Van ECK Associates Corp boosted its stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 27.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 455,291 shares of the company's stock after buying an additional 98,400 shares during the quarter. Van ECK Associates Corp owned approximately 0.66% of KKR Real Estate Finance Trust worth $5,372,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new stake in KKR Real Estate Finance Trust during the third quarter worth about $25,000. EntryPoint Capital LLC purchased a new position in KKR Real Estate Finance Trust in the first quarter valued at approximately $54,000. SG Americas Securities LLC bought a new position in KKR Real Estate Finance Trust during the second quarter valued at $138,000. First Trust Direct Indexing L.P. increased its position in KKR Real Estate Finance Trust by 24.6% in the third quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company's stock worth $159,000 after buying an additional 2,546 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in 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 buying an additional 2,481 shares during the last quarter. 70.23% of the stock is owned by institutional investors.
KKR Real Estate Finance Trust Price Performance
NYSE:KREF traded down $0.04 during midday trading on Friday, hitting $11.94. The company had a trading volume of 326,495 shares, compared to its average volume of 531,747. The company has a market capitalization of $830.67 million, a PE ratio of -39.97 and a beta of 0.99. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75. KKR Real Estate Finance Trust Inc. has a 52-week low of $8.71 and a 52-week high of $14.12. The stock's fifty day moving average price is $12.01 and its 200-day moving average price is $10.71.
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 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 company had revenue of $140.15 million during the quarter, compared to the consensus estimate of $39.52 million. During the same quarter in the previous year, the company posted $0.47 EPS. As a group, research analysts expect that KKR Real Estate Finance Trust Inc. will post 1.4 earnings per share for the current year.
KKR Real Estate Finance Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.38%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is -333.32%.
Analyst Ratings Changes
Several research analysts recently commented on KREF shares. Wells Fargo & Company raised their price objective 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. Keefe, Bruyette & Woods upgraded KKR Real Estate Finance Trust from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $11.50 to $13.00 in a research report on Thursday, September 5th. 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. JPMorgan Chase & Co. lifted their target price on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Finally, BTIG Research reissued a "buy" rating and issued a $11.50 price target on shares of KKR Real Estate Finance Trust in a report on Friday, July 19th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, KKR Real Estate Finance Trust currently has an average rating of "Buy" and a consensus price target of $12.83.
Get Our Latest Research Report on KKR Real Estate Finance Trust
KKR Real Estate Finance Trust Profile
(
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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