KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 10.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 722,480 shares of the company's stock after selling 87,852 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.04% of KKR Real Estate Finance Trust worth $8,923,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position in KKR Real Estate Finance Trust by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 38,542 shares of the company's stock worth $349,000 after acquiring an additional 935 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter worth about $25,000. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 valued at $170,000 after acquiring an additional 2,481 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of 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 valued at $159,000 after acquiring an additional 2,546 shares during the last quarter. Finally, Creative Planning raised 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 valued at $266,000 after acquiring an additional 5,809 shares during the last quarter. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Trading Down 0.7 %

Shares of KREF stock traded down $0.08 on Wednesday, hitting $11.49. The stock had a trading volume of 258,198 shares, compared to its average volume of 518,002. The company's 50 day moving average price is $11.67 and its 200-day moving average price is $11.03. KKR Real Estate Finance Trust Inc. has a 1 year low of $8.71 and a 1 year high of $14.12. 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 firm has a market capitalization of $799.36 million, a P/E ratio of -38.60 and a beta of 0.98.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its earnings results on Monday, October 21st. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.03. The company had revenue of $140.15 million for the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.47 EPS. Analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.4 earnings per share for the current year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date of this dividend was Monday, September 30th. KKR Real Estate Finance Trust's dividend payout ratio is presently -333.32%.

Analysts Set New Price Targets

Several research analysts recently commented on KREF shares. Keefe, Bruyette & Woods raised KKR Real Estate Finance Trust from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $11.50 to $13.00 in a research note on Thursday, September 5th. Raymond James reduced their target price on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their target price on shares of KKR Real Estate Finance Trust from $12.00 to $11.50 and set an "overweight" rating for the company in a research report on Monday. Wells Fargo & Company raised their target price on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an "overweight" rating in a research note on Friday, September 20th. Finally, JMP Securities raised 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 report on Wednesday, October 30th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus 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.