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

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP purchased a new position in KKR Real Estate Finance Trust during the 4th quarter valued at about $5,350,000. Price T Rowe Associates Inc. MD increased its holdings in 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 acquiring an additional 458,530 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in KKR Real Estate Finance Trust by 116.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company's stock valued at $8,531,000 after acquiring an additional 454,517 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in KKR Real Estate Finance Trust during the 4th quarter valued at about $2,477,000. Finally, Nuveen LLC purchased a new position in KKR Real Estate Finance Trust during the 1st quarter valued at about $2,241,000. Hedge funds and other institutional investors own 70.23% of the company's stock.

KKR Real Estate Finance Trust Trading Up 0.2%

Shares of KREF traded up $0.02 during mid-day trading on Tuesday, hitting $9.48. The company had a trading volume of 337,066 shares, compared to its average volume of 537,780. The business's 50-day simple moving average is $9.14 and its 200-day simple moving average is $9.65. The company has a quick ratio of 440.20, a current ratio of 440.20 and a debt-to-equity ratio of 3.81. KKR Real Estate Finance Trust has a 1-year low of $8.28 and a 1-year high of $12.95. The stock has a market cap of $622.32 million, a PE ratio of -14.36 and a beta of 0.92.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its 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). 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 analyst estimates of $32.55 million. Sell-side 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 business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 10.6%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is currently -151.52%.

Wall Street Analysts Forecast Growth

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