UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 66.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,036 shares of the company's stock after selling 96,860 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.07% of KKR Real Estate Finance Trust worth $495,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in KREF. KLP Kapitalforvaltning AS bought a new stake in shares of KKR Real Estate Finance Trust in the 4th quarter valued at about $96,000. Caxton Associates LP acquired a new position in KKR Real Estate Finance Trust in the 4th quarter valued at about $110,000. Sherbrooke Park Advisers LLC acquired a new stake in KKR Real Estate Finance Trust during the fourth quarter worth approximately $119,000. First Trust Advisors LP acquired a new position in shares of KKR Real Estate Finance Trust in the fourth quarter valued at approximately $129,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in KKR Real Estate Finance Trust during the 4th quarter worth approximately $159,000. Institutional investors own 70.23% of the company's stock.
KKR Real Estate Finance Trust Price Performance
KKR Real Estate Finance Trust stock traded up $0.02 during mid-day trading on Thursday, hitting $9.52. 361,645 shares of the company traded hands, compared to its average volume of 516,228. The stock has a fifty day moving average price of $9.12 and a 200-day moving average price of $10.23. The stock has a market cap of $645.51 million, a price-to-earnings ratio of 52.89 and a beta of 0.92. KKR Real Estate Finance Trust Inc. has a one year low of $8.28 and a one year high of $12.95. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16.
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 business had revenue of $31.34 million for the quarter, compared to the consensus estimate of $34.77 million. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. On average, equities 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 Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.50%. The ex-dividend date is Monday, June 30th. KKR Real Estate Finance Trust's payout ratio is presently 625.00%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Keefe, Bruyette & Woods cut KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 price target on the stock. in a research report on Monday, April 7th. JMP Securities reaffirmed a "market outperform" rating and set a $12.00 price target on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. cut their price objective 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, KKR Real Estate Finance Trust currently has an average rating of "Moderate Buy" and an average target price of $11.88.
View Our Latest Stock Analysis on KKR Real Estate Finance Trust
KKR Real Estate Finance Trust Company Profile
(
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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