JPMorgan Chase & Co. Has $6.83 Million Stock Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

JPMorgan Chase & Co. cut its position in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 16.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 553,272 shares of the company's stock after selling 111,510 shares during the quarter. JPMorgan Chase & Co. owned about 0.80% of KKR Real Estate Finance Trust worth $6,833,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new stake in shares of KKR Real Estate Finance Trust in the third quarter valued at about $25,000. Abel Hall LLC bought a new stake in KKR Real Estate Finance Trust in the 3rd quarter valued at about $138,000. First Trust Direct Indexing L.P. grew its position 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 worth $159,000 after purchasing an additional 2,546 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of KKR Real Estate Finance Trust during the third quarter worth approximately $197,000. Finally, Creative Planning increased its holdings in shares of KKR Real Estate Finance Trust by 37.0% during the third quarter. Creative Planning now owns 21,524 shares of the company's stock worth $266,000 after purchasing an additional 5,809 shares during the period. 70.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KREF. Wells Fargo & Company increased their price target on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an "overweight" rating in a research report on Friday, September 20th. Raymond James reduced their target price on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price target on KKR Real Estate Finance Trust from $12.00 to $11.50 and set an "overweight" rating for the company in a research note on Monday, December 9th. JMP Securities increased their price objective on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an "outperform" rating for the company in a research report on Tuesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $12.63.

KKR Real Estate Finance Trust Price Performance

NYSE:KREF traded up $0.18 during trading hours on Thursday, hitting $10.49. The company's stock had a trading volume of 334,456 shares, compared to its average volume of 425,186. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63. The company has a market capitalization of $729.47 million, a P/E ratio of -34.95 and a beta of 1.00. KKR Real Estate Finance Trust Inc. has a twelve month low of $8.71 and a twelve month high of $13.19. The stock has a fifty day simple moving average of $10.99 and a 200-day simple moving average of $11.22.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.03. The company had revenue of $140.15 million for the quarter, compared to the consensus estimate of $39.52 million. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. During the same period last year, the company posted $0.47 EPS. On average, analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.4 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.54%. KKR Real Estate Finance Trust's payout ratio is presently -333.33%.

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.