Nisa Investment Advisors LLC Sells 2,650 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Nisa Investment Advisors LLC decreased its holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,221 shares of the company’s stock after selling 2,650 shares during the period. Nisa Investment Advisors LLC’s holdings in KKR Real Estate Finance Trust were worth $506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Autumn Glory Partners LLC increased its holdings in shares of KKR Real Estate Finance Trust by 30.0% in the 4th quarter. Autumn Glory Partners LLC now owns 13,000 shares of the company’s stock worth $172,000 after purchasing an additional 3,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of KKR Real Estate Finance Trust by 48.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 105,414 shares of the company’s stock worth $1,395,000 after purchasing an additional 34,538 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of KKR Real Estate Finance Trust by 18.4% in the 3rd quarter. Deutsche Bank AG now owns 26,109 shares of the company’s stock worth $310,000 after purchasing an additional 4,057 shares in the last quarter. Graham Capital Management L.P. bought a new stake in shares of KKR Real Estate Finance Trust in the 3rd quarter worth $128,000. Finally, Comerica Bank bought a new stake in shares of KKR Real Estate Finance Trust in the 3rd quarter worth $318,000. Institutional investors own 70.23% of the company’s stock.

Insider Activity at KKR Real Estate Finance Trust

In related news, COO W Patrick Mattson bought 10,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average cost of $9.72 per share, for a total transaction of $97,200.00. Following the completion of the transaction, the chief operating officer now owns 308,446 shares of the company’s stock, valued at $2,998,095.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO W Patrick Mattson bought 10,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average cost of $9.72 per share, for a total transaction of $97,200.00. Following the completion of the transaction, the chief operating officer now owns 308,446 shares of the company’s stock, valued at $2,998,095.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew A. Salem acquired 26,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was acquired at an average price of $9.72 per share, for a total transaction of $252,720.00. Following the completion of the transaction, the chief executive officer now directly owns 460,309 shares of the company’s stock, valued at $4,474,203.48. The disclosure for this purchase can be found here. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on KREF. JPMorgan Chase & Co. reduced their target price on KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. Wells Fargo & Company dropped their price target on KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Finally, JMP Securities dropped their price target on KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating on the stock in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

KKR Real Estate Finance Trust Stock Performance

KREF stock opened at $9.41 on Thursday. The company has a market cap of $652.21 million, a P/E ratio of -12.06 and a beta of 0.96. KKR Real Estate Finance Trust Inc. has a 1 year low of $9.09 and a 1 year high of $14.12. The company has a debt-to-equity ratio of 4.32, a current ratio of 361.76 and a quick ratio of 361.75. The stock’s fifty day moving average price is $9.76 and its 200-day moving average price is $11.34.

KKR Real Estate Finance Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.00 annualized dividend and a yield of 10.63%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -128.21%.

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.