XTX Topco Ltd Boosts Holdings in KKR Real Estate Finance Trust (NYSE:KREF)

XTX Topco Ltd boosted its stake in shares of KKR Real Estate Finance Trust (NYSE:KREF - Free Report) by 91.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,587 shares of the company's stock after purchasing an additional 29,344 shares during the period. XTX Topco Ltd owned approximately 0.09% of KKR Real Estate Finance Trust worth $665,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings 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 valued at $26,000 after acquiring an additional 2,389 shares during the period. GAMMA Investing LLC boosted its stake in KKR Real Estate Finance Trust by 2,508.7% in the 1st quarter. GAMMA Investing LLC now owns 5,400 shares of the company's stock worth $58,000 after purchasing an additional 5,193 shares during the period. KLP Kapitalforvaltning AS acquired a new position in KKR Real Estate Finance Trust in the 4th quarter valued at approximately $96,000. Caxton Associates LP acquired a new position in KKR Real Estate Finance Trust in the 4th quarter valued at approximately $110,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in KKR Real Estate Finance Trust in the 4th quarter valued at approximately $119,000. Hedge funds and other institutional investors own 70.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $12.00 price objective on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 20th. Wall Street Zen cut shares of KKR Real Estate Finance Trust from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $11.95.

KKR Real Estate Finance Trust Stock Down 0.8%

Shares of KREF traded down $0.07 during trading hours on Friday, reaching $9.21. The stock had a trading volume of 165,024 shares, compared to its average volume of 594,924. 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 50-day simple moving average of $9.11 and a 200 day simple moving average of $9.76. The company has a current ratio of 440.20, a quick ratio of 440.20 and a debt-to-equity ratio of 3.81. The company has a market capitalization of $604.65 million, a price-to-earnings ratio of -13.95 and a beta of 0.92.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last announced 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 negative net margin of 4.43% and a positive return on equity of 1.61%. The business had revenue of $35.75 million for the quarter, compared to analysts' expectations of $32.55 million. Equities research analysts predict that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend was Monday, June 30th. KKR Real Estate Finance Trust's dividend payout ratio is -151.52%.

KKR Real Estate Finance Trust 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.