D. E. Shaw & Co. Inc. raised its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 319,230 shares of the company's stock after buying an additional 37,476 shares during the period. D. E. Shaw & Co. Inc. owned about 0.46% of KKR Real Estate Finance Trust worth $3,224,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new position in shares of KKR Real Estate Finance Trust in the 4th quarter valued at $293,000. Caxton Associates LP acquired a new stake in KKR Real Estate Finance Trust in the 4th quarter valued at $110,000. Balyasny Asset Management L.P. raised its position in KKR Real Estate Finance Trust by 116.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company's stock valued at $8,531,000 after purchasing an additional 454,517 shares during the period. Bank of America Corp DE lifted its stake in shares of KKR Real Estate Finance Trust by 32.8% during the fourth quarter. Bank of America Corp DE now owns 78,030 shares of the company's stock worth $788,000 after purchasing an additional 19,257 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of KKR Real Estate Finance Trust by 46.4% in the fourth quarter. BNP Paribas Financial Markets now owns 21,181 shares of the company's stock worth $214,000 after buying an additional 6,718 shares during the period. 70.23% of the stock is owned by institutional investors and hedge funds.
KKR Real Estate Finance Trust Stock Up 0.6%
Shares of NYSE:KREF traded up $0.05 during trading on Thursday, hitting $8.89. The company's stock had a trading volume of 806,098 shares, compared to its average volume of 506,403. The company has a market capitalization of $602.80 million, a PE ratio of 49.39 and a beta of 0.95. KKR Real Estate Finance Trust Inc. has a fifty-two week low of $8.28 and a fifty-two week high of $12.95. 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 stock's 50-day moving average price is $9.68 and its two-hundred day moving average price is $10.50.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.32). The business had revenue of $31.34 million for the quarter, compared to analysts' expectations of $34.77 million. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. As a group, sell-side analysts expect that KKR Real Estate Finance Trust Inc. 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, April 15th. Investors of record on Monday, March 31st were issued a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 11.25%. KKR Real Estate Finance Trust's dividend payout ratio is presently 625.00%.
Analysts Set New Price Targets
KREF has been the topic of several analyst reports. JMP Securities reiterated a "market outperform" rating and set a $12.00 target price on shares of KKR Real Estate Finance Trust in a report on Tuesday. 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 objective for the company. in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. reduced 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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, KKR Real Estate Finance Trust has an average rating of "Moderate Buy" and an average target price of $11.88.
Get Our Latest Stock Report on KREF
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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