Graham Capital Management L.P. Acquires 32,374 Shares of KKR Real Estate Finance Trust $KREF

Key Points

• Graham Capital Management L.P. increased its stake in KKR Real Estate Finance Trust by 72.4%, owning 77,063 shares now valued at $832,000.
• KKR Real Estate Finance Trust reported a loss of $0.53 earnings per share in its last quarterly results, significantly missing the consensus estimate of ($0.16).
• The company recently declared a quarterly dividend of $0.25 per share, yielding 10.3%, despite having a negative payout ratio of -151.52%.

Graham Capital Management L.P. lifted its holdings in shares of KKR Real Estate Finance Trust (NYSE:KREF - Free Report) by 72.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,063 shares of the company's stock after purchasing an additional 32,374 shares during the quarter. Graham Capital Management L.P. owned 0.11% of KKR Real Estate Finance Trust worth $832,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC purchased a new position in KKR Real Estate Finance Trust in the 1st quarter worth approximately $2,241,000. Rhino Investment Partners Inc lifted its holdings in shares of KKR Real Estate Finance Trust by 207.7% during the 1st quarter. Rhino Investment Partners Inc now owns 296,668 shares of the company's stock worth $3,204,000 after acquiring an additional 200,244 shares during the last quarter. Northern Trust Corp grew its position 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 worth $6,977,000 after acquiring an additional 123,312 shares in the last quarter. Farther Finance Advisors LLC grew its position in KKR Real Estate Finance Trust by 9,954.2% in the first quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company's stock worth $26,000 after acquiring an additional 2,389 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in 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 valued at $551,000 after acquiring an additional 18,865 shares during the last quarter. 70.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KREF. Wall Street Zen raised KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a research note on Friday. JMP Securities reissued a "market outperform" rating and set a $12.00 price objective on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 20th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $11.95.

KKR Real Estate Finance Trust Trading Up 1.1%

KKR Real Estate Finance Trust stock traded up $0.11 during mid-day trading on Friday, hitting $9.86. The company's stock had a trading volume of 525,357 shares, compared to its average volume of 473,917. The business has a 50 day moving average price of $9.22 and a 200-day moving average price of $9.56. 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 has a 12 month low of $8.28 and a 12 month high of $12.95. The stock has a market cap of $647.28 million, a price-to-earnings ratio of -14.93 and a beta of 0.91.

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

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.25 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 10.1%. KKR Real Estate Finance Trust's payout ratio is presently -151.52%.

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.