Lighthouse Investment Partners LLC purchased a new position in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 245,266 shares of the company's stock, valued at approximately $2,477,000. Lighthouse Investment Partners LLC owned approximately 0.36% of KKR Real Estate Finance Trust 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. KLP Kapitalforvaltning AS bought a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter valued at approximately $96,000. Caxton Associates LP bought a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter valued at approximately $110,000. First Trust Advisors LP bought a new stake in KKR Real Estate Finance Trust during the fourth quarter worth approximately $129,000. Y Intercept Hong Kong Ltd bought a new stake in KKR Real Estate Finance Trust during the fourth quarter worth approximately $159,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in KKR Real Estate Finance Trust during the fourth quarter worth approximately $182,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.
KKR Real Estate Finance Trust Stock Performance
Shares of KREF traded down $0.02 during trading hours on Friday, reaching $9.52. 427,439 shares of the company traded hands, compared to its average volume of 502,816. The stock's fifty day moving average is $9.78 and its 200 day moving average is $10.55. The stock has a market cap of $645.51 million, a P/E ratio of 52.89 and a beta of 0.95. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.28 and a 1-year high of $12.95.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings data 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). KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. The firm had revenue of $31.34 million for the quarter, compared to the consensus estimate of $34.77 million. Equities research analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current fiscal year.
KKR Real Estate Finance Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 10.50%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently 625.00%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. 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 on the stock. in a report on Monday, April 7th. JPMorgan Chase & Co. dropped their target price on 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. Finally, 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.88.
Get Our Latest Analysis on KREF
About KKR Real Estate Finance Trust
(
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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