Raymond James Financial Inc. bought a new position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 181,636 shares of the company's stock, valued at approximately $1,835,000. Raymond James Financial Inc. owned 0.26% of KKR Real Estate Finance Trust at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in KREF. KLP Kapitalforvaltning AS acquired a new stake in shares of KKR Real Estate Finance Trust in the fourth quarter worth approximately $96,000. Y Intercept Hong Kong Ltd acquired a new position in KKR Real Estate Finance Trust in the 4th quarter valued at about $159,000. Dynamic Technology Lab Private Ltd purchased a new position in KKR Real Estate Finance Trust in the fourth quarter worth approximately $182,000. Renaissance Technologies LLC purchased a new stake in KKR Real Estate Finance Trust in the 4th quarter valued at about $213,000. Finally, Fox Run Management L.L.C. raised its stake in shares of KKR Real Estate Finance Trust by 35.5% in the 4th quarter. Fox Run Management L.L.C. now owns 23,299 shares of the company's stock valued at $235,000 after acquiring an additional 6,110 shares during the period. Hedge funds and other institutional investors own 70.23% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. 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 objective for the company. in a research note on Monday, April 7th. JMP Securities reduced their target price on KKR Real Estate Finance Trust from $13.00 to $12.00 and set a "market outperform" rating for the company in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced 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 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 stock. Based on data from MarketBeat, KKR Real Estate Finance Trust presently has a consensus rating of "Moderate Buy" and an average price target of $11.88.
Read Our Latest Stock Report on KKR Real Estate Finance Trust
KKR Real Estate Finance Trust Price Performance
KREF traded up $0.13 during trading on Friday, reaching $9.23. 465,848 shares of the stock were exchanged, compared to its average volume of 501,802. KKR Real Estate Finance Trust Inc. has a 1 year low of $8.28 and a 1 year high of $12.95. The company has a market capitalization of $625.85 million, a price-to-earnings ratio of 51.28 and a beta of 0.95. The business's 50 day moving average price is $10.09 and its two-hundred day moving average price is $10.70. 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 (NYSE:KREF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.32). KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. The business had revenue of $31.34 million during the quarter, compared to analyst estimates of $34.77 million. As a group, equities research analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current year.
KKR Real Estate Finance Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.83%. The ex-dividend date was Monday, March 31st. KKR Real Estate Finance Trust's payout ratio is 625.00%.
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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