ExodusPoint Capital Management LP purchased a new stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 92,770 shares of the company's stock, valued at approximately $937,000. ExodusPoint Capital Management LP owned 0.14% of KKR Real Estate Finance Trust as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in KKR Real Estate Finance Trust in the fourth quarter worth about $96,000. Y Intercept Hong Kong Ltd bought a new position in KKR Real Estate Finance Trust in the fourth quarter worth approximately $159,000. Fox Run Management L.L.C. lifted its holdings in KKR Real Estate Finance Trust by 35.5% during the fourth quarter. Fox Run Management L.L.C. now owns 23,299 shares of the company's stock worth $235,000 after buying an additional 6,110 shares during the period. 1776 Wealth LLC purchased a new position in shares of KKR Real Estate Finance Trust in the 4th quarter valued at $318,000. Finally, Illinois Municipal Retirement Fund raised its position in shares of KKR Real Estate Finance Trust by 6.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 31,711 shares of the company's stock worth $320,000 after acquiring an additional 1,842 shares in the last quarter. 70.23% of the stock is owned by institutional investors.
KKR Real Estate Finance Trust Stock Performance
KREF traded up $0.01 during trading on Wednesday, reaching $9.06. 57,779 shares of the company's stock were exchanged, compared to its average volume of 496,127. The company's fifty day simple moving average is $10.62 and its 200-day simple moving average is $10.96. The stock has a market capitalization of $622.55 million, a P/E ratio of 50.17 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. KKR Real Estate Finance Trust Inc. has a 1 year low of $8.28 and a 1 year high of $12.95.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.20. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. As a group, research analysts predict that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share 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. 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 dividend yield of 11.04%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently 555.56%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on KREF. Keefe, Bruyette & Woods downgraded 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 report on Monday, April 7th. JPMorgan Chase & Co. cut their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, KKR Real Estate Finance Trust presently has a consensus rating of "Moderate Buy" and an average price target of $12.04.
Check Out Our Latest Stock Report on KKR Real Estate Finance Trust
KKR Real Estate Finance Trust Company Profile
(
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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