Price T Rowe Associates Inc. MD lifted its holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 2,400.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 477,633 shares of the company's stock after purchasing an additional 458,530 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.70% of KKR Real Estate Finance Trust worth $4,825,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the business. Wellington Management Group LLP bought a new position in KKR Real Estate Finance Trust in the 4th quarter valued at about $5,350,000. Raymond James Financial Inc. acquired a new stake in shares of KKR Real Estate Finance Trust in the 4th quarter worth approximately $1,835,000. JPMorgan Chase & Co. boosted its holdings in shares of KKR Real Estate Finance Trust by 31.7% in the fourth quarter. JPMorgan Chase & Co. now owns 728,875 shares of the company's stock valued at $7,362,000 after acquiring an additional 175,603 shares in the last quarter. Prevail Innovative Wealth Advisors LLC increased its stake in shares of KKR Real Estate Finance Trust by 710.2% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 153,391 shares of the company's stock valued at $1,549,000 after acquiring an additional 134,459 shares during the period. Finally, Condor Capital Management raised 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 purchasing an additional 103,654 shares in the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on KREF shares. JMP Securities decreased their price target on KKR Real Estate Finance Trust from $13.00 to $12.00 and set a "market outperform" rating for the company in a research note on Thursday, April 24th. Keefe, Bruyette & Woods cut KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 target price for the company. in a research note 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $11.88.
Read Our Latest Research Report on KREF
KKR Real Estate Finance Trust Stock Down 0.2 %
Shares of KKR Real Estate Finance Trust stock traded down $0.02 during midday trading on Friday, hitting $9.20. The company's stock had a trading volume of 498,625 shares, compared to its average volume of 501,517. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.28 and a 1-year high of $12.95. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50. The firm has a market capitalization of $623.82 million, a P/E ratio of 51.11 and a beta of 0.95. The stock has a 50-day simple moving average of $9.91 and a 200-day simple moving average of $10.62.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.32). The business had revenue of $31.34 million for the quarter, compared to analyst estimates of $34.77 million. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. As a group, sell-side analysts expect that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current year.
KKR Real Estate Finance Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 10.87%. KKR Real Estate Finance Trust's dividend payout ratio is presently 625.00%.
KKR Real Estate Finance Trust Profile
(
Free Report)
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.
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