Charles Schwab Investment Management Inc. lessened its stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 637,861 shares of the company's stock after selling 84,619 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.92% of KKR Real Estate Finance Trust worth $6,442,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at $197,000. Algert Global LLC boosted its stake in shares of KKR Real Estate Finance Trust by 88.6% during the third quarter. Algert Global LLC now owns 166,373 shares of the company's stock valued at $2,055,000 after purchasing an additional 78,180 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of KKR Real Estate Finance Trust by 22.9% during the third quarter. Penserra Capital Management LLC now owns 102,365 shares of the company's stock worth $1,264,000 after purchasing an additional 19,065 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of 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. Finally, FMR LLC increased its stake in shares of KKR Real Estate Finance Trust by 3.4% in the third quarter. FMR LLC now owns 255,599 shares of the company's stock valued at $3,157,000 after buying an additional 8,448 shares during the period. Institutional investors own 70.23% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on KREF shares. JPMorgan Chase & Co. cut their target price 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. Keefe, Bruyette & Woods reduced their price objective on shares of 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. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $12.46.
Get Our Latest Research Report on KREF
KKR Real Estate Finance Trust Trading Down 2.2 %
Shares of NYSE KREF traded down $0.25 during midday trading on Friday, reaching $10.91. The stock had a trading volume of 452,855 shares, compared to its average volume of 484,061. The company's 50 day moving average price is $10.89 and its 200 day moving average price is $11.26. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16. KKR Real Estate Finance Trust Inc. has a twelve month low of $8.71 and a twelve month high of $12.95. The firm has a market cap of $749.33 million, a price-to-earnings ratio of 60.58 and a beta of 0.99.
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, beating analysts' consensus estimates 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 expect that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current year.
KKR Real Estate Finance Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.17%. KKR Real Estate Finance Trust's payout ratio is currently 555.56%.
KKR Real Estate Finance Trust Company Profile
(
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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