KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 59.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,022 shares of the company’s stock after selling 144,572 shares during the period. Jane Street Group LLC owned approximately 0.15% of KKR Real Estate Finance Trust worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KREF. Illinois Municipal Retirement Fund increased its holdings in shares of KKR Real Estate Finance Trust by 6.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 31,711 shares of the company’s stock valued at $320,000 after purchasing an additional 1,842 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of KKR Real Estate Finance Trust by 5.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 41,975 shares of the company’s stock valued at $424,000 after purchasing an additional 2,051 shares during the period. Rhumbline Advisers increased its holdings in shares of KKR Real Estate Finance Trust by 1.2% in the fourth quarter. Rhumbline Advisers now owns 175,092 shares of the company’s stock valued at $1,768,000 after purchasing an additional 2,100 shares during the period. Legal & General Group Plc increased 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 during the period. Finally, MetLife Investment Management LLC increased its holdings in shares of KKR Real Estate Finance Trust by 13.1% in the fourth quarter. MetLife Investment Management LLC now owns 37,637 shares of the company’s stock valued at $380,000 after purchasing an additional 4,355 shares during the period. 70.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on KREF shares. JMP Securities restated a “market outperform” rating and issued a $12.00 target price on shares of KKR Real Estate Finance Trust in a research note on Tuesday. 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 on the stock. in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. lowered their target price on 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.88.

KKR Real Estate Finance Trust Stock Up 0.6%

Shares of KREF opened at $8.89 on Friday. The company has a market capitalization of $602.80 million, a price-to-earnings ratio of 49.39 and a beta of 0.95. The stock’s 50-day moving average price is $9.63 and its 200-day moving average price is $10.48. 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 Inc. has a 52 week low of $8.28 and a 52 week high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results 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 business had revenue of $31.34 million for the quarter, compared to analysts’ expectations of $34.77 million. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. On average, sell-side analysts predict that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 11.25%. KKR Real Estate Finance Trust’s dividend payout ratio is currently 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.