Westbourne Investments Inc. Takes $395,000 Position in KKR Real Estate Finance Trust $KREF

Key Points

• Westbourne Investments Inc. acquired a new stake in KKR Real Estate Finance Trust, purchasing 36,600 shares valued at approximately $395,000, representing about 0.05% of the company's stock.
• Institutional investors own around 70.23% of KKR Real Estate Finance Trust, with notable acquisitions by Farther Finance Advisors and GAMMA Investing, among others.
• KKR Real Estate Finance Trust's shares currently have a consensus rating of "Moderate Buy", with an average price target set at $11.95 despite recently reporting a larger-than-expected loss per share.

Westbourne Investments Inc. bought a new position in shares of KKR Real Estate Finance Trust (NYSE:KREF - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 36,600 shares of the company's stock, valued at approximately $395,000. Westbourne Investments Inc. owned 0.05% of KKR Real Estate Finance Trust as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of KREF. Graham Capital Management L.P. lifted its position in KKR Real Estate Finance Trust by 72.4% during the first quarter. Graham Capital Management L.P. now owns 77,063 shares of the company's stock worth $832,000 after acquiring an additional 32,374 shares during the last quarter. Nuveen LLC bought a new position in shares of KKR Real Estate Finance Trust during the first quarter worth approximately $2,241,000. Rhino Investment Partners Inc increased its stake in shares of KKR Real Estate Finance Trust by 207.7% during the first quarter. Rhino Investment Partners Inc now owns 296,668 shares of the company's stock worth $3,204,000 after purchasing an additional 200,244 shares during the period. Northern Trust Corp lifted its holdings in KKR Real Estate Finance Trust by 21.7% during the 4th quarter. Northern Trust Corp now owns 690,826 shares of the company's stock worth $6,977,000 after purchasing an additional 123,312 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in KKR Real Estate Finance Trust by 9,954.2% in the 1st quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company's stock valued at $26,000 after purchasing an additional 2,389 shares during the period. Institutional investors and hedge funds own 70.23% of the company's stock.

KKR Real Estate Finance Trust Price Performance

KKR Real Estate Finance Trust stock traded down $0.11 during mid-day trading on Monday, reaching $9.49. 184,277 shares of the company were exchanged, compared to its average volume of 583,306. The firm has a market cap of $622.97 million, a PE ratio of -14.37 and a beta of 0.91. The company has a debt-to-equity ratio of 3.81, a current ratio of 440.20 and a quick ratio of 440.20. The company has a fifty day simple moving average of $9.30 and a 200-day simple moving average of $9.50. KKR Real Estate Finance Trust has a 12 month low of $8.28 and a 12 month high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported ($0.53) earnings per share (EPS) 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. As a group, equities research analysts expect that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.25 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 10.5%. KKR Real Estate Finance Trust's payout ratio is presently -151.52%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KREF shares. JMP Securities reiterated a "market outperform" rating and set a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. Wall Street Zen upgraded shares of KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $11.95.

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.