Arete Wealth Advisors LLC Invests $516,000 in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Arete Wealth Advisors LLC acquired a new position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 45,300 shares of the company’s stock, valued at approximately $516,000. Arete Wealth Advisors LLC owned 0.07% of KKR Real Estate Finance Trust at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP boosted its position in shares of KKR Real Estate Finance Trust by 542.7% during the first quarter. Quarry LP now owns 3,850 shares of the company’s stock worth $44,000 after buying an additional 3,251 shares during the period. Captrust Financial Advisors bought a new position in KKR Real Estate Finance Trust in the 2nd quarter valued at about $56,000. Tower Research Capital LLC TRC grew its position in KKR Real Estate Finance Trust by 188.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,102 shares of the company’s stock valued at $67,000 after buying an additional 2,680 shares in the last quarter. Catalyst Capital Advisors LLC grew its position in KKR Real Estate Finance Trust by 20.1% in the 4th quarter. Catalyst Capital Advisors LLC now owns 4,840 shares of the company’s stock valued at $68,000 after buying an additional 810 shares in the last quarter. Finally, Signaturefd LLC grew its position in KKR Real Estate Finance Trust by 1,114.7% in the 1st quarter. Signaturefd LLC now owns 6,547 shares of the company’s stock valued at $75,000 after buying an additional 6,008 shares in the last quarter. 73.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KREF has been the subject of a number of recent analyst reports. JMP Securities decreased their target price on shares of KKR Real Estate Finance Trust from $15.00 to $14.00 and set a “market outperform” rating for the company in a research report on Wednesday, August 30th. BTIG Research lifted their price target on KKR Real Estate Finance Trust from $12.00 to $15.00 in a research report on Friday, July 14th. TheStreet upgraded KKR Real Estate Finance Trust from a “d+” rating to a “c-” rating in a research report on Tuesday, July 25th. Finally, JPMorgan Chase & Co. lifted their price target on KKR Real Estate Finance Trust from $11.00 to $13.00 in a research report on Monday, July 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, KKR Real Estate Finance Trust has an average rating of “Moderate Buy” and an average target price of $13.42.

KKR Real Estate Finance Trust Stock Up 1.2 %

NYSE KREF opened at $12.84 on Friday. The company has a debt-to-equity ratio of 4.17, a current ratio of 408.95 and a quick ratio of 408.95. The company’s 50 day simple moving average is $12.34 and its 200 day simple moving average is $11.81. KKR Real Estate Finance Trust Inc. has a 12 month low of $9.94 and a 12 month high of $19.41. The company has a market capitalization of $887.37 million, a P/E ratio of -9.80 and a beta of 0.85.

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 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, and commercial mortgage-backed securities.