KKR Real Estate Finance Trust Inc. (NYSE:KREF) Stock Holdings Lessened by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 81.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,978 shares of the company's stock after selling 57,079 shares during the quarter. Teacher Retirement System of Texas' holdings in KKR Real Estate Finance Trust were worth $131,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KREF. The Manufacturers Life Insurance Company grew its position in shares of 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 during the last quarter. Illinois Municipal Retirement Fund boosted its stake in KKR Real Estate Finance Trust by 6.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 31,711 shares of the company's stock valued at $320,000 after acquiring an additional 1,842 shares during the period. Rhumbline Advisers grew its holdings in shares of KKR Real Estate Finance Trust by 1.2% during the fourth quarter. Rhumbline Advisers now owns 175,092 shares of the company's stock valued at $1,768,000 after purchasing an additional 2,100 shares during the last quarter. FMR LLC grew its holdings in shares of KKR Real Estate Finance Trust by 3.4% during the third quarter. FMR LLC now owns 255,599 shares of the company's stock valued at $3,157,000 after purchasing an additional 8,448 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of KKR Real Estate Finance Trust by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 283,897 shares of the company's stock worth $2,867,000 after purchasing an additional 8,873 shares during the period. Institutional investors own 70.23% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on KREF shares. JPMorgan Chase & Co. lowered their price objective on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods lowered shares of KKR Real Estate Finance Trust from an "outperform" rating to a "market perform" rating and set a $10.75 price target for the company. in a research report on Monday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.21.

KKR Real Estate Finance Trust Stock Performance

Shares of NYSE:KREF traded down $0.56 on Monday, hitting $9.01. The company's stock had a trading volume of 1,100,551 shares, compared to its average volume of 489,395. KKR Real Estate Finance Trust Inc. has a 12 month low of $8.65 and a 12 month high of $12.95. The stock's 50-day moving average is $10.87 and its two-hundred day moving average is $11.14. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16. The company has a market capitalization of $618.77 million, a price-to-earnings ratio of 50.03 and a beta of 0.88.

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, 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 research analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 11.10%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is presently 555.56%.

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.