Raymond James Financial Services Advisors Inc. Has $1.40 Million Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Raymond James Financial Services Advisors Inc. grew its holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 48.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,414 shares of the company’s stock after purchasing an additional 34,538 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in KKR Real Estate Finance Trust were worth $1,395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky increased its holdings in KKR Real Estate Finance Trust by 5.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 18,846 shares of the company’s stock worth $229,000 after buying an additional 1,021 shares during the last quarter. Bank of Montreal Can increased its holdings in KKR Real Estate Finance Trust by 8.9% during the first quarter. Bank of Montreal Can now owns 12,902 shares of the company’s stock worth $272,000 after buying an additional 1,051 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in KKR Real Estate Finance Trust by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 426,200 shares of the company’s stock worth $5,950,000 after buying an additional 1,226 shares during the last quarter. Swiss National Bank increased its holdings in KKR Real Estate Finance Trust by 1.0% during the third quarter. Swiss National Bank now owns 129,100 shares of the company’s stock worth $1,532,000 after buying an additional 1,300 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in KKR Real Estate Finance Trust by 3.4% during the third quarter. Nisa Investment Advisors LLC now owns 40,871 shares of the company’s stock worth $485,000 after buying an additional 1,340 shares during the last quarter. 70.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday. Wells Fargo & Company lowered their target price on shares of KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Finally, JMP Securities decreased their price objective on shares of KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating on the stock in a report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.36.

KKR Real Estate Finance Trust Price Performance

NYSE:KREF opened at $9.59 on Friday. KKR Real Estate Finance Trust Inc. has a one year low of $9.09 and a one year high of $14.12. The company has a market cap of $664.34 million, a P/E ratio of -12.29 and a beta of 0.96. The firm’s fifty day moving average price is $9.87 and its two-hundred day moving average price is $11.40. The company has a debt-to-equity ratio of 4.32, a current ratio of 361.76 and a quick ratio of 361.75.

KKR Real Estate Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.00 annualized dividend and a dividend yield of 10.43%. KKR Real Estate Finance Trust’s dividend payout ratio is currently -128.21%.

Insider Activity

In other KKR Real Estate Finance Trust news, CEO Matthew A. Salem bought 26,000 shares of KKR Real Estate Finance Trust stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $9.72 per share, with a total value of $252,720.00. Following the completion of the transaction, the chief executive officer now owns 460,309 shares in the company, valued at approximately $4,474,203.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO W Patrick Mattson acquired 10,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $9.72 per share, with a total value of $97,200.00. Following the completion of the purchase, the chief operating officer now directly owns 308,446 shares of the company’s stock, valued at approximately $2,998,095.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew A. Salem bought 26,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $9.72 per share, with a total value of $252,720.00. Following the transaction, the chief executive officer now directly owns 460,309 shares in the company, valued at approximately $4,474,203.48. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

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.