Two Sigma Advisers LP Sells 22,900 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Two Sigma Advisers LP lessened its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 52.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,000 shares of the company’s stock after selling 22,900 shares during the quarter. Two Sigma Advisers LP’s holdings in KKR Real Estate Finance Trust were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sherbrooke Park Advisers LLC purchased a new stake in KKR Real Estate Finance Trust in the fourth quarter worth about $119,000. ProShare Advisors LLC grew its holdings in shares of KKR Real Estate Finance Trust by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 17,710 shares of the company’s stock worth $179,000 after acquiring an additional 5,457 shares during the period. Nuveen Asset Management LLC raised its position in shares of KKR Real Estate Finance Trust by 2.0% in the 4th quarter. Nuveen Asset Management LLC now owns 214,950 shares of the company’s stock worth $2,171,000 after acquiring an additional 4,294 shares in the last quarter. Millennium Management LLC lifted its stake in shares of KKR Real Estate Finance Trust by 40.6% in the 4th quarter. Millennium Management LLC now owns 280,650 shares of the company’s stock valued at $2,835,000 after purchasing an additional 81,028 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of KKR Real Estate Finance Trust by 10.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,045,773 shares of the company’s stock valued at $10,562,000 after purchasing an additional 95,540 shares in the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on KREF. JPMorgan Chase & Co. reduced 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 note on Wednesday, April 16th. Keefe, Bruyette & Woods downgraded shares of 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 report on Monday, April 7th. Finally, JMP Securities reissued a “market outperform” rating and set a $12.00 price target on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.88.

KKR Real Estate Finance Trust Trading Up 1.9%

KKR Real Estate Finance Trust stock opened at $9.20 on Friday. KKR Real Estate Finance Trust Inc. has a 12 month low of $8.28 and a 12 month high of $12.95. The company has a market capitalization of $623.48 million, a price-to-earnings ratio of 51.08 and a beta of 0.92. The business’s fifty day simple moving average is $9.17 and its two-hundred day simple moving average is $10.27. The company has a current ratio of 296.16, a quick 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) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.32). KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. The company had revenue of $31.34 million during the quarter, compared to analysts’ expectations of $34.77 million. As a group, equities analysts predict that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 10.88%. KKR Real Estate Finance Trust’s dividend payout ratio is presently 625.00%.

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.