Wellington Management Group LLP purchased a new position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 529,750 shares of the company's stock, valued at approximately $5,350,000. Wellington Management Group LLP owned approximately 0.77% of KKR Real Estate Finance Trust at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its holdings in shares of KKR Real Estate Finance Trust by 1.2% during the fourth quarter. Rhumbline Advisers now owns 175,092 shares of the company's stock valued at $1,768,000 after buying an additional 2,100 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of KKR Real Estate Finance Trust by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 283,897 shares of the company's stock valued at $2,867,000 after buying an additional 8,873 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at about $159,000. Illinois Municipal Retirement Fund increased its holdings in shares of KKR Real Estate Finance Trust by 6.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 31,711 shares of the company's stock valued at $320,000 after purchasing an additional 1,842 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of KKR Real Estate Finance Trust in the fourth quarter worth about $1,835,000. 70.23% of the stock is currently owned by hedge funds and other institutional investors.
KKR Real Estate Finance Trust Stock Performance
Shares of KREF traded up $0.03 during mid-day trading on Thursday, reaching $9.01. The company had a trading volume of 581,082 shares, compared to its average volume of 513,893. KKR Real Estate Finance Trust Inc. has a 52-week low of $8.28 and a 52-week high of $12.95. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50. The stock has a market capitalization of $610.59 million, a P/E ratio of 50.03 and a beta of 0.95. The stock has a 50 day moving average of $9.23 and a two-hundred day moving average of $10.31.
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 business had revenue of $31.34 million during the quarter, compared to analysts' expectations of $34.77 million. On average, analysts expect that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current year.
KKR Real Estate Finance Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 11.10%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently 625.00%.
Analyst Ratings Changes
A number of brokerages recently commented on KREF. JMP Securities reiterated a "market outperform" rating and issued a $12.00 target price on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. JPMorgan Chase & Co. dropped their price objective on shares of 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. Finally, Keefe, Bruyette & Woods lowered shares of KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 price objective on the stock. in a research note on Monday, April 7th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $11.88.
Read Our Latest Stock Analysis on KREF
About KKR Real Estate Finance Trust
(
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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