KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 144.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,896 shares of the company’s stock after purchasing an additional 86,327 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of KKR Real Estate Finance Trust worth $1,802,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. GFS Advisors LLC increased its holdings in shares of KKR Real Estate Finance Trust by 9,591.3% during the 3rd quarter. GFS Advisors LLC now owns 290,740 shares of the company’s stock worth $3,591,000 after buying an additional 287,740 shares during the last quarter. TrueMark Investments LLC purchased a new position in KKR Real Estate Finance Trust in the second quarter worth approximately $1,305,000. Van ECK Associates Corp increased its stake in KKR Real Estate Finance Trust by 27.6% during the third quarter. Van ECK Associates Corp now owns 455,291 shares of the company’s stock worth $5,372,000 after acquiring an additional 98,400 shares during the last quarter. Quest Partners LLC acquired a new stake in KKR Real Estate Finance Trust during the third quarter worth $1,201,000. Finally, Algert Global LLC raised its position in KKR Real Estate Finance Trust by 88.6% in the third quarter. Algert Global LLC now owns 166,373 shares of the company’s stock valued at $2,055,000 after purchasing an additional 78,180 shares during the period. 70.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

KKR Real Estate Finance Trust Trading Up 0.3 %

NYSE KREF opened at $11.50 on Monday. The company has a debt-to-equity ratio of 3.75, a quick ratio of 277.63 and a current ratio of 277.63. The firm has a market cap of $800.06 million, a price-to-earnings ratio of -38.33 and a beta of 0.98. The firm has a 50 day simple moving average of $11.65 and a 200-day simple moving average of $11.08. KKR Real Estate Finance Trust Inc. has a one year low of $8.71 and a one year high of $14.12.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.37 EPS for the quarter, beating the consensus estimate 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. Equities research analysts anticipate 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 8.70%. KKR Real Estate Finance Trust’s payout ratio is currently -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.