KKR Real Estate Finance Trust $KREF Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in KKR Real Estate Finance Trust by 38.9%, owning 437,843 shares worth approximately $4.73 million after selling 278,794 shares in the first quarter.
• Analysts have mixed views on KKR Real Estate Finance Trust, with Wall Street Zen downgrading the stock from "hold" to "sell," while others maintain a "buy" rating, giving it a consensus rating of "Moderate Buy".
• The company recently announced a $0.25 quarterly dividend, translating to an annual yield of approximately 10.6%, but has a negative dividend payout ratio of -151.52%.

Invesco Ltd. trimmed its position in shares of KKR Real Estate Finance Trust (NYSE:KREF - Free Report) by 38.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 437,843 shares of the company's stock after selling 278,794 shares during the period. Invesco Ltd. owned about 0.65% of KKR Real Estate Finance Trust worth $4,729,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of KKR Real Estate Finance Trust by 10.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,045,773 shares of the company's stock worth $10,562,000 after buying an additional 95,540 shares during the period. Balyasny Asset Management L.P. increased its stake 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 last quarter. Northern Trust Corp increased its stake in KKR Real Estate Finance Trust by 21.7% in the fourth quarter. Northern Trust Corp now owns 690,826 shares of the company's stock valued at $6,977,000 after purchasing an additional 123,312 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in KKR Real Estate Finance Trust by 4.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 666,973 shares of the company's stock valued at $7,203,000 after purchasing an additional 29,112 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in KKR Real Estate Finance Trust in the fourth quarter valued at approximately $5,350,000. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock traded down $0.13 during trading hours on Tuesday, hitting $9.51. The stock had a trading volume of 430,054 shares, compared to its average volume of 454,967. The firm has a market capitalization of $624.29 million, a PE ratio of -14.40 and a beta of 0.91. KKR Real Estate Finance Trust has a twelve month low of $8.28 and a twelve month high of $12.95. The stock's 50 day moving average is $9.18 and its 200 day moving average is $9.60. The company has a debt-to-equity ratio of 3.81, a current ratio of 440.20 and a quick ratio of 440.20.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.37). The firm had revenue of $35.75 million during the quarter, compared to analyst estimates of $32.55 million. KKR Real Estate Finance Trust had a negative net margin of 4.43% and a positive return on equity of 1.61%. As a group, research analysts forecast that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 10.5%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is -151.52%.

Analyst Upgrades and Downgrades

KREF has been the topic of several recent analyst reports. 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 note on Tuesday, May 20th. Wall Street Zen lowered shares of KKR Real Estate Finance Trust from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, KKR Real Estate Finance Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.95.

KKR Real Estate Finance Trust 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.