KKR Real Estate Finance Trust (NYSE:KREF) Shares Purchased by Y Intercept Hong Kong Ltd

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 grew its position in shares of KKR Real Estate Finance Trust (NYSE:KREF - Free Report) by 185.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,925 shares of the company's stock after buying 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP acquired a new stake in shares of KKR Real Estate Finance Trust in the 4th quarter valued at $5,350,000. Price T Rowe Associates Inc. MD lifted its position in shares of KKR Real Estate Finance Trust by 2,400.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 477,633 shares of the company's stock valued at $4,825,000 after acquiring an additional 458,530 shares during the period. Balyasny Asset Management L.P. boosted its holdings in KKR Real Estate Finance Trust by 116.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company's stock worth $8,531,000 after acquiring an additional 454,517 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at $2,477,000. Finally, Raymond James Financial Inc. bought a new stake in KKR Real Estate Finance Trust during the 4th quarter worth approximately $1,835,000. Institutional investors and hedge funds own 70.23% of the company's stock.

KKR Real Estate Finance Trust Stock Performance

NYSE KREF traded down $0.20 on Wednesday, reaching $9.06. 183,836 shares of the stock were exchanged, compared to its average volume of 596,686. 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 one year low of $8.28 and a one year high of $12.95. The firm has a market capitalization of $594.73 million, a PE ratio of -13.72 and a beta of 0.91. The company's 50-day simple moving average is $9.09 and its two-hundred day simple moving average is $9.82.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported ($0.53) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $35.75 million for the quarter, compared to analysts' expectations of $32.55 million. Analysts expect that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.25 per share. 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 -151.52%.

Analyst Ratings Changes

A number of research analysts have weighed in on KREF shares. Keefe, Bruyette & Woods cut 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 note on Monday, April 7th. JMP Securities reissued 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 raised KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a report on Saturday. Finally, JPMorgan Chase & Co. decreased their price target on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, KKR Real Estate Finance Trust has a consensus 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.