Y Intercept Hong Kong Ltd Boosts Position in KKR Real Estate Finance Trust (NYSE:KREF)

Key Points

• Y Intercept Hong Kong Ltd significantly increased its holdings in KKR Real Estate Finance Trust by 185.0%, acquiring an additional 29,161 shares during the first quarter, bringing its total ownership to 44,925 shares valued at approximately $485,000.
• KKR Real Estate Finance Trust recently reported an EPS of -$0.53 for the last quarter, missing estimates by $0.37, while generating revenues of $35.75 million, surpassing expectations.
• The company announced a quarterly dividend of $0.25 per share, which equates to an annual yield of 10.88%, though its dividend payout ratio stands at -151.52%.

Y Intercept Hong Kong Ltd raised its position in shares of KKR Real Estate Finance Trust (NYSE:KREF - Free Report) by 185.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,925 shares of the company's stock after acquiring an additional 29,161 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.07% of KKR Real Estate Finance Trust worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas boosted its stake 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 valued at $162,000 after purchasing an additional 2,002 shares during the period. The Manufacturers Life Insurance Company boosted its stake 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 valued at $424,000 after purchasing an additional 2,051 shares during the period. Farther Finance Advisors LLC boosted its stake 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 purchasing an additional 2,389 shares during the period. Legal & General Group Plc boosted its stake in shares of KKR Real Estate Finance Trust by 2.2% during the fourth quarter. Legal & General Group Plc now owns 167,955 shares of the company's stock valued at $1,696,000 after purchasing an additional 3,539 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of KKR Real Estate Finance Trust by 1.4% during the first quarter. Principal Financial Group Inc. now owns 287,754 shares of the company's stock valued at $3,108,000 after purchasing an additional 3,857 shares during the period. Institutional investors own 70.23% of the company's stock.

KKR Real Estate Finance Trust Stock Performance

KKR Real Estate Finance Trust stock traded down $0.02 during mid-day trading on Thursday, hitting $9.06. The company had a trading volume of 131,240 shares, compared to its average volume of 596,511. The company has a current ratio of 440.20, a quick ratio of 440.20 and a debt-to-equity ratio of 3.81. KKR Real Estate Finance Trust has a 12-month low of $8.28 and a 12-month high of $12.95. The company's fifty day moving average is $9.09 and its 200-day moving average is $9.81. The company has a market capitalization of $594.70 million, a price-to-earnings ratio of -13.72 and a beta of 0.91.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.37). The company had revenue of $35.75 million for the quarter, compared to analysts' expectations of $32.55 million. KKR Real Estate Finance Trust had a positive return on equity of 1.61% and a negative net margin of 4.43%. Equities research analysts predict that KKR Real Estate Finance Trust will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 11.04%. KKR Real Estate Finance Trust's payout ratio is currently -151.52%.

Analysts Set New Price Targets

KREF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered 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. Wall Street Zen raised shares of KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. 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 for the company. in a research note on Monday, April 7th. Finally, JMP Securities reissued a "market outperform" rating and set a $12.00 price target on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $11.95.

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.