Wellington Management Group LLP Takes Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Wellington Management Group LLP bought a new stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 529,750 shares of the company's stock, valued at approximately $5,350,000. Wellington Management Group LLP owned about 0.77% of KKR Real Estate Finance Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Prevail Innovative Wealth Advisors LLC increased its holdings in shares of KKR Real Estate Finance Trust by 710.2% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 153,391 shares of the company's stock worth $1,549,000 after acquiring an additional 134,459 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in KKR Real Estate Finance Trust by 31.7% in the 4th quarter. JPMorgan Chase & Co. now owns 728,875 shares of the company's stock valued at $7,362,000 after acquiring an additional 175,603 shares in the last quarter. Fox Run Management L.L.C. lifted its position in KKR Real Estate Finance Trust by 35.5% during the fourth quarter. Fox Run Management L.L.C. now owns 23,299 shares of the company's stock worth $235,000 after purchasing an additional 6,110 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of KKR Real Estate Finance Trust during the 4th quarter worth approximately $96,000. Finally, Virtu Financial LLC acquired a new stake in shares of KKR Real Estate Finance Trust in the 4th quarter valued at approximately $330,000. Institutional investors own 70.23% of the company's stock.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF stock traded up $0.01 during trading on Wednesday, hitting $9.06. The company's stock had a trading volume of 57,779 shares, compared to its average volume of 496,127. The company has a market cap of $622.21 million, a PE ratio of 50.17 and a beta of 0.88. 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 business has a fifty day moving average of $10.62 and a 200-day moving average of $10.96. KKR Real Estate Finance Trust Inc. has a 52 week low of $8.28 and a 52 week high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.28 EPS 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, research analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 11.04%. KKR Real Estate Finance Trust's dividend payout ratio is currently 555.56%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KREF shares. 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 target price on the stock. in a report on Monday, April 7th. JPMorgan Chase & Co. decreased their target price on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an "overweight" rating for the company in a research report on Wednesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, KKR Real Estate Finance Trust presently has an average rating of "Moderate Buy" and a consensus price target of $12.04.

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.