Marshall Wace LLP Takes $381,000 Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Marshall Wace LLP purchased a new stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,696 shares of the company's stock, valued at approximately $381,000. Marshall Wace LLP owned 0.05% of KKR Real Estate Finance Trust at the end of the most recent quarter.

Several other large investors have also modified their holdings of KREF. KLP Kapitalforvaltning AS bought a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at $96,000. Y Intercept Hong Kong Ltd bought a new stake in shares of KKR Real Estate Finance Trust in the 4th quarter valued at about $159,000. Dynamic Technology Lab Private Ltd purchased a new stake in KKR Real Estate Finance Trust during the fourth quarter valued at approximately $182,000. Renaissance Technologies LLC acquired a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at approximately $213,000. Finally, Fox Run Management L.L.C. grew its holdings in KKR Real Estate Finance Trust by 35.5% in the fourth 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 last quarter. Institutional investors own 70.23% of the company's stock.

KKR Real Estate Finance Trust Trading Down 0.9 %

Shares of KREF stock traded down $0.08 during trading hours on Friday, hitting $9.14. The company had a trading volume of 117,552 shares, compared to its average volume of 498,611. The stock has a market capitalization of $619.75 million, a PE ratio of 50.78 and a beta of 0.95. The company has a debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 296.16. KKR Real Estate Finance Trust Inc. has a fifty-two week low of $8.28 and a fifty-two week high of $12.95. The company's fifty day moving average is $9.94 and its 200 day moving average is $10.65.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.15) EPS 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 net margin of 6.30% and a return on equity of 8.53%. Research 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 10.94%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently 625.00%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. JMP Securities reduced their price objective 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. Finally, Keefe, Bruyette & Woods lowered 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.