Zacks Investment Management Buys Shares of 226,105 KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Zacks Investment Management bought a new position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 226,105 shares of the company's stock, valued at approximately $2,792,000. Zacks Investment Management owned about 0.33% of KKR Real Estate Finance Trust at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC acquired a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter valued at $25,000. First Trust Direct Indexing L.P. boosted 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 valued at $159,000 after buying an additional 2,546 shares during the last quarter. SG Americas Securities LLC acquired a new position in KKR Real Estate Finance Trust in the 2nd quarter worth approximately $138,000. Intech Investment Management LLC purchased a new position in KKR Real Estate Finance Trust during the 3rd quarter worth approximately $197,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in KKR Real Estate Finance Trust by 17.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company's stock valued at $170,000 after acquiring an additional 2,481 shares during the period. 70.23% of the stock is owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Stock Down 0.0 %

NYSE KREF traded down $0.01 on Monday, hitting $11.32. 284,607 shares of the stock were exchanged, compared to its average volume of 519,897. KKR Real Estate Finance Trust Inc. has a fifty-two week low of $8.71 and a fifty-two week high of $14.12. The company has a 50-day moving average price of $11.68 and a 200-day moving average price of $11.02. The company has a market cap of $787.18 million, a PE ratio of -37.72 and a beta of 0.98. 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 (NYSE:KREF - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.03. The firm had revenue of $140.15 million for the quarter, compared to the consensus estimate of $39.52 million. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. During the same quarter last year, the business posted $0.47 EPS. Sell-side analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.4 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.84%. The ex-dividend date of this dividend was Monday, September 30th. KKR Real Estate Finance Trust's payout ratio is currently -333.32%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KREF shares. Raymond James cut their price objective on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price target on KKR Real Estate Finance Trust from $12.00 to $11.50 and set an "overweight" rating for the company in a report on Monday. Wells Fargo & Company increased their price target on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an "overweight" rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods upgraded KKR Real Estate Finance Trust from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $11.50 to $13.00 in a research report on Thursday, September 5th. Finally, JMP Securities increased their target price 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. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $12.75.

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.