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

Signaturefd LLC lessened its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 14.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,651 shares of the company’s stock after selling 1,281 shares during the period. Signaturefd LLC’s holdings in KKR Real Estate Finance Trust were worth $101,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of KKR Real Estate Finance Trust by 18.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,854 shares of the company’s stock worth $8,307,000 after purchasing an additional 109,995 shares in the last quarter. Waverly Advisors LLC acquired a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter worth about $457,000. SG Americas Securities LLC purchased a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter valued at about $420,000. Raymond James Financial Services Advisors Inc. raised its position in shares of KKR Real Estate Finance Trust by 48.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 105,414 shares of the company’s stock worth $1,395,000 after acquiring an additional 34,538 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new stake in KKR Real Estate Finance Trust during the third quarter worth approximately $403,000. 70.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KREF. JPMorgan Chase & Co. cut 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. JMP Securities cut their price target 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 research note on Wednesday, February 7th. Wells Fargo & Company decreased their price objective on shares of KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Finally, Keefe, Bruyette & Woods cut their target price on KKR Real Estate Finance Trust from $10.00 to $9.75 and set a “market perform” rating on the stock in a research report on Friday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.96.

Insider Transactions at KKR Real Estate Finance Trust

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

KKR Real Estate Finance Trust Trading Down 0.2 %

Shares of KKR Real Estate Finance Trust stock opened at $9.61 on Tuesday. The company’s fifty day moving average is $9.80 and its two-hundred day moving average is $11.26. 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 4.20, a quick ratio of 364.56 and a current ratio of 364.56. The company has a market capitalization of $665.76 million, a P/E ratio of -20.88 and a beta of 0.96.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $151.62 million for the quarter, compared to analyst estimates of $43.16 million. KKR Real Estate Finance Trust had a positive return on equity of 10.38% and a negative net margin of 1.39%. During the same quarter last year, the company posted $0.48 earnings per share. Analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.33 earnings per share for the current year.

KKR Real Estate Finance Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.41%. The ex-dividend date of this dividend was Wednesday, March 27th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -217.39%.

About KKR Real Estate Finance Trust

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.