Prevail Innovative Wealth Advisors LLC increased its stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 710.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,391 shares of the company's stock after purchasing an additional 134,459 shares during the quarter. Prevail Innovative Wealth Advisors LLC owned approximately 0.22% of KKR Real Estate Finance Trust worth $1,549,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in KKR Real Estate Finance Trust by 3.6% during the third quarter. The Manufacturers Life Insurance Company now owns 39,924 shares of the company's stock worth $493,000 after purchasing an additional 1,382 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of 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 buying an additional 1,842 shares during the last quarter. Rhumbline Advisers raised its position in shares of KKR Real Estate Finance Trust by 1.2% in the 4th quarter. Rhumbline Advisers now owns 175,092 shares of the company's stock worth $1,768,000 after buying an additional 2,100 shares during the period. Fox Run Management L.L.C. boosted its holdings in KKR Real Estate Finance Trust by 35.5% in the fourth quarter. Fox Run Management L.L.C. now owns 23,299 shares of the company's stock valued at $235,000 after acquiring an additional 6,110 shares during the last quarter. Finally, FMR LLC grew its position in KKR Real Estate Finance Trust by 3.4% during the third quarter. FMR LLC now owns 255,599 shares of the company's stock valued at $3,157,000 after acquiring an additional 8,448 shares during the period. 70.23% of the stock is owned by institutional investors and hedge funds.
KKR Real Estate Finance Trust Stock Performance
NYSE:KREF traded down $0.32 during trading hours on Thursday, reaching $10.27. 246,097 shares of the stock were exchanged, compared to its average volume of 482,837. The firm has a 50 day simple moving average of $10.91 and a 200-day simple moving average of $11.21. KKR Real Estate Finance Trust Inc. has a 52 week low of $8.71 and a 52 week high of $12.95. The stock has a market capitalization of $705.69 million, a P/E ratio of 57.06 and a beta of 0.88. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.28 EPS for the quarter, beating 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 earnings per share for the current fiscal year.
KKR Real Estate Finance Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.74%. KKR Real Estate Finance Trust's payout ratio is currently 555.56%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Keefe, Bruyette & Woods cut their price target on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an "outperform" rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $12.46.
Get Our Latest 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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