Two Sigma Investments LP Reduces Stock Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Two Sigma Investments LP cut its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 49.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,025 shares of the company’s stock after selling 56,753 shares during the quarter. Two Sigma Investments LP owned approximately 0.09% of KKR Real Estate Finance Trust worth $596,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KREF. Northern Trust Corp boosted its position in KKR Real Estate Finance Trust by 21.7% during the 4th quarter. Northern Trust Corp now owns 690,826 shares of the company’s stock valued at $6,977,000 after purchasing an additional 123,312 shares during the period. Deutsche Bank AG raised its position in shares of KKR Real Estate Finance Trust by 52.9% during the fourth quarter. Deutsche Bank AG now owns 54,522 shares of the company’s stock worth $551,000 after purchasing an additional 18,865 shares during the period. Legal & General Group Plc raised its position in shares of KKR Real Estate Finance Trust by 2.2% during the fourth quarter. Legal & General Group Plc now owns 167,955 shares of the company’s stock worth $1,696,000 after purchasing an additional 3,539 shares during the period. Dark Forest Capital Management LP purchased a new position in shares of KKR Real Estate Finance Trust during the fourth quarter valued at $301,000. Finally, Millennium Management LLC grew its holdings in shares of KKR Real Estate Finance Trust by 40.6% during the fourth quarter. Millennium Management LLC now owns 280,650 shares of the company’s stock valued at $2,835,000 after buying an additional 81,028 shares in the last quarter. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Stock Performance

KREF opened at $9.20 on Monday. The business’s 50-day moving average price is $9.17 and its two-hundred day moving average price is $10.26. KKR Real Estate Finance Trust Inc. has a 1 year low of $8.28 and a 1 year 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 debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 296.16.

KKR Real Estate Finance Trust (NYSE:KREF) last released its 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 company had revenue of $31.34 million during the quarter, compared to analyst estimates of $34.77 million. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. Equities analysts expect 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 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.88%. The ex-dividend date was Monday, March 31st. KKR Real Estate Finance Trust’s dividend payout ratio is presently 625.00%.

Analyst Ratings Changes

KREF has been the topic of a number of recent research reports. 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, May 20th. 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. Finally, JPMorgan Chase & Co. cut their price objective on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.