KKR Real Estate Finance Trust $KREF Shares Purchased by Graham Capital Management L.P.

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. increased its holdings in shares of KKR Real Estate Finance Trust (NYSE:KREF - Free Report) by 72.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 77,063 shares of the company's stock after acquiring an additional 32,374 shares during the period. Graham Capital Management L.P. owned approximately 0.11% of KKR Real Estate Finance Trust worth $832,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Trust Advisors LP purchased a new position in KKR Real Estate Finance Trust during the fourth quarter worth approximately $129,000. Stifel Financial Corp raised its stake in shares of KKR Real Estate Finance Trust by 18.4% during the 4th quarter. Stifel Financial Corp now owns 137,500 shares of the company's stock worth $1,389,000 after buying an additional 21,387 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of 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 valued at $424,000 after buying an additional 2,051 shares in the last quarter. Northern Trust Corp grew its stake in KKR Real Estate Finance Trust by 21.7% in the 4th quarter. Northern Trust Corp now owns 690,826 shares of the company's stock valued at $6,977,000 after acquiring an additional 123,312 shares during the period. Finally, Algert Global LLC grew its stake in KKR Real Estate Finance Trust by 8.6% in the 4th quarter. Algert Global LLC now owns 180,676 shares of the company's stock valued at $1,825,000 after acquiring an additional 14,303 shares during the period. Hedge funds and other institutional investors own 70.23% of the company's stock.

Wall Street Analyst Weigh In

KREF has been the subject of a number of research analyst reports. JMP Securities restated a "market outperform" rating and set a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. Wall Street Zen raised shares of KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $11.95.

KKR Real Estate Finance Trust Price Performance

KREF stock traded up $0.04 during midday trading on Wednesday, reaching $9.81. The stock had a trading volume of 682,006 shares, compared to its average volume of 469,970. KKR Real Estate Finance Trust has a 52-week low of $8.28 and a 52-week high of $12.95. The company has a current ratio of 440.20, a quick ratio of 440.20 and a debt-to-equity ratio of 3.81. The company's fifty day simple moving average is $9.27 and its 200 day simple moving average is $9.55. The company has a market cap of $643.99 million, a price-to-earnings ratio of -14.86 and a beta of 0.91.

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

KKR Real Estate Finance Trust Company 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.