KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 10.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 722,480 shares of the company’s stock after selling 87,852 shares during the period. Charles Schwab Investment Management Inc. owned about 1.04% of KKR Real Estate Finance Trust worth $8,923,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in shares of KKR Real Estate Finance Trust by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,542 shares of the company’s stock worth $349,000 after purchasing an additional 935 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the 3rd quarter worth $25,000. Price T Rowe Associates Inc. MD increased its holdings in shares of KKR Real Estate Finance Trust by 17.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock worth $170,000 after buying an additional 2,481 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of KKR Real Estate Finance Trust by 24.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company’s stock worth $159,000 after buying an additional 2,546 shares during the last quarter. Finally, Creative Planning boosted its position in KKR Real Estate Finance Trust by 37.0% during the 3rd quarter. Creative Planning now owns 21,524 shares of the company’s stock worth $266,000 after purchasing an additional 5,809 shares during the period. Institutional investors and hedge funds own 70.23% of the company’s stock.

Analysts Set New Price Targets

KREF has been the subject of a number of analyst reports. Raymond James decreased their price objective on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and raised their price target for the company from $11.50 to $13.00 in a research note on Thursday, September 5th. Wells Fargo & Company increased their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, September 20th. JPMorgan Chase & Co. reduced their target price on shares of KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating for the company in a report on Monday. Finally, JMP Securities raised their price objective on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $12.75.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF opened at $11.58 on Wednesday. The stock has a market capitalization of $805.62 million, a price-to-earnings ratio of -38.60 and a beta of 0.98. The company has a current ratio of 277.63, a quick ratio of 277.63 and a debt-to-equity ratio of 3.75. The firm has a fifty day simple moving average of $11.67 and a 200 day simple moving average of $11.03. KKR Real Estate Finance Trust Inc. has a 12 month low of $8.71 and a 12 month high of $14.12.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Monday, October 21st. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. The company had revenue of $140.15 million during the quarter, compared to analysts’ expectations of $39.52 million. During the same quarter last year, the company posted $0.47 EPS. Research analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.4 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 8.64%. KKR Real Estate Finance Trust’s dividend payout ratio is presently -333.32%.

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.