Stephens Inc. AR decreased its holdings in KKR Real Estate Finance Trust (NYSE:KREF - Free Report) by 16.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 473,627 shares of the company's stock after selling 92,408 shares during the quarter. Stephens Inc. AR owned 0.70% of KKR Real Estate Finance Trust worth $5,115,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in KREF. Farther Finance Advisors LLC increased its stake 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 valued at $26,000 after buying an additional 2,389 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 buying an additional 5,193 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of KKR Real Estate Finance Trust in the 4th quarter worth about $96,000. Caxton Associates LP acquired a new position in KKR Real Estate Finance Trust in the 4th quarter valued at about $110,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in KKR Real Estate Finance Trust in the 4th quarter valued at about $119,000. Hedge funds and other institutional investors own 70.23% of the company's stock.
Analyst Ratings Changes
KREF has been the subject of several analyst reports. Keefe, Bruyette & Woods downgraded shares of KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 target price for the company. in a research note on Monday, April 7th. JMP Securities reissued a "market outperform" rating and set a $12.00 target price on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $11.88.
Check Out Our Latest Report on KKR Real Estate Finance Trust
KKR Real Estate Finance Trust Stock Down 1.0%
NYSE KREF traded down $0.09 on Thursday, reaching $9.01. The company had a trading volume of 516,237 shares, compared to its average volume of 548,490. The firm has a market capitalization of $611.10 million, a PE ratio of 56.33 and a beta of 0.91. KKR Real Estate Finance Trust has a 1 year low of $8.28 and a 1 year high of $12.95. The firm has a 50-day moving average of $9.15 and a 200-day moving average of $9.88. The company has a debt-to-equity ratio of 3.77, a current ratio of 413.32 and a quick ratio of 413.32.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.32). The company had revenue of $31.34 million during the quarter, compared to analysts' expectations of $34.77 million. KKR Real Estate Finance Trust had a return on equity of 5.90% and a net margin of 6.42%. On average, equities research analysts anticipate that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.
KKR Real Estate Finance Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.10%. The ex-dividend date was Monday, June 30th. KKR Real Estate Finance Trust's dividend payout ratio is presently 625.00%.
KKR Real Estate Finance Trust Profile
(
Free Report)
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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