214,479 Shares in KKR Real Estate Finance Trust Inc. (NYSE:KREF) Bought by Significant Wealth Partners LLC

Significant Wealth Partners LLC bought a new stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 214,479 shares of the company's stock, valued at approximately $2,838,000. KKR Real Estate Finance Trust accounts for approximately 2.1% of Significant Wealth Partners LLC's holdings, making the stock its 12th largest position. Significant Wealth Partners LLC owned about 0.31% of KKR Real Estate Finance Trust at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in KREF. Charles Schwab Investment Management Inc. lifted its stake in KKR Real Estate Finance Trust by 18.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,854 shares of the company's stock worth $8,307,000 after purchasing an additional 109,995 shares during the period. Waverly Advisors LLC bought a new position in KKR Real Estate Finance Trust during the third quarter worth about $457,000. SG Americas Securities LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth approximately $420,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of KKR Real Estate Finance Trust by 48.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 105,414 shares of the company's stock worth $1,395,000 after buying an additional 34,538 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth approximately $403,000. Institutional investors own 70.23% of the company's stock.

Insider Buying and Selling at KKR Real Estate Finance Trust

In other KKR Real Estate Finance Trust news, CEO Matthew A. Salem acquired 26,000 shares of KKR Real Estate Finance Trust stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $9.72 per share, with a total value of $252,720.00. Following the completion of the purchase, the chief executive officer now owns 460,309 shares in the company, valued at $4,474,203.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other KKR Real Estate Finance Trust news, COO W Patrick Mattson acquired 10,000 shares of KKR Real Estate Finance Trust stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $9.72 per share, with a total value of $97,200.00. Following the completion of the purchase, the chief operating officer now owns 308,446 shares in the company, valued at $2,998,095.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew A. Salem acquired 26,000 shares of KKR Real Estate Finance Trust stock in a transaction on Thursday, February 8th. The stock was acquired at an average cost of $9.72 per share, for a total transaction of $252,720.00. Following the completion of the purchase, the chief executive officer now owns 460,309 shares of the company's stock, valued at approximately $4,474,203.48. The disclosure for this purchase can be found here. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KREF. JMP Securities dropped their price objective on shares of KKR Real Estate Finance Trust from $14.50 to $13.00 and set a "market outperform" rating for the company in a report on Wednesday, February 7th. Wells Fargo & Company dropped their price objective on shares of KKR Real Estate Finance Trust from $12.00 to $10.50 and set an "overweight" rating for the company in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $10.00 and set an "overweight" rating for the company in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.33.

KKR Real Estate Finance Trust Price Performance

Shares of KKR Real Estate Finance Trust stock traded up $0.09 during midday trading on Monday, reaching $9.85. The company had a trading volume of 350,616 shares, compared to its average volume of 591,121. The company has a current ratio of 361.76, a quick ratio of 361.75 and a debt-to-equity ratio of 4.32. The company has a market capitalization of $682.70 million, a price-to-earnings ratio of -12.63 and a beta of 0.96. The stock has a fifty day simple moving average of $9.77 and a 200 day simple moving average of $11.31. KKR Real Estate Finance Trust Inc. has a 1-year low of $9.09 and a 1-year high of $14.12.

KKR Real Estate Finance Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.15%. The ex-dividend date of this dividend was Wednesday, March 27th. KKR Real Estate Finance Trust's dividend payout ratio is currently -128.21%.

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.