207,512 Shares in KKR Real Estate Finance Trust $KREF Purchased by Nuveen LLC

Key Points

• Nuveen LLC has invested approximately $2.24 million in KKR Real Estate Finance Trust, acquiring 207,512 shares during the first quarter.
• Analysts have mixed opinions on KKR Real Estate Finance Trust, with a consensus rating of "Moderate Buy" and a target price of $11.95, though Wall Street Zen recently downgraded the stock to "sell."
• The company reported a loss of $0.53 per share for the last quarter, missing expectations, despite revenue exceeding forecasts at $35.75 million.

Nuveen LLC bought a new stake in KKR Real Estate Finance Trust (NYSE:KREF - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 207,512 shares of the company's stock, valued at approximately $2,241,000. Nuveen LLC owned about 0.31% of KKR Real Estate Finance Trust at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Aigen Investment Management LP acquired a new position in shares of KKR Real Estate Finance Trust in the 1st quarter worth approximately $283,000. Condor Capital Management grew its stake in shares of KKR Real Estate Finance Trust by 7.5% in the first quarter. Condor Capital Management now owns 270,093 shares of the company's stock valued at $2,917,000 after buying an additional 18,820 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of KKR Real Estate Finance Trust by 4.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 666,973 shares of the company's stock valued at $7,203,000 after buying an additional 29,112 shares during the period. AXS Investments LLC raised its holdings in shares of KKR Real Estate Finance Trust by 8.4% in the 1st quarter. AXS Investments LLC now owns 164,623 shares of the company's stock valued at $1,778,000 after buying an additional 12,764 shares during the period. Finally, XTX Topco Ltd lifted its stake in KKR Real Estate Finance Trust by 91.0% during the 1st quarter. XTX Topco Ltd now owns 61,587 shares of the company's stock worth $665,000 after acquiring an additional 29,344 shares in the last quarter. 70.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on KREF. Wall Street Zen lowered shares of KKR Real Estate Finance Trust from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. JMP Securities restated a "market outperform" rating and issued a $12.00 price objective on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 20th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, KKR Real Estate Finance Trust presently has an average rating of "Moderate Buy" and an average target price of $11.95.

KKR Real Estate Finance Trust Stock Up 2.1%

KREF stock traded up $0.21 during midday trading on Thursday, reaching $9.76. 615,305 shares of the company were exchanged, compared to its average volume of 467,807. The stock's 50-day simple moving average is $9.20 and its 200 day simple moving average is $9.59. KKR Real Estate Finance Trust has a 1-year low of $8.28 and a 1-year high of $12.95. The company has a debt-to-equity ratio of 3.81, a quick ratio of 440.20 and a current ratio of 440.20. The company has a market cap of $640.71 million, a price-to-earnings ratio of -14.78 and a beta of 0.91.

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

KKR Real Estate Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.25 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 10.3%. KKR Real Estate Finance Trust's payout ratio is currently -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.