Condor Capital Management Buys 103,654 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Condor Capital Management boosted its stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 70.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,273 shares of the company's stock after buying an additional 103,654 shares during the quarter. Condor Capital Management owned approximately 0.37% of KKR Real Estate Finance Trust worth $2,538,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KREF. Abel Hall LLC bought a new stake in shares of KKR Real Estate Finance Trust in the 3rd quarter worth about $138,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter worth approximately $159,000. Intech Investment Management LLC bought a new position in shares of KKR Real Estate Finance Trust in the third quarter valued at approximately $197,000. 1776 Wealth LLC acquired a new position in shares of KKR Real Estate Finance Trust in the 4th quarter worth approximately $318,000. Finally, Illinois Municipal Retirement Fund grew its position in KKR Real Estate Finance Trust by 6.2% during 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 during the last quarter. 70.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on KREF. Keefe, Bruyette & Woods reduced their price objective on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an "outperform" rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price target on shares of 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. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $12.46.

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KKR Real Estate Finance Trust Trading Up 0.1 %

KKR Real Estate Finance Trust stock traded up $0.02 during mid-day trading on Monday, hitting $11.40. The stock had a trading volume of 494,429 shares, compared to its average volume of 466,121. The stock has a 50-day simple moving average of $10.84 and a two-hundred day simple moving average of $11.27. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50. The stock has a market capitalization of $783.00 million, a PE ratio of 63.31 and a beta of 0.99. KKR Real Estate Finance Trust Inc. has a 12 month low of $8.71 and a 12 month high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.28 EPS for the quarter, topping the consensus estimate 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, sell-side analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.78%. KKR Real Estate Finance Trust's dividend 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.