Raymond James Financial Inc. Invests $1.84 Million in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Raymond James Financial Inc. bought a new position in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 181,636 shares of the company's stock, valued at approximately $1,835,000. Raymond James Financial Inc. owned about 0.26% of KKR Real Estate Finance Trust as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Barclays PLC boosted its stake in KKR Real Estate Finance Trust by 311.8% in the 3rd quarter. Barclays PLC now owns 99,319 shares of the company's stock worth $1,226,000 after purchasing an additional 75,200 shares during the period. Drive Wealth Management LLC boosted its position in shares of KKR Real Estate Finance Trust by 18.8% in the fourth quarter. Drive Wealth Management LLC now owns 84,718 shares of the company's stock worth $877,000 after buying an additional 13,432 shares during the period. Rhumbline Advisers boosted its position in shares of KKR Real Estate Finance Trust by 1.2% in the fourth quarter. Rhumbline Advisers now owns 175,092 shares of the company's stock worth $1,768,000 after buying an additional 2,100 shares during the period. Principal Financial Group Inc. boosted its position in KKR Real Estate Finance Trust by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 283,897 shares of the company's stock worth $2,867,000 after acquiring an additional 8,873 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in KKR Real Estate Finance Trust during the 4th quarter valued at about $159,000. 70.23% of the stock is owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Trading Up 0.5 %

Shares of KKR Real Estate Finance Trust stock traded up $0.05 during trading on Wednesday, reaching $9.14. 418,784 shares of the company were exchanged, compared to its average volume of 500,251. The business has a 50-day moving average price of $9.97 and a 200-day moving average price of $10.66. 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 $619.54 million, a price-to-earnings ratio of 50.76 and a beta of 0.95. KKR Real Estate Finance Trust Inc. has a twelve month low of $8.28 and a twelve month high of $12.95.

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). The business had revenue of $31.34 million for the quarter, compared to the consensus estimate of $34.77 million. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. Sell-side analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 10.94%. KKR Real Estate Finance Trust's payout ratio is currently 625.00%.

Analyst Ratings Changes

A number of research firms have issued reports on KREF. JMP Securities cut their target price on shares of KKR Real Estate Finance Trust from $13.00 to $12.00 and set a "market outperform" rating for the company in a research report on Thursday, April 24th. Keefe, Bruyette & Woods lowered KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 price objective for the company. in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. lowered 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 research note 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, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.