GFS Advisors LLC Grows Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

GFS Advisors LLC increased its stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 9,591.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 290,740 shares of the company's stock after acquiring an additional 287,740 shares during the quarter. GFS Advisors LLC owned about 0.42% of KKR Real Estate Finance Trust worth $3,591,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in KKR Real Estate Finance Trust by 9.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,148,784 shares of the company's stock valued at $21,617,000 after buying an additional 178,603 shares during the period. TrueMark Investments LLC bought a new stake in KKR Real Estate Finance Trust in the 2nd quarter valued at $1,305,000. Van ECK Associates Corp grew its holdings in shares of KKR Real Estate Finance Trust by 31.2% in the 2nd quarter. Van ECK Associates Corp now owns 356,891 shares of the company's stock worth $3,230,000 after purchasing an additional 84,889 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of KKR Real Estate Finance Trust by 45.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 212,100 shares of the company's stock worth $2,134,000 after purchasing an additional 66,716 shares during the last quarter. Finally, Wedbush Securities Inc. bought a new stake in shares of KKR Real Estate Finance Trust in the 2nd quarter worth about $427,000. Institutional investors own 70.23% of the company's stock.

Analyst Upgrades and Downgrades

KREF has been the topic of several analyst reports. Wells Fargo & Company upped their target price on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an "overweight" rating in a report on Friday, September 20th. BTIG Research reissued a "buy" rating and set a $11.50 price objective on shares of KKR Real Estate Finance Trust in a report on Friday, July 19th. JMP Securities increased their price objective 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. Raymond James decreased 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 report 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 increased their price objective for the stock from $11.50 to $13.00 in a report on Thursday, September 5th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, KKR Real Estate Finance Trust presently has a consensus rating of "Buy" and a consensus price target of $12.83.

KKR Real Estate Finance Trust Stock Performance

KKR Real Estate Finance Trust stock traded up $0.01 during mid-day trading on Friday, hitting $11.60. 835,964 shares of the company's stock traded hands, compared to its average volume of 381,375. KKR Real Estate Finance Trust Inc. has a fifty-two week low of $8.71 and a fifty-two week 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 stock has a market cap of $807.01 million, a price-to-earnings ratio of -38.67 and a beta of 0.99. The firm has a 50 day simple moving average of $12.00 and a two-hundred day simple moving average of $10.66.

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, beating analysts' consensus estimates of $0.34 by $0.03. The firm had revenue of $140.15 million for the quarter, compared to analysts' expectations of $39.52 million. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. During the same quarter in the previous year, the business posted $0.47 earnings per share. On average, 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.62%. The ex-dividend date was Monday, September 30th. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently -333.32%.

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.