Stephens Inc. AR Has $3.89 Million Stock Position in KKR Real Estate Finance Trust $KREF

Key Points

• Stephens Inc. AR reduced its stake in KKR Real Estate Finance Trust by 6.3% in Q2, holding 443,858 shares valued at approximately $3.89 million.
• KKR Real Estate Finance Trust reported a loss of ($0.53) EPS, missing estimates, while experiencing a negative net margin of 4.43% in its latest earnings report.
• The company announced a quarterly dividend of $0.25 per share, representing an annualized yield of 11.5%, despite a payout ratio of -151.52%.

Stephens Inc. AR trimmed its position in KKR Real Estate Finance Trust (NYSE:KREF - Free Report) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 443,858 shares of the company's stock after selling 29,769 shares during the quarter. Stephens Inc. AR owned approximately 0.68% of KKR Real Estate Finance Trust worth $3,893,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of KKR Real Estate Finance Trust by 9,954.2% in the first quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company's stock worth $26,000 after buying an additional 2,389 shares during the period. Quarry LP acquired a new position in shares of KKR Real Estate Finance Trust in the first quarter worth about $28,000. GAMMA Investing LLC boosted its holdings in shares of KKR Real Estate Finance Trust by 2,508.7% in the first quarter. GAMMA Investing LLC now owns 5,400 shares of the company's stock worth $58,000 after buying an additional 5,193 shares during the period. Acadian Asset Management LLC acquired a new position in shares of KKR Real Estate Finance Trust in the first quarter worth about $66,000. Finally, Strs Ohio acquired a new stake in shares of KKR Real Estate Finance Trust during the first quarter worth approximately $123,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Price Performance

NYSE KREF opened at $8.72 on Wednesday. The company has a quick ratio of 440.20, a current ratio of 440.20 and a debt-to-equity ratio of 3.81. The stock has a market capitalization of $572.56 million, a PE ratio of -13.21 and a beta of 0.89. The company has a 50 day moving average price of $9.24 and a two-hundred day moving average price of $9.16. KKR Real Estate Finance Trust has a 12-month low of $8.27 and a 12-month high of $12.33.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported ($0.53) earnings per share (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, equities 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.25 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 11.5%. KKR Real Estate Finance Trust's payout ratio is -151.52%.

Analysts Set New Price Targets

Several research firms recently commented on KREF. Wall Street Zen upgraded shares of KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Weiss Ratings restated a "sell (d)" rating on shares of KKR Real Estate Finance Trust in a report on Wednesday, October 8th. Zacks Research upgraded shares of KKR Real Estate Finance Trust from a "strong sell" rating to a "hold" rating in a report on Monday, September 29th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $9.00 price target (down from $9.50) on shares of KKR Real Estate Finance Trust in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $11.31.

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.

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