Lighthouse Investment Partners LLC Purchases New Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Lighthouse Investment Partners LLC purchased a new stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 245,266 shares of the company's stock, valued at approximately $2,477,000. Lighthouse Investment Partners LLC owned 0.36% of KKR Real Estate Finance Trust at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KREF. Barclays PLC grew its stake in shares of KKR Real Estate Finance Trust by 311.8% in the 3rd quarter. Barclays PLC now owns 99,319 shares of the company's stock valued at $1,226,000 after buying an additional 75,200 shares in the last quarter. Legal & General Group Plc grew its position 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 worth $1,696,000 after acquiring an additional 3,539 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth $301,000. Wells Fargo & Company MN raised its holdings in shares of KKR Real Estate Finance Trust by 18.9% during the 4th quarter. Wells Fargo & Company MN now owns 158,669 shares of the company's stock valued at $1,603,000 after purchasing an additional 25,217 shares in the last quarter. Finally, Condor Capital Management raised its holdings in shares of KKR Real Estate Finance Trust by 70.2% during the 4th quarter. Condor Capital Management now owns 251,273 shares of the company's stock valued at $2,538,000 after purchasing an additional 103,654 shares in the last quarter. 70.23% of the stock is owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Price Performance

NYSE KREF traded down $0.10 on Monday, hitting $9.43. 74,884 shares of the company were exchanged, compared to its average volume of 501,135. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.28 and a 1-year high of $12.95. The firm has a 50 day moving average of $9.78 and a two-hundred day moving average of $10.54. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50. The company has a market cap of $639.07 million, a P/E ratio of 52.31 and a beta of 0.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.15) EPS 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 business had revenue of $31.34 million for the quarter, compared to analyst estimates of $34.77 million. On average, equities analysts predict that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.61%. The ex-dividend date of this dividend was Monday, March 31st. KKR Real Estate Finance Trust's dividend payout ratio is currently 625.00%.

Wall Street Analysts Forecast Growth

KREF has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered 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. JMP Securities cut their price objective on KKR Real Estate Finance Trust from $13.00 to $12.00 and set a "market outperform" rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their target price on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating for the company in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $11.88.

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.