KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 49.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,025 shares of the company's stock after selling 56,753 shares during the quarter. Two Sigma Investments LP owned 0.09% of KKR Real Estate Finance Trust worth $596,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of KREF. Geode Capital Management LLC lifted its position in KKR Real Estate Finance Trust by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,373,685 shares of the company's stock valued at $13,878,000 after purchasing an additional 18,535 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of KKR Real Estate Finance Trust by 10.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,045,773 shares of the company's stock valued at $10,562,000 after purchasing an additional 95,540 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in KKR Real Estate Finance Trust by 116.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company's stock worth $8,531,000 after buying an additional 454,517 shares in the last quarter. JPMorgan Chase & Co. grew its position in KKR Real Estate Finance Trust by 31.7% during the fourth quarter. JPMorgan Chase & Co. now owns 728,875 shares of the company's stock worth $7,362,000 after buying an additional 175,603 shares during the period. Finally, Northern Trust Corp increased its holdings in KKR Real Estate Finance Trust by 21.7% in the fourth quarter. Northern Trust Corp now owns 690,826 shares of the company's stock valued at $6,977,000 after buying an additional 123,312 shares in the last quarter. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Keefe, Bruyette & Woods lowered KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 target price on the stock. in a report on Monday, April 7th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $12.00 price target on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, KKR Real Estate Finance Trust has a consensus rating of "Moderate Buy" and a consensus target price of $11.88.

KKR Real Estate Finance Trust Price Performance

NYSE:KREF traded up $0.02 during trading hours on Thursday, reaching $9.52. 361,645 shares of the company traded hands, compared to its average volume of 515,599. The company has a debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 296.16. The firm's 50-day moving average is $9.12 and its 200-day moving average is $10.23. The stock has a market cap of $645.51 million, a P/E ratio of 52.89 and a beta of 0.92. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.28 and a 1-year high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.32). KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. The company had revenue of $31.34 million for the quarter, compared to analyst estimates of $34.77 million. Equities research analysts expect that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.25 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 10.50%. KKR Real Estate Finance Trust's payout ratio is 625.00%.

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.