KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its position in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 5.4% in the fourth quarter, Holdings Channel reports. The firm owned 60,921 shares of the company’s stock after selling 3,475 shares during the quarter. Raymond James & Associates’ holdings in KKR Real Estate Finance Trust were worth $806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Autumn Glory Partners LLC acquired a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter valued at about $119,000. Commonwealth Equity Services LLC bought a new position in KKR Real Estate Finance Trust in the third quarter worth about $119,000. Samalin Investment Counsel LLC boosted its stake in KKR Real Estate Finance Trust by 15.6% in the third quarter. Samalin Investment Counsel LLC now owns 14,598 shares of the company’s stock valued at $173,000 after acquiring an additional 1,970 shares during the period. Mission Wealth Management LP bought a new position in shares of KKR Real Estate Finance Trust during the third quarter valued at approximately $177,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of KKR Real Estate Finance Trust during the 3rd quarter worth approximately $403,000. 70.23% of the stock is owned by institutional investors.

KKR Real Estate Finance Trust Price Performance

Shares of KREF opened at $9.85 on Tuesday. KKR Real Estate Finance Trust Inc. has a one year low of $9.09 and a one year high of $14.12. The stock’s fifty day moving average is $9.77 and its 200-day moving average is $11.31. The company has a debt-to-equity ratio of 4.32, a quick ratio of 361.75 and a current ratio of 361.76. The firm has a market capitalization of $682.70 million, a price-to-earnings ratio of -12.63 and a beta of 0.96.

KKR Real Estate Finance Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid 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 10.15%. KKR Real Estate Finance Trust’s payout ratio is -128.21%.

Insiders Place Their Bets

In related news, COO W Patrick Mattson acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $9.72 per share, for a total transaction of $97,200.00. Following the completion of the acquisition, 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 SEC, which is available at this link. In other news, COO W Patrick Mattson bought 10,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were acquired at an average cost of $9.72 per share, with a total value of $97,200.00. Following the completion of the transaction, the chief operating officer now directly owns 308,446 shares in the company, valued at approximately $2,998,095.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew A. Salem purchased 26,000 shares of KKR Real Estate Finance Trust stock in a transaction dated Thursday, February 8th. The stock was bought at an average cost of $9.72 per share, with a total value 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 insiders.

Wall Street Analysts Forecast Growth

KREF has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating for the company in a research report on Thursday, February 8th. JMP Securities lowered their price target on shares of KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating for the company in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. dropped their price objective 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, April 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $12.33.

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.