Stephens Inc. AR Lowers Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Stephens Inc. AR cut its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 566,035 shares of the company's stock after selling 71,248 shares during the period. Stephens Inc. AR owned about 0.81% of KKR Real Estate Finance Trust worth $5,717,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Azora Capital LP bought a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter worth $20,167,000. GFS Advisors LLC raised its position in shares of KKR Real Estate Finance Trust by 9,591.3% in the 3rd quarter. GFS Advisors LLC now owns 290,740 shares of the company's stock worth $3,591,000 after acquiring an additional 287,740 shares in the last quarter. Zacks Investment Management bought a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter worth $2,792,000. Van ECK Associates Corp raised its position in shares of KKR Real Estate Finance Trust by 27.6% in the 3rd quarter. Van ECK Associates Corp now owns 455,291 shares of the company's stock worth $5,372,000 after acquiring an additional 98,400 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter worth $1,201,000. 70.23% of the stock is owned by institutional investors.

KKR Real Estate Finance Trust Stock Performance

KKR Real Estate Finance Trust stock traded up $0.10 during trading hours on Friday, hitting $11.30. 278,792 shares of the stock traded hands, compared to its average volume of 463,716. The company has a debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 277.63. The firm's 50 day moving average price is $10.57 and its 200-day moving average price is $11.32. The stock has a market capitalization of $776.12 million, a price-to-earnings ratio of 62.75 and a beta of 1.00. KKR Real Estate Finance Trust Inc. has a 1 year low of $8.71 and a 1 year high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.20. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. As a group, equities analysts expect that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 8.85%. KKR Real Estate Finance Trust's payout ratio is presently 555.56%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Raymond James dropped their target price on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. JMP Securities boosted their target price on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. dropped their target price on 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. Finally, Keefe, Bruyette & Woods dropped their target price on 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 data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $12.46.

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.