Rhino Investment Partners Inc bought a new stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 96,424 shares of the company's stock, valued at approximately $974,000. Rhino Investment Partners Inc owned 0.14% of KKR Real Estate Finance Trust as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP bought a new stake in shares of KKR Real Estate Finance Trust during the 4th quarter valued at $5,350,000. Price T Rowe Associates Inc. MD increased its holdings in KKR Real Estate Finance Trust by 2,400.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 477,633 shares of the company's stock valued at $4,825,000 after purchasing an additional 458,530 shares during the last quarter. Raymond James Financial Inc. bought a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at about $1,835,000. JPMorgan Chase & Co. lifted its stake in KKR Real Estate Finance Trust by 31.7% in the fourth quarter. JPMorgan Chase & Co. now owns 728,875 shares of the company's stock valued at $7,362,000 after buying an additional 175,603 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC boosted its holdings in KKR Real Estate Finance Trust by 710.2% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 153,391 shares of the company's stock worth $1,549,000 after buying an additional 134,459 shares during the last quarter. Institutional investors own 70.23% of the company's stock.
KKR Real Estate Finance Trust Stock Up 1.4 %
NYSE:KREF traded up $0.13 during trading hours on Friday, reaching $9.23. 465,848 shares of the stock were exchanged, compared to its average volume of 501,802. The stock has a market cap of $625.85 million, a PE ratio of 51.28 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. The firm has a 50 day moving average of $10.09 and a 200 day moving average of $10.71. 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 released its earnings results on Wednesday, April 23rd. The company reported ($0.15) earnings per share 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 the consensus estimate of $34.77 million. On average, equities analysts expect 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. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 10.83%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently 625.00%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on KREF. 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 on the stock. in a research note on Monday, April 7th. JPMorgan Chase & Co. decreased their price target on shares of 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. Finally, JMP Securities dropped 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.88.
Check Out Our Latest Analysis on KKR Real Estate Finance Trust
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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