KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREFGet Rating) by 29.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,316 shares of the company’s stock after selling 15,449 shares during the period. SG Americas Securities LLC’s holdings in KKR Real Estate Finance Trust were worth $769,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strs Ohio increased its holdings in KKR Real Estate Finance Trust by 9.3% in the 4th quarter. Strs Ohio now owns 8,200 shares of the company’s stock valued at $170,000 after purchasing an additional 700 shares in the last quarter. New York State Teachers Retirement System increased its holdings in KKR Real Estate Finance Trust by 17.0% in the 4th quarter. New York State Teachers Retirement System now owns 14,465 shares of the company’s stock valued at $301,000 after purchasing an additional 2,100 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in KKR Real Estate Finance Trust in the 4th quarter valued at $261,000. Yousif Capital Management LLC acquired a new stake in KKR Real Estate Finance Trust in the 4th quarter valued at $822,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in KKR Real Estate Finance Trust by 19.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 118,400 shares of the company’s stock valued at $2,466,000 after purchasing an additional 19,400 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Stock Down 0.3 %

Shares of KKR Real Estate Finance Trust stock opened at $19.43 on Tuesday. The business has a 50-day moving average of $18.49 and a 200-day moving average of $19.77. The company has a debt-to-equity ratio of 3.57, a current ratio of 430.34 and a quick ratio of 430.34. The company has a market capitalization of $1.35 billion, a PE ratio of 10.23 and a beta of 0.73. KKR Real Estate Finance Trust Inc. has a 1-year low of $16.47 and a 1-year high of $23.40.

KKR Real Estate Finance Trust (NYSE:KREFGet Rating) last announced its earnings results on Monday, July 25th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. KKR Real Estate Finance Trust had a return on equity of 7.74% and a net margin of 48.10%. During the same quarter in the prior year, the firm earned $0.54 earnings per share. As a group, equities analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.91 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.72 annualized dividend and a dividend yield of 8.85%. KKR Real Estate Finance Trust’s dividend payout ratio is presently 90.53%.

Insider Activity

In other news, major shareholder Reft Holdings L.P. Kkr sold 4,250,000 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $19.51, for a total transaction of $82,917,500.00. Following the completion of the sale, the insider now directly owns 10,000,000 shares in the company, valued at $195,100,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lowered their price target on KKR Real Estate Finance Trust to $22.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th.

About KKR Real Estate Finance Trust

(Get Rating)

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring 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 mortgage loans, and commercial mortgage-backed securities.

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Institutional Ownership by Quarter for KKR Real Estate Finance Trust (NYSE:KREF)

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