Northern Trust Corp Buys 123,312 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Northern Trust Corp increased its holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 21.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 690,826 shares of the company's stock after buying an additional 123,312 shares during the quarter. Northern Trust Corp owned about 1.01% of KKR Real Estate Finance Trust worth $6,977,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KREF. Wellington Management Group LLP bought a new stake in KKR Real Estate Finance Trust in the 4th quarter worth about $5,350,000. Price T Rowe Associates Inc. MD grew its stake in shares of 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 purchasing an additional 458,530 shares during the period. Raymond James Financial Inc. bought a new stake in shares of KKR Real Estate Finance Trust during the 4th quarter valued at about $1,835,000. JPMorgan Chase & Co. grew its stake in shares of KKR Real Estate Finance Trust by 31.7% during the 4th quarter. JPMorgan Chase & Co. now owns 728,875 shares of the company's stock valued at $7,362,000 after purchasing an additional 175,603 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC grew its stake in shares of KKR Real Estate Finance Trust by 710.2% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 153,391 shares of the company's stock valued at $1,549,000 after purchasing an additional 134,459 shares during the period. 70.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KREF. JPMorgan Chase & Co. cut their price target on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. JMP Securities reaffirmed 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. Finally, Keefe, Bruyette & Woods cut KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 price objective on the stock. in a research report on Monday, April 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, KKR Real Estate Finance Trust has an average rating of "Moderate Buy" and a consensus target price of $11.88.

KKR Real Estate Finance Trust Price Performance

NYSE KREF traded up $0.12 during trading hours on Friday, reaching $9.00. The company's stock had a trading volume of 473,670 shares, compared to its average volume of 506,166. The firm's 50-day moving average price is $9.59 and its 200-day moving average price is $10.44. 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 1 year low of $8.28 and a 1 year high of $12.95. The company has a market capitalization of $609.91 million, a price-to-earnings ratio of 49.97 and a beta of 0.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted 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). 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 during the quarter, compared to analysts' expectations of $34.77 million. On average, equities research 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 11.12%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is 625.00%.

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.