Nisa Investment Advisors LLC Reduces Position in KKR Real Estate Finance Trust (NYSE:KREF)

Nisa Investment Advisors LLC reduced its position in KKR Real Estate Finance Trust (NYSE:KREF) by 11.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,058 shares of the company’s stock after selling 1,859 shares during the quarter. Nisa Investment Advisors LLC’s holdings in KKR Real Estate Finance Trust were worth $167,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KREF. Farther Finance Advisors LLC boosted its position in shares of KKR Real Estate Finance Trust by 9,954.2% during the first quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company’s stock worth $26,000 after buying an additional 2,389 shares during the period. GAMMA Investing LLC lifted its position in KKR Real Estate Finance Trust by 2,508.7% in the first quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock worth $58,000 after purchasing an additional 5,193 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in KKR Real Estate Finance Trust in the fourth quarter worth approximately $96,000. Caxton Associates LP bought a new position in shares of KKR Real Estate Finance Trust in the fourth quarter valued at $110,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of KKR Real Estate Finance Trust in the fourth quarter valued at $119,000. 70.23% of the stock is owned by institutional investors.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE:KREF opened at $9.01 on Friday. 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 one year low of $8.28 and a one year high of $12.95. The firm has a 50 day simple moving average of $9.14 and a 200 day simple moving average of $9.88. The company has a market cap of $611.10 million, a price-to-earnings ratio of 56.33 and a beta of 0.91.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.32). The business had revenue of $31.34 million during the quarter, compared to the consensus estimate of $34.77 million. KKR Real Estate Finance Trust had a net margin of 6.42% and a return on equity of 5.90%. Research analysts predict that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 11.10%. KKR Real Estate Finance Trust’s payout ratio is presently 625.00%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KREF. JPMorgan Chase & Co. lowered 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 report on Wednesday, April 16th. JMP Securities reiterated a “market outperform” rating and issued a $12.00 price objective on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 20th. Finally, 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 price target for the company. in a report on Monday, April 7th. One equities 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.com, KKR Real Estate Finance Trust has a consensus rating of “Moderate Buy” and an average price target of $11.88.

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.