GFS Advisors LLC lowered its holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 26.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 212,940 shares of the company's stock after selling 77,800 shares during the period. GFS Advisors LLC owned approximately 0.31% of KKR Real Estate Finance Trust worth $2,151,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of KREF. Future Financial Wealth Managment LLC purchased a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at about $25,000. Abel Hall LLC purchased a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at about $138,000. First Trust Direct Indexing L.P. raised its holdings in shares of KKR Real Estate Finance Trust by 24.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company's stock valued at $159,000 after buying an additional 2,546 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at about $197,000. Finally, Creative Planning grew its position in KKR Real Estate Finance Trust by 37.0% during the 3rd quarter. Creative Planning now owns 21,524 shares of the company's stock worth $266,000 after acquiring an additional 5,809 shares during the last quarter. Hedge funds and other institutional investors own 70.23% of the company's stock.
KKR Real Estate Finance Trust Stock Performance
NYSE:KREF traded up $1.02 during mid-day trading on Tuesday, hitting $11.07. 737,632 shares of the company traded hands, compared to its average volume of 449,665. The stock's fifty day moving average price is $10.64 and its 200-day moving average price is $11.31. KKR Real Estate Finance Trust Inc. has a one year low of $8.71 and a one year high of $12.95. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75. The firm has a market cap of $769.79 million, a price-to-earnings ratio of -36.88 and a beta of 1.00.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.20. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. Research analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.36 earnings per share for the current fiscal year.
KKR Real Estate Finance Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.04%. KKR Real Estate Finance Trust's dividend payout ratio is currently -333.32%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on KREF shares. JPMorgan Chase & Co. reduced their price target on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods reduced their price target on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an "outperform" rating on the stock in a research report on Tuesday, January 14th. Raymond James reduced their price target on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Finally, JMP Securities lifted their price objective on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $12.46.
Read Our Latest Stock 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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