GP Brinson Investments LLC Reduces Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

GP Brinson Investments LLC decreased its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 47.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,706 shares of the company's stock after selling 96,442 shares during the period. KKR Real Estate Finance Trust accounts for about 0.5% of GP Brinson Investments LLC's portfolio, making the stock its 12th biggest position. GP Brinson Investments LLC owned 0.15% of KKR Real Estate Finance Trust worth $1,131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in KREF. Wellington Management Group LLP purchased a new stake in KKR Real Estate Finance Trust in the 4th quarter worth approximately $5,350,000. Price T Rowe Associates Inc. MD increased its position in KKR Real Estate Finance Trust by 2,400.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 477,633 shares of the company's stock valued at $4,825,000 after purchasing an additional 458,530 shares during the period. Balyasny Asset Management L.P. raised its position in shares of KKR Real Estate Finance Trust by 116.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company's stock worth $8,531,000 after acquiring an additional 454,517 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in KKR Real Estate Finance Trust in the fourth quarter worth about $2,477,000. Finally, Raymond James Financial Inc. purchased a new position in shares of KKR Real Estate Finance Trust in the fourth quarter worth $1,835,000. Institutional investors own 70.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KREF. Keefe, Bruyette & Woods downgraded 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 note on Monday, April 7th. JPMorgan Chase & Co. cut their target price on 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. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $12.00 price target on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $11.88.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE:KREF traded down $0.12 during midday trading on Friday, reaching $8.93. 667,945 shares of the company's stock traded hands, compared to its average volume of 510,370. The company has a fifty day simple moving average of $9.36 and a two-hundred day simple moving average of $10.36. 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 company has a market cap of $605.51 million, a P/E ratio of 49.61 and a beta of 0.95. KKR Real Estate Finance Trust Inc. has a 1 year low of $8.28 and a 1 year high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.32). The company had revenue of $31.34 million during the quarter, compared to analyst estimates of $34.77 million. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. Equities analysts predict 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 11.20%. The ex-dividend date was Monday, March 31st. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently 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.