Virtu Financial LLC Invests $330,000 in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Virtu Financial LLC acquired a new stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 32,657 shares of the company's stock, valued at approximately $330,000.

Other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of KKR Real Estate Finance Trust by 144.9% in 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. Barclays PLC grew its stake in KKR Real Estate Finance Trust by 311.8% in the third quarter. Barclays PLC now owns 99,319 shares of the company's stock worth $1,226,000 after purchasing an additional 75,200 shares during the period. Algert Global LLC raised its holdings in KKR Real Estate Finance Trust by 88.6% in the third quarter. Algert Global LLC now owns 166,373 shares of the company's stock worth $2,055,000 after purchasing an additional 78,180 shares in the last quarter. Zacks Investment Management purchased a new position in KKR Real Estate Finance Trust during the third quarter valued at $2,792,000. Finally, Stifel Financial Corp boosted its holdings in shares of KKR Real Estate Finance Trust by 420.7% during the 3rd 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 in the last quarter. 70.23% of the stock is currently owned by institutional investors.

KKR Real Estate Finance Trust Stock Down 1.5 %

NYSE:KREF traded down $0.17 on Tuesday, reaching $10.64. 628,634 shares of the stock traded hands, compared to its average volume of 484,535. 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 company has a market capitalization of $730.77 million, a price-to-earnings ratio of 59.08 and a beta of 0.99. KKR Real Estate Finance Trust Inc. has a 12 month low of $8.71 and a 12 month high of $12.95. The company's fifty day simple moving average is $10.90 and its 200 day simple moving average is $11.22.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last announced 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 net margin of 6.30% and a return on equity of 8.53%. Equities analysts predict 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 9.40%. The ex-dividend date of this dividend is Monday, March 31st. KKR Real Estate Finance Trust's dividend payout ratio is currently 555.56%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KREF. 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 for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their target price on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an "outperform" rating for the company in a report on Tuesday, January 14th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average 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.