Jane Street Group LLC lessened its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 59.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,022 shares of the company's stock after selling 144,572 shares during the quarter. Jane Street Group LLC owned about 0.15% of KKR Real Estate Finance Trust worth $1,010,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the business. Northern Trust Corp boosted its holdings in shares of 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 worth $6,977,000 after acquiring an additional 123,312 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in KKR Real Estate Finance Trust by 5.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 41,975 shares of the company's stock worth $424,000 after purchasing an additional 2,051 shares in the last quarter. Voya Investment Management LLC boosted its stake in KKR Real Estate Finance Trust by 11.4% in the 4th quarter. Voya Investment Management LLC now owns 261,402 shares of the company's stock worth $2,640,000 after purchasing an additional 26,811 shares during the period. Price T Rowe Associates Inc. MD grew its holdings 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 buying an additional 458,530 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in KKR Real Estate Finance Trust during the 4th quarter valued at about $301,000. Hedge funds and other institutional investors own 70.23% of the company's stock.
KKR Real Estate Finance Trust Price Performance
Shares of KREF stock traded down $0.14 during trading on Wednesday, hitting $8.99. The company had a trading volume of 979,726 shares, compared to its average volume of 509,383. The stock's 50-day moving average is $9.45 and its two-hundred day moving average is $10.40. The stock has a market capitalization of $609.51 million, a price-to-earnings ratio of 49.94 and a beta of 0.95. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50. KKR Real Estate Finance Trust Inc. has a 52 week low of $8.28 and a 52 week high of $12.95.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.32). The company had revenue of $31.34 million during 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, 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. Investors of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 11.12%. KKR Real Estate Finance Trust's dividend payout ratio is presently 625.00%.
Analyst Ratings Changes
A number of research firms have recently commented on KREF. JPMorgan Chase & Co. cut their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. 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 target for the company. in a report on Monday, April 7th. Finally, JMP Securities restated a "market outperform" rating and set a $12.00 price target on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $11.88.
Get Our Latest Stock Report on KREF
About KKR Real Estate Finance Trust
(
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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