Van ECK Associates Corp Sells 38,818 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Van ECK Associates Corp reduced its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 416,473 shares of the company's stock after selling 38,818 shares during the period. Van ECK Associates Corp owned about 0.60% of KKR Real Estate Finance Trust worth $4,206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Azora Capital LP bought a new position in KKR Real Estate Finance Trust in the third quarter valued at approximately $20,167,000. GFS Advisors LLC lifted its position in shares of KKR Real Estate Finance Trust by 9,591.3% in the third quarter. GFS Advisors LLC now owns 290,740 shares of the company's stock valued at $3,591,000 after buying an additional 287,740 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of KKR Real Estate Finance Trust in the third quarter valued at approximately $2,792,000. Quest Partners LLC acquired a new stake in shares of KKR Real Estate Finance Trust in the third quarter valued at approximately $1,201,000. Finally, Stifel Financial Corp lifted its position in shares of KKR Real Estate Finance Trust by 420.7% in the third quarter. Stifel Financial Corp now owns 116,113 shares of the company's stock valued at $1,434,000 after buying an additional 93,813 shares during the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Price Performance

NYSE KREF traded down $0.34 during midday trading on Friday, hitting $10.94. The company had a trading volume of 129,687 shares, compared to its average volume of 442,671. The company has a market capitalization of $751.69 million, a PE ratio of 60.75 and a beta of 1.00. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50. The firm has a 50-day moving average price of $10.55 and a 200-day moving average price of $11.31. KKR Real Estate Finance Trust Inc. has a twelve month low of $8.71 and a twelve month high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last announced its quarterly earnings data 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, analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.14%. KKR Real Estate Finance Trust's payout ratio is 555.56%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KREF. Keefe, Bruyette & Woods cut their price objective on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an "outperform" rating for the company in a research report on Tuesday, January 14th. JMP Securities raised their price objective on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. dropped their price target on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KKR Real Estate Finance Trust presently has an average rating of "Buy" and an average price target 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.