XTX Topco Ltd Makes New Investment in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

XTX Topco Ltd acquired a new stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 32,243 shares of the company's stock, valued at approximately $326,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC raised its position in KKR Real Estate Finance Trust by 5.3% in the 4th quarter. Barclays PLC now owns 104,618 shares of the company's stock worth $1,056,000 after purchasing an additional 5,299 shares during the period. Raymond James Financial Inc. purchased a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at about $1,835,000. Renaissance Technologies LLC acquired a new position in KKR Real Estate Finance Trust during the 4th quarter valued at approximately $213,000. Legal & General Group Plc raised its stake in KKR Real Estate Finance Trust by 2.2% in the 4th quarter. Legal & General Group Plc now owns 167,955 shares of the company's stock worth $1,696,000 after acquiring an additional 3,539 shares during the last quarter. Finally, Wedbush Securities Inc. increased its stake in shares of KKR Real Estate Finance Trust by 8.1% in the fourth quarter. Wedbush Securities Inc. now owns 79,187 shares of the company's stock worth $800,000 after acquiring an additional 5,945 shares during the period. 70.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on KREF shares. Keefe, Bruyette & Woods downgraded 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 research note on Monday, April 7th. JMP Securities decreased their target price on KKR Real Estate Finance Trust from $13.00 to $12.00 and set a "market outperform" rating on the stock in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. dropped their price target 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, April 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, KKR Real Estate Finance Trust presently has an average rating of "Moderate Buy" and a consensus price target of $11.88.

KKR Real Estate Finance Trust Trading Up 0.8 %

KKR Real Estate Finance Trust stock traded up $0.08 during trading on Tuesday, hitting $9.12. The company's stock had a trading volume of 64,932 shares, compared to its average volume of 526,168. The stock has a market capitalization of $618.05 million, a price-to-earnings ratio of 50.64 and a beta of 0.88. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.28 and a 1-year high of $12.95. 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 stock's fifty day moving average is $10.24 and its 200 day moving average is $10.78.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.32). The business had revenue of $31.34 million for the quarter, compared to analysts' expectations of $34.77 million. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid 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 yield of 10.97%. KKR Real Estate Finance Trust's dividend payout ratio (DPR) is 625.00%.

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.