Invesco Ltd. Sells 590,283 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Invesco Ltd. lessened its holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 45.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 716,637 shares of the company's stock after selling 590,283 shares during the quarter. Invesco Ltd. owned approximately 1.04% of KKR Real Estate Finance Trust worth $7,238,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in KREF. KLP Kapitalforvaltning AS bought a new position in shares of KKR Real Estate Finance Trust during the fourth quarter valued at $96,000. Y Intercept Hong Kong Ltd acquired a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at approximately $159,000. Dynamic Technology Lab Private Ltd bought a new position in KKR Real Estate Finance Trust during the 4th quarter worth approximately $182,000. Fox Run Management L.L.C. lifted its position in shares of KKR Real Estate Finance Trust by 35.5% in the 4th quarter. Fox Run Management L.L.C. now owns 23,299 shares of the company's stock worth $235,000 after purchasing an additional 6,110 shares during the period. Finally, 1776 Wealth LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter worth $318,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented 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 price target on the stock. in a research report on Monday, April 7th. JMP Securities dropped their target price on KKR Real Estate Finance Trust from $13.00 to $12.00 and set a "market outperform" rating on the stock in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut 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 report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.88.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock traded up $0.09 on Wednesday, hitting $9.27. 611,984 shares of the stock were exchanged, compared to its average volume of 503,036. KKR Real Estate Finance Trust Inc. has a one year low of $8.28 and a one year high of $12.95. The firm's 50 day moving average is $10.17 and its two-hundred day moving average is $10.76. The firm has a market capitalization of $628.56 million, a PE ratio of 51.50 and a beta of 0.88. 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 posted its earnings results on Wednesday, April 23rd. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.32). The business had revenue of $31.34 million during the quarter, compared to analysts' expectations of $34.77 million. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. Sell-side analysts expect that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share 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. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 10.79%. KKR Real Estate Finance Trust's dividend payout ratio is currently 625.00%.

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.