KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Sold by GP Brinson Investments LLC

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 first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,706 shares of the company's stock after selling 96,442 shares during the quarter. KKR Real Estate Finance Trust accounts for about 0.5% of GP Brinson Investments LLC's investment 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.

Other hedge funds have also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at $96,000. Caxton Associates LP bought a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at $110,000. Sherbrooke Park Advisers LLC bought a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at $119,000. First Trust Advisors LP bought a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at $129,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at $159,000. Institutional investors own 70.23% of the company's stock.

Analyst Upgrades and Downgrades

KREF has been the subject of several analyst reports. JPMorgan Chase & Co. decreased 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. Keefe, Bruyette & Woods lowered 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 report on Monday, April 7th. Finally, JMP Securities reiterated a "market outperform" rating and set a $12.00 price objective on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $11.88.

KKR Real Estate Finance Trust Trading Down 1.8%

KREF traded down $0.16 during trading hours on Monday, reaching $8.77. The company's stock had a trading volume of 354,656 shares, compared to its average volume of 510,284. 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 stock has a market cap of $594.73 million, a PE ratio of 48.75 and a beta of 0.95. The business's 50-day moving average is $9.36 and its 200-day moving average is $10.35. The company has a debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 296.16.

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 (EPS) 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 company had revenue of $31.34 million during the quarter, compared to analyst estimates of $34.77 million. As a group, equities research analysts predict that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 11.40%. The ex-dividend date was Monday, March 31st. KKR Real Estate Finance Trust's dividend payout ratio 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.