Algert Global LLC lifted its holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 88.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,373 shares of the company's stock after buying an additional 78,180 shares during the quarter. Algert Global LLC owned 0.24% of KKR Real Estate Finance Trust worth $2,055,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of KREF. Future Financial Wealth Managment LLC acquired a new stake in KKR Real Estate Finance Trust in the third quarter valued at $25,000. First Trust Direct Indexing L.P. lifted its stake in shares of KKR Real Estate Finance Trust by 24.6% in the third quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company's stock valued at $159,000 after purchasing an additional 2,546 shares during the period. SG Americas Securities LLC acquired a new stake in shares of KKR Real Estate Finance Trust in the second quarter valued at about $138,000. Intech Investment Management LLC purchased a new stake in KKR Real Estate Finance Trust during the third quarter worth about $197,000. Finally, Price T Rowe Associates Inc. MD grew its position in KKR Real Estate Finance Trust by 17.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company's stock worth $170,000 after buying an additional 2,481 shares during the period. 70.23% of the stock is currently owned by hedge funds and other institutional investors.
KKR Real Estate Finance Trust Price Performance
Shares of KREF traded up $0.05 during trading hours on Thursday, reaching $11.69. 290,361 shares of the company traded hands, compared to its average volume of 524,594. The stock has a market capitalization of $813.27 million, a PE ratio of -38.97 and a beta of 0.99. The stock has a fifty day simple moving average of $11.86 and a 200 day simple moving average of $10.91. KKR Real Estate Finance Trust Inc. has a fifty-two week low of $8.71 and a fifty-two week high of $14.12. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03. The company had revenue of $140.15 million for the quarter, compared to analysts' expectations 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 earned $0.47 EPS. As a group, research analysts predict 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 8.55%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently -333.32%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Wells Fargo & Company lifted their price objective on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an "overweight" rating in a report on Friday, September 20th. Raymond James lowered 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. Keefe, Bruyette & Woods raised KKR Real Estate Finance Trust from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $11.50 to $13.00 in a research note on Thursday, September 5th. Finally, JMP Securities boosted 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 report on Wednesday, October 30th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $12.83.
Read Our Latest Analysis on KREF
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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