Raymond James Financial Inc. Purchases New Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Raymond James Financial Inc. acquired a new stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 181,636 shares of the company's stock, valued at approximately $1,835,000. Raymond James Financial Inc. owned approximately 0.26% of KKR Real Estate Finance Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KREF. Intech Investment Management LLC bought a new stake in shares of KKR Real Estate Finance Trust in the third quarter worth about $197,000. The Manufacturers Life Insurance Company grew its holdings in KKR Real Estate Finance Trust by 3.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 39,924 shares of the company's stock valued at $493,000 after buying an additional 1,382 shares in the last quarter. FMR LLC increased its stake in KKR Real Estate Finance Trust by 3.4% in the 3rd quarter. FMR LLC now owns 255,599 shares of the company's stock worth $3,157,000 after acquiring an additional 8,448 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of KKR Real Estate Finance Trust by 144.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,896 shares of the company's stock worth $1,802,000 after acquiring an additional 86,327 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at approximately $422,000. Institutional investors own 70.23% of the company's stock.

KKR Real Estate Finance Trust Trading Down 6.2 %

KREF traded down $0.63 during trading on Friday, reaching $9.57. The company had a trading volume of 921,016 shares, compared to its average volume of 486,950. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50. The business has a 50 day simple moving average of $10.90 and a 200-day simple moving average of $11.18. The stock has a market cap of $657.59 million, a P/E ratio of 53.17 and a beta of 0.88. KKR Real Estate Finance Trust Inc. has a 52 week low of $8.71 and a 52 week high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, equities analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 10.45%. KKR Real Estate Finance Trust's payout ratio is 555.56%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KREF shares. JPMorgan Chase & Co. decreased their price target 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 note on Tuesday, January 21st. Keefe, Bruyette & Woods reduced their target price on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an "outperform" rating on the stock in a report on Tuesday, January 14th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, KKR Real Estate Finance Trust currently has an average rating of "Buy" and an average target price of $12.46.

KKR Real Estate Finance Trust Company 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.