Quest Partners LLC acquired a new position in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 97,247 shares of the company's stock, valued at approximately $1,201,000. Quest Partners LLC owned approximately 0.14% of KKR Real Estate Finance Trust as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new position in shares of KKR Real Estate Finance Trust during the third quarter worth $25,000. EntryPoint Capital LLC purchased a new position in KKR Real Estate Finance Trust in the 1st quarter valued at about $54,000. SG Americas Securities LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the second quarter valued at about $138,000. First Trust Direct Indexing L.P. increased its position 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 worth $159,000 after acquiring an additional 2,546 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of KKR Real Estate Finance Trust by 17.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company's stock worth $170,000 after acquiring an additional 2,481 shares in the last quarter. Institutional investors and hedge funds own 70.23% of the company's stock.
Wall Street Analyst Weigh In
KREF has been the topic of several analyst reports. Raymond James dropped their price objective on 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. Wells Fargo & Company increased their price objective on shares of 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 upped their target price on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods upgraded KKR Real Estate Finance Trust from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $11.50 to $13.00 in a research note on Thursday, September 5th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $12.83.
Check Out Our Latest Stock Report on KREF
KKR Real Estate Finance Trust Stock Performance
Shares of NYSE:KREF traded up $0.03 during trading on Wednesday, hitting $11.46. 327,838 shares of the company traded hands, compared to its average volume of 528,850. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75. The business's fifty day moving average is $11.95 and its 200-day moving average is $10.84. The stock has a market capitalization of $796.92 million, a price-to-earnings ratio of -38.03 and a beta of 0.99. KKR Real Estate Finance Trust Inc. has a one year low of $8.71 and a one year high of $14.12.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.03. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. The firm had revenue of $140.15 million during the quarter, compared to the consensus estimate of $39.52 million. During the same period in the prior year, the business earned $0.47 EPS. As a group, equities analysts predict that KKR Real Estate Finance Trust Inc. will post 1.4 earnings per share for the current fiscal year.
KKR Real Estate Finance Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.73%. The ex-dividend date was Monday, September 30th. KKR Real Estate Finance Trust's payout ratio is -333.32%.
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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