Millennium Management LLC Purchases 81,028 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Millennium Management LLC lifted its stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 40.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 280,650 shares of the company's stock after acquiring an additional 81,028 shares during the quarter. Millennium Management LLC owned about 0.41% of KKR Real Estate Finance Trust worth $2,835,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in KKR Real Estate Finance Trust by 10.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,045,773 shares of the company's stock worth $10,562,000 after purchasing an additional 95,540 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in KKR Real Estate Finance Trust during the fourth quarter valued at approximately $2,477,000. Graham Capital Management L.P. bought a new position in shares of KKR Real Estate Finance Trust in the fourth quarter valued at approximately $451,000. Deutsche Bank AG lifted its stake in shares of KKR Real Estate Finance Trust by 52.9% in the fourth quarter. Deutsche Bank AG now owns 54,522 shares of the company's stock worth $551,000 after buying an additional 18,865 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of KKR Real Estate Finance Trust by 13.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 319,230 shares of the company's stock worth $3,224,000 after buying an additional 37,476 shares during the period. Institutional investors own 70.23% of the company's stock.

KKR Real Estate Finance Trust Stock Performance

KREF stock traded down $0.02 on Wednesday, reaching $8.98. 458,230 shares of the company were exchanged, compared to its average volume of 513,624. The firm has a market capitalization of $608.90 million, a PE ratio of 49.89 and a beta of 0.95. KKR Real Estate Finance Trust Inc. has a 12 month low of $8.28 and a 12 month high of $12.95. The stock's fifty day moving average price is $9.23 and its 200 day moving average price is $10.31. 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 posted its quarterly earnings results 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 return on equity of 8.53% and a net margin of 6.30%. The company had revenue of $31.34 million during the quarter, compared to analyst estimates of $34.77 million. On average, research analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 11.14%. The ex-dividend date was Monday, March 31st. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently 625.00%.

Analysts Set New Price Targets

KREF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered shares of KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 target price on the stock. in a research note on Monday, April 7th. JPMorgan Chase & Co. decreased their price target on shares of 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. Finally, JMP Securities reiterated a "market outperform" rating and issued a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, KKR Real Estate Finance Trust currently has an average rating of "Moderate Buy" and an average price target of $11.88.

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.