Wellington Management Group LLP acquired a new stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Squarepoint Ops LLC purchased a new position in KKR Real Estate Finance Trust in the fourth quarter valued at $199,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of KKR Real Estate Finance Trust in the 4th quarter valued at approximately $119,000. ProShare Advisors LLC increased its position in shares of KKR Real Estate Finance Trust by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 17,710 shares of the company's stock valued at $179,000 after purchasing an additional 5,457 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of KKR Real Estate Finance Trust by 2.0% in the 4th quarter. Nuveen Asset Management LLC now owns 214,950 shares of the company's stock valued at $2,171,000 after purchasing an additional 4,294 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of KKR Real Estate Finance Trust by 40.6% in the 4th quarter. Millennium Management LLC now owns 280,650 shares of the company's stock valued at $2,835,000 after purchasing an additional 81,028 shares during 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 have commented on KREF shares. JMP Securities reissued a "market outperform" rating and issued a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. 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 on the stock. in a research report on Monday, April 7th. 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 on the stock in a research report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, KKR Real Estate Finance Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.88.
Get Our Latest Stock Analysis on KREF
KKR Real Estate Finance Trust Stock Up 1.9%
Shares of NYSE KREF traded up $0.18 during mid-day trading on Friday, reaching $9.20. The company had a trading volume of 421,859 shares, compared to its average volume of 516,010. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50. The firm has a 50 day simple moving average of $9.17 and a two-hundred day simple moving average of $10.28. The stock has a market cap of $623.48 million, a P/E ratio of 51.08 and a beta of 0.92. KKR Real Estate Finance Trust Inc. has a 52-week low of $8.28 and a 52-week high of $12.95.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued 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 business had revenue of $31.34 million for the quarter, compared to analyst estimates of $34.77 million. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. Sell-side analysts predict that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current year.
KKR Real Estate Finance Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.88%. The ex-dividend date of this dividend was Monday, March 31st. KKR Real Estate Finance Trust's dividend payout ratio is currently 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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