Voya Investment Management LLC Purchases 66,344 Shares of KKR Real Estate Finance Trust $KREF

Key Points

• Voya Investment Management LLC increased its stake in KKR Real Estate Finance Trust by 25.4%, now owning approximately 327,746 shares valued at $3.54 million.
• KKR Real Estate Finance Trust has a dividend yield of 10.5%, with a recently declared quarterly dividend of $0.25 per share.
• Analysts have upgraded KKR Real Estate Finance Trust from a "sell" to a "hold" rating, with an average target price of $11.44 and three analysts rating it as a "Buy."

Voya Investment Management LLC increased its stake in shares of KKR Real Estate Finance Trust (NYSE:KREF - Free Report) by 25.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,746 shares of the company's stock after purchasing an additional 66,344 shares during the quarter. Voya Investment Management LLC owned approximately 0.48% of KKR Real Estate Finance Trust worth $3,540,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KREF. Farther Finance Advisors LLC increased its holdings in KKR Real Estate Finance Trust by 9,954.2% during the 1st quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company's stock worth $26,000 after purchasing an additional 2,389 shares in the last quarter. Quarry LP purchased a new position in KKR Real Estate Finance Trust in the first quarter valued at about $28,000. GAMMA Investing LLC increased its position in 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 last quarter. Acadian Asset Management LLC purchased a new stake in KKR Real Estate Finance Trust during the first quarter valued at about $66,000. Finally, Strs Ohio purchased a new position in KKR Real Estate Finance Trust in the 1st quarter valued at approximately $123,000. Institutional investors and hedge funds own 70.23% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $11.44.

KKR Real Estate Finance Trust Stock Down 1.6%

KREF stock opened at $9.51 on Friday. KKR Real Estate Finance Trust has a fifty-two week low of $8.28 and a fifty-two week high of $12.92. The company has a debt-to-equity ratio of 3.81, a quick ratio of 440.20 and a current ratio of 440.20. The firm has a market capitalization of $624.29 million, a price-to-earnings ratio of -14.40 and a beta of 0.91. The company's 50 day moving average price is $9.34 and its 200 day moving average price is $9.48.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported ($0.53) earnings per share 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 for the quarter, compared to analyst estimates of $32.55 million. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.5%. The ex-dividend date of this dividend is Tuesday, September 30th. KKR Real Estate Finance Trust's payout ratio is currently -151.52%.

About KKR Real Estate Finance Trust

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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