an average target price of $11.88.
Get Our Latest Stock Report on KKR Real Estate Finance Trust
KKR Real Estate Finance Trust Company Profile
(
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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