Wellington Management Group LLP Increases Position in KKR Real Estate Finance Trust $KREF

Key Points

• Wellington Management Group LLP increased its stake in KKR Real Estate Finance Trust (KREF) by 5.9%, owning approximately 560,847 shares valued at about $6.06 million.
• The company recently reported an EPS of ($0.53), falling short of analysts' expectations by ($0.37), while its revenue for the quarter was $35.75 million.
• KKR Real Estate Finance Trust declared a quarterly dividend of $0.25, resulting in an annualized yield of 10.5% despite a negative dividend payout ratio of -151.52%.

Wellington Management Group LLP lifted its holdings in KKR Real Estate Finance Trust (NYSE:KREF - Free Report) by 5.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 560,847 shares of the company's stock after acquiring an additional 31,097 shares during the period. Wellington Management Group LLP owned 0.83% of KKR Real Estate Finance Trust worth $6,057,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of KKR Real Estate Finance Trust by 10.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,045,773 shares of the company's stock worth $10,562,000 after acquiring an additional 95,540 shares during the period. Balyasny Asset Management L.P. boosted its stake 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 valued at $8,531,000 after buying an additional 454,517 shares during the last quarter. Northern Trust Corp boosted its stake in KKR Real Estate Finance Trust by 21.7% during 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in KKR Real Estate Finance Trust by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 666,973 shares of the company's stock valued at $7,203,000 after buying an additional 29,112 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in KKR Real Estate Finance Trust by 2,400.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 477,633 shares of the company's stock valued at $4,825,000 after buying an additional 458,530 shares during the last quarter. Institutional investors own 70.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wall Street Zen lowered KKR Real Estate Finance Trust from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. JMP Securities reiterated a "market outperform" rating and issued a $12.00 price target on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.95.

KKR Real Estate Finance Trust Trading Up 1.3%

KREF traded up $0.13 during trading on Friday, hitting $9.63. 353,769 shares of the stock were exchanged, compared to its average volume of 478,266. The firm has a 50 day simple moving average of $9.16 and a 200 day simple moving average of $9.61. The firm has a market cap of $632.17 million, a price-to-earnings ratio of -14.58 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 company has a debt-to-equity ratio of 3.81, a quick ratio of 440.20 and a current ratio of 440.20.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.37). The firm had revenue of $35.75 million for the quarter, compared to analysts' expectations of $32.55 million. KKR Real Estate Finance Trust had a positive return on equity of 1.61% and a negative net margin of 4.43%. As a group, equities analysts expect that KKR Real Estate Finance Trust will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.4%. The ex-dividend date was Monday, June 30th. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently -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.