UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $495,000 Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 66.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 about 0.07% of KKR Real Estate Finance Trust worth $495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new stake in KKR Real Estate Finance Trust in the 4th quarter worth approximately $5,350,000. Price T Rowe Associates Inc. MD lifted its position in KKR Real Estate Finance Trust by 2,400.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 477,633 shares of the company's stock worth $4,825,000 after buying an additional 458,530 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in KKR Real Estate Finance Trust by 116.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company's stock worth $8,531,000 after buying an additional 454,517 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in KKR Real Estate Finance Trust in the 4th quarter worth approximately $2,477,000. Finally, Raymond James Financial Inc. purchased a new stake in KKR Real Estate Finance Trust in the 4th quarter worth approximately $1,835,000. Institutional investors and hedge funds own 70.23% of the company's stock.

KKR Real Estate Finance Trust Stock Down 3.3%

Shares of KREF traded down $0.31 during mid-day trading on Friday, hitting $9.21. 697,760 shares of the company's stock were exchanged, compared to its average volume of 518,881. The firm has a fifty day moving average of $9.14 and a two-hundred day moving average of $10.19. KKR Real Estate Finance Trust Inc. has a twelve month low of $8.28 and a twelve month high of $12.95. The stock has a market cap of $624.49 million, a price-to-earnings ratio of 51.17 and a beta of 0.92. 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 (NYSE:KREF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.15) 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 business had revenue of $31.34 million for the quarter, compared to analyst estimates of $34.77 million. On average, sell-side analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 10.86%. KKR Real Estate Finance Trust's payout ratio is presently 625.00%.

Wall Street Analyst Weigh In

KREF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price 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 lowered shares of 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 note 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 note on Tuesday, May 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, KKR Real Estate Finance Trust currently has an average rating of "Moderate Buy" and a consensus 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.