Fmr LLC Boosts Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Fmr LLC lifted its position in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,599 shares of the company’s stock after acquiring an additional 8,448 shares during the quarter. Fmr LLC owned 0.37% of KKR Real Estate Finance Trust worth $3,157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new stake in KKR Real Estate Finance Trust during the third quarter valued at about $25,000. SG Americas Securities LLC acquired a new position in shares of KKR Real Estate Finance Trust during the second quarter valued at about $138,000. First Trust Direct Indexing L.P. raised its position in shares of KKR Real Estate Finance Trust by 24.6% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company’s stock valued at $159,000 after purchasing an additional 2,546 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in KKR Real Estate Finance Trust by 17.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock worth $170,000 after purchasing an additional 2,481 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter valued at $197,000. 70.23% of the stock is currently owned by institutional investors.

KKR Real Estate Finance Trust Stock Performance

Shares of KKR Real Estate Finance Trust stock opened at $11.50 on Friday. KKR Real Estate Finance Trust Inc. has a 12 month low of $8.71 and a 12 month high of $14.12. The business has a 50-day moving average of $11.65 and a 200 day moving average of $11.05. The stock has a market capitalization of $799.71 million, a price-to-earnings ratio of -38.32 and a beta of 0.98. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Monday, October 21st. The company reported $0.37 earnings per share 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 firm had revenue of $140.15 million for the quarter, compared to analyst estimates of $39.52 million. During the same period in the prior year, the firm earned $0.47 earnings per share. As a group, sell-side analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.4 earnings per share for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 8.70%. KKR Real Estate Finance Trust’s dividend payout ratio is presently -333.32%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KREF shares. Raymond James dropped their target price on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their target price on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. JMP Securities lifted their price objective on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. dropped their target price on KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating for the company in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $11.50 to $13.00 in a research note on Thursday, September 5th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $12.75.

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.