Raymond James Financial Inc. Invests $1.84 Million in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Raymond James Financial Inc. bought a new stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 181,636 shares of the company’s stock, valued at approximately $1,835,000. Raymond James Financial Inc. owned 0.26% of KKR Real Estate Finance Trust as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter worth about $96,000. Y Intercept Hong Kong Ltd bought a new position in shares of KKR Real Estate Finance Trust in the 4th quarter worth $159,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of KKR Real Estate Finance Trust in the 4th quarter worth about $182,000. Renaissance Technologies LLC purchased a new position in shares of KKR Real Estate Finance Trust during the fourth quarter valued at approximately $213,000. Finally, Fox Run Management L.L.C. boosted its holdings in KKR Real Estate Finance Trust by 35.5% during the fourth quarter. Fox Run Management L.L.C. now owns 23,299 shares of the company’s stock worth $235,000 after purchasing an additional 6,110 shares during the last quarter. Institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Down 1.5 %

KREF stock opened at $9.12 on Friday. The business’s 50-day moving average price is $10.13 and its 200-day moving average price is $10.74. The stock has a market cap of $618.05 million, a P/E ratio of 50.64 and a beta of 0.88. KKR Real Estate Finance Trust Inc. has a twelve month low of $8.28 and a twelve month high of $12.95. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.32). KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. The business had revenue of $31.34 million for the quarter, compared to the consensus estimate of $34.77 million. On average, equities research analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 10.97%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is 625.00%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of KKR Real Estate Finance Trust from $11.50 to $9.50 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. JMP Securities lowered their target price on shares of KKR Real Estate Finance Trust from $13.00 to $12.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods downgraded KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating and set a $10.75 target price for the company. in a research report on Monday, April 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, KKR Real Estate Finance Trust has a consensus rating of “Moderate Buy” and a consensus price target of $11.88.

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.