UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.80 Million Stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 144.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 145,896 shares of the company's stock after purchasing an additional 86,327 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of KKR Real Estate Finance Trust worth $1,802,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of KKR Real Estate Finance Trust by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,542 shares of the company's stock valued at $349,000 after purchasing an additional 935 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in KKR Real Estate Finance Trust during the third quarter valued at approximately $25,000. Price T Rowe Associates Inc. MD grew its stake 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. First Trust Direct Indexing L.P. grew its stake in KKR Real Estate Finance Trust by 24.6% during the third quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company's stock worth $159,000 after buying an additional 2,546 shares during the period. Finally, Creative Planning increased its position in shares of KKR Real Estate Finance Trust by 37.0% in the third quarter. Creative Planning now owns 21,524 shares of the company's stock worth $266,000 after acquiring an additional 5,809 shares in the last quarter. Institutional investors and hedge funds own 70.23% of the company's stock.

KKR Real Estate Finance Trust Price Performance

Shares of KKR Real Estate Finance Trust stock traded down $0.23 on Monday, hitting $11.27. The company had a trading volume of 628,462 shares, compared to its average volume of 516,107. KKR Real Estate Finance Trust Inc. has a 52 week low of $8.71 and a 52 week high of $14.12. The company has a market cap of $784.05 million, a PE ratio of -37.80 and a beta of 0.98. The business has a 50-day simple moving average of $11.65 and a 200-day simple moving average of $11.08. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63.

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

KKR Real Estate Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.87%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently -333.32%.

Analysts Set New Price Targets

A number of research analysts have recently commented on KREF shares. JPMorgan Chase & Co. reduced 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 report on Monday, December 9th. Wells Fargo & Company increased their target price on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an "overweight" rating in a research note on Friday, September 20th. JMP Securities lifted their price target 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. Raymond James reduced their price objective on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $11.50 to $13.00 in a research report on Thursday, September 5th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $12.75.

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.