KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE boosted its stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 32.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,030 shares of the company’s stock after purchasing an additional 19,257 shares during the period. Bank of America Corp DE owned approximately 0.11% of KKR Real Estate Finance Trust worth $788,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its stake in KKR Real Estate Finance Trust by 1.2% during the 4th 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 in the last quarter. Principal Financial Group Inc. boosted its stake in shares of KKR Real Estate Finance Trust by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 283,897 shares of the company’s stock valued at $2,867,000 after buying an additional 8,873 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of KKR Real Estate Finance Trust during the 4th quarter valued at approximately $159,000. Illinois Municipal Retirement Fund grew its position in shares of KKR Real Estate Finance Trust by 6.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 31,711 shares of the company’s stock worth $320,000 after buying an additional 1,842 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of KKR Real Estate Finance Trust in the fourth quarter worth $1,835,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. decreased their price target on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. JMP Securities reaffirmed a “market outperform” rating and set a $12.00 target price on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods lowered 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 analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, KKR Real Estate Finance Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.88.

KKR Real Estate Finance Trust Stock Performance

KREF stock opened at $9.20 on Monday. The firm has a 50 day moving average of $9.17 and a two-hundred day moving average of $10.26. 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 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 released 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 firm had revenue of $31.34 million during the quarter, compared to the consensus estimate of $34.77 million. As a group, equities analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.88%. The ex-dividend date of this dividend was Monday, March 31st. KKR Real Estate Finance Trust’s payout ratio is 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.