31,511 Shares in KKR Real Estate Finance Trust Inc. (NYSE:KREF) Bought by 1776 Wealth LLC

1776 Wealth LLC acquired a new position in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 31,511 shares of the company's stock, valued at approximately $318,000.

A number of other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in KKR Real Estate Finance Trust by 3.6% in the third quarter. The Manufacturers Life Insurance Company now owns 39,924 shares of the company's stock valued at $493,000 after acquiring an additional 1,382 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in KKR Real Estate Finance Trust by 6.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 31,711 shares of the company's stock valued at $320,000 after acquiring an additional 1,842 shares during the last quarter. Rhumbline Advisers increased its stake in KKR Real Estate Finance Trust by 1.2% in the fourth quarter. Rhumbline Advisers now owns 175,092 shares of the company's stock valued at $1,768,000 after acquiring an additional 2,100 shares during the last quarter. FMR LLC increased its stake in KKR Real Estate Finance Trust by 3.4% in the third quarter. FMR LLC now owns 255,599 shares of the company's stock valued at $3,157,000 after acquiring an additional 8,448 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in KKR Real Estate Finance Trust by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 283,897 shares of the company's stock valued at $2,867,000 after acquiring an additional 8,873 shares during the last quarter. Institutional investors own 70.23% of the company's stock.

KKR Real Estate Finance Trust Stock Up 1.8 %

Shares of NYSE:KREF opened at $10.85 on Thursday. The stock's 50-day moving average price is $10.65 and its 200-day moving average price is $11.31. KKR Real Estate Finance Trust Inc. has a 12-month low of $8.71 and a 12-month high of $12.95. The stock has a market capitalization of $745.75 million, a P/E ratio of 60.29 and a beta of 0.99. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50.

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KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.20. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. On average, equities analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods reduced their target price on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an "outperform" rating on the stock in a research note on Tuesday, January 14th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $12.46.

About KKR Real Estate Finance Trust

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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