36,600 Shares in KKR Real Estate Finance Trust $KREF Purchased by Westbourne Investments Inc.

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) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,600 shares of the company's stock, valued at approximately $395,000. Westbourne Investments Inc. owned approximately 0.05% of KKR Real Estate Finance Trust at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Wedbush Securities Inc. lifted its position in shares of KKR Real Estate Finance Trust by 1.5% during the first quarter. Wedbush Securities Inc. now owns 80,386 shares of the company's stock worth $868,000 after acquiring an additional 1,199 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of KKR Real Estate Finance Trust by 15.4% during the first quarter. Teacher Retirement System of Texas now owns 14,980 shares of the company's stock worth $162,000 after acquiring an additional 2,002 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of KKR Real Estate Finance Trust by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 41,975 shares of the company's stock worth $424,000 after acquiring an additional 2,051 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of KKR Real Estate Finance Trust by 9,954.2% during the first quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company's stock worth $26,000 after acquiring an additional 2,389 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of KKR Real Estate Finance Trust during the first quarter worth $28,000. Hedge funds and other institutional investors own 70.23% of the company's stock.

KKR Real Estate Finance Trust Trading Down 1.1%

NYSE KREF traded down $0.11 during trading on Friday, hitting $9.61. 505,271 shares of the company's stock traded hands, compared to its average volume of 498,243. The stock has a fifty day moving average of $9.30 and a two-hundred day moving average of $9.53. The company has a debt-to-equity ratio of 3.81, a current ratio of 440.20 and a quick ratio of 440.20. KKR Real Estate Finance Trust has a 12-month low of $8.28 and a 12-month high of $12.95. The firm has a market cap of $630.86 million, a P/E ratio of -14.55 and a beta of 0.91.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly 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). The business had revenue of $35.75 million for the quarter, compared to analysts' expectations of $32.55 million. KKR Real Estate Finance Trust had a negative net margin of 4.43% and a positive return on equity of 1.61%. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date is Tuesday, September 30th. KKR Real Estate Finance Trust's dividend payout ratio is currently -151.52%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KREF. Wall Street Zen upgraded KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. JMP Securities reaffirmed 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.