Public Sector Pension Investment Board Grows Stock Position in KKR Real Estate Finance Trust $KREF

Key Points

• The Public Sector Pension Investment Board increased its ownership in KKR Real Estate Finance Trust by 25.5%, holding approximately $1.98 million in the company's stock.
• KKR Real Estate Finance Trust reported a quarterly loss of ($0.53) EPS, significantly missing analyst expectations, but beat revenue estimates with $35.75 million for the quarter.
• The company declared a quarterly dividend of $0.25 per share, resulting in a high 10.7% yield, despite a negative dividend payout ratio of -151.52%.

Public Sector Pension Investment Board boosted its stake in KKR Real Estate Finance Trust (NYSE:KREF - Free Report) by 25.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,023 shares of the company's stock after acquiring an additional 37,191 shares during the quarter. Public Sector Pension Investment Board owned about 0.27% of KKR Real Estate Finance Trust worth $1,977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KREF. Farther Finance Advisors LLC boosted its holdings in KKR Real Estate Finance Trust by 9,954.2% in the 1st 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 during the period. GAMMA Investing LLC boosted its holdings in KKR Real Estate Finance Trust by 2,508.7% in the 1st quarter. GAMMA Investing LLC now owns 5,400 shares of the company's stock worth $58,000 after acquiring an additional 5,193 shares during the period. Caxton Associates LP purchased a new position in KKR Real Estate Finance Trust in the 4th quarter worth approximately $110,000. Sherbrooke Park Advisers LLC purchased a new position in KKR Real Estate Finance Trust in the 4th quarter worth approximately $119,000. Finally, First Trust Advisors LP purchased a new position in KKR Real Estate Finance Trust in the 4th quarter worth approximately $129,000. Hedge funds and other institutional investors own 70.23% of the company's stock.

KKR Real Estate Finance Trust Stock Performance

KREF stock opened at $9.3250 on Thursday. 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 firm has a market cap of $612.47 million, a P/E ratio of -14.13 and a beta of 0.92. KKR Real Estate Finance Trust has a 12-month low of $8.28 and a 12-month high of $12.95. The stock's 50 day simple moving average is $9.13 and its 200 day simple moving average is $9.70.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.37). The firm had revenue of $35.75 million for 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, equities research analysts predict that KKR Real Estate Finance Trust will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend was Monday, June 30th. KKR Real Estate Finance Trust's dividend payout ratio is currently -151.52%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wall Street Zen cut KKR Real Estate Finance Trust from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. JMP Securities reiterated a "market outperform" rating and set a $12.00 target price on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 20th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $11.95.

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.

Want to see what other hedge funds are holding KREF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR Real Estate Finance Trust (NYSE:KREF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.