KKR Real Estate Finance Trust Inc. (NYSE:KREF) Stock Holdings Boosted by Barclays PLC

Barclays PLC grew its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,618 shares of the company’s stock after purchasing an additional 5,299 shares during the period. Barclays PLC owned approximately 0.15% of KKR Real Estate Finance Trust worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Legal & General Group Plc lifted its holdings in shares of KKR Real Estate Finance Trust by 2.2% in the fourth quarter. Legal & General Group Plc now owns 167,955 shares of the company’s stock valued at $1,696,000 after purchasing an additional 3,539 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of KKR Real Estate Finance Trust by 18.9% during the 4th quarter. Wells Fargo & Company MN now owns 158,669 shares of the company’s stock worth $1,603,000 after purchasing an additional 25,217 shares in the last quarter. Condor Capital Management grew its stake in shares of KKR Real Estate Finance Trust by 70.2% in the 4th quarter. Condor Capital Management now owns 251,273 shares of the company’s stock valued at $2,538,000 after buying an additional 103,654 shares in the last quarter. Prevail Innovative Wealth Advisors LLC increased its stake in shares of KKR Real Estate Finance Trust by 710.2% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 153,391 shares of the company’s stock worth $1,549,000 after purchasing an additional 134,459 shares during the last quarter. Finally, 1776 Wealth LLC bought a new position in KKR Real Estate Finance Trust during the fourth quarter valued at about $318,000. 70.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

KKR Real Estate Finance Trust Trading Up 0.1 %

Shares of KREF stock opened at $9.24 on Tuesday. The stock has a market cap of $626.53 million, a price-to-earnings ratio of 51.33 and a beta of 0.95. The firm has a fifty day moving average of $10.05 and a 200-day moving average of $10.68. KKR Real Estate Finance Trust Inc. has a 52-week low of $8.28 and a 52-week high of $12.95. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16.

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

KKR Real Estate Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.82%. KKR Real Estate Finance Trust’s dividend payout ratio is 625.00%.

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.