Graham Capital Management L.P. Takes Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Graham Capital Management L.P. acquired a new stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,689 shares of the company's stock, valued at approximately $451,000. Graham Capital Management L.P. owned 0.07% of KKR Real Estate Finance Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in KKR Real Estate Finance Trust by 2.2% in 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 last quarter. Dark Forest Capital Management LP acquired a new position in shares of KKR Real Estate Finance Trust in the 4th quarter valued at about $301,000. Wells Fargo & Company MN boosted its stake in shares of KKR Real Estate Finance Trust by 18.9% in the fourth quarter. Wells Fargo & Company MN now owns 158,669 shares of the company's stock worth $1,603,000 after buying an additional 25,217 shares during the last quarter. Condor Capital Management grew its holdings in KKR Real Estate Finance Trust by 70.2% during the fourth quarter. Condor Capital Management now owns 251,273 shares of the company's stock worth $2,538,000 after acquiring an additional 103,654 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in KKR Real Estate Finance Trust by 2,400.3% during the fourth 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 in the last quarter. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Price Performance

KREF traded down $0.09 during trading on Thursday, hitting $8.76. The company's stock had a trading volume of 305,854 shares, compared to its average volume of 521,474. The firm has a market capitalization of $593.64 million, a price-to-earnings ratio of 48.64 and a beta of 0.95. KKR Real Estate Finance Trust Inc. has a twelve month low of $8.28 and a twelve month high of $12.95. The business's fifty day simple moving average is $9.68 and its 200 day simple moving average is $10.50. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.32). The company had revenue of $31.34 million during the quarter, compared to analyst estimates of $34.77 million. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. On average, equities research analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 11.42%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is 625.00%.

Analyst Ratings Changes

KREF has been the topic of several recent research reports. JMP Securities restated a "market outperform" rating and issued a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research report on Tuesday. Keefe, Bruyette & Woods downgraded shares of KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 price target on the stock. in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, KKR Real Estate Finance Trust has an average rating of "Moderate Buy" and an average target price of $11.88.

About KKR Real Estate Finance Trust

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.