Rhumbline Advisers Has $1.79 Million Holdings in KKR Real Estate Finance Trust (NYSE:KREF)

Rhumbline Advisers lessened its position in KKR Real Estate Finance Trust (NYSE:KREF) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 166,158 shares of the company’s stock after selling 8,934 shares during the period. Rhumbline Advisers owned approximately 0.24% of KKR Real Estate Finance Trust worth $1,794,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Illinois Municipal Retirement Fund raised its holdings 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 acquiring an additional 1,842 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of KKR Real Estate Finance Trust by 5.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 41,975 shares of the company’s stock valued at $424,000 after acquiring an additional 2,051 shares during the period. Legal & General Group Plc grew its holdings in 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. Nuveen Asset Management LLC boosted its stake in shares of KKR Real Estate Finance Trust by 2.0% during 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 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 last quarter. Institutional investors own 70.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on KREF shares. JMP Securities reaffirmed a “market outperform” rating and issued a $12.00 target price on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods cut shares of 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. Finally, JPMorgan Chase & Co. dropped 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. According to MarketBeat.com, 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

KKR Real Estate Finance Trust stock opened at $9.10 on Wednesday. The business has a 50 day moving average of $9.15 and a 200-day moving average of $10.16. The company has a debt-to-equity ratio of 3.77, a current ratio of 413.32 and a quick ratio of 413.32. KKR Real Estate Finance Trust has a 1 year low of $8.28 and a 1 year high of $12.95. The company has a market capitalization of $617.07 million, a P/E ratio of 56.88 and a beta of 0.92.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.15) 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 5.90% and a net margin of 6.42%. The company had revenue of $31.34 million for the quarter, compared to analyst estimates of $34.77 million. On average, equities research analysts predict that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 10.99%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently 625.00%.

KKR Real Estate Finance Trust 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.