Transce3nd LLC Invests $572,000 in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Transce3nd LLC purchased a new position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,654 shares of the company's stock, valued at approximately $572,000. Transce3nd LLC owned about 0.08% of KKR Real Estate Finance Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KREF. KLP Kapitalforvaltning AS acquired a new stake in shares of KKR Real Estate Finance Trust in the fourth quarter valued at $96,000. First Trust Advisors LP acquired a new stake in KKR Real Estate Finance Trust in the 4th quarter worth approximately $129,000. Y Intercept Hong Kong Ltd acquired a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth about $159,000. Dynamic Technology Lab Private Ltd bought a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth about $182,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the 4th quarter valued at about $213,000. 70.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KREF has been the subject of a number of research reports. JPMorgan Chase & Co. lowered 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. Keefe, Bruyette & Woods cut shares of KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 target price for the company. in a research note on Monday, April 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $12.04.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock remained flat at $9.28 on Wednesday. 506,478 shares of the company were exchanged, compared to its average volume of 499,188. KKR Real Estate Finance Trust Inc. has a 1 year low of $8.28 and a 1 year high of $12.95. The stock has a market capitalization of $637.67 million, a P/E ratio of 51.56 and a beta of 0.88. The company has a debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 296.16. The stock's 50-day simple moving average is $10.38 and its two-hundred day simple moving average is $10.85.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.45). KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.78%. The ex-dividend date of this dividend was Monday, March 31st. KKR Real Estate Finance Trust's payout ratio is currently 555.56%.

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.