Maryland State Retirement & Pension System Reduces Stock Holdings in KKR Real Estate Finance Trust $KREF

Maryland State Retirement & Pension System cut its holdings in KKR Real Estate Finance Trust (NYSE:KREF) by 14.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,843 shares of the company’s stock after selling 2,824 shares during the quarter. Maryland State Retirement & Pension System’s holdings in KKR Real Estate Finance Trust were worth $182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KREF. Farther Finance Advisors LLC lifted its position in KKR Real Estate Finance Trust by 9,954.2% during the 1st quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company’s stock worth $26,000 after acquiring an additional 2,389 shares during the period. GAMMA Investing LLC boosted its holdings in shares of KKR Real Estate Finance Trust by 2,508.7% in the 1st quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock valued at $58,000 after acquiring an additional 5,193 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of KKR Real Estate Finance Trust in the fourth quarter worth $110,000. Sherbrooke Park Advisers LLC purchased a new position in shares of KKR Real Estate Finance Trust during the fourth quarter worth $119,000. Finally, First Trust Advisors LP acquired a new position in shares of KKR Real Estate Finance Trust in the 4th quarter valued at about $129,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Price Performance

KKR Real Estate Finance Trust stock opened at $9.2750 on Wednesday. The company has a fifty day simple moving average of $9.14 and a 200-day simple moving average of $9.71. The firm has a market capitalization of $609.18 million, a price-to-earnings ratio of -14.05 and a beta of 0.92. The company has a quick ratio of 440.20, a current ratio of 440.20 and a debt-to-equity ratio of 3.81. KKR Real Estate Finance Trust has a 52-week low of $8.28 and a 52-week high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Tuesday, July 22nd. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.37). KKR Real Estate Finance Trust had a positive return on equity of 1.61% and a negative net margin of 4.43%.The business had revenue of $35.75 million during the quarter, compared to analysts’ expectations of $32.55 million. On average, equities analysts anticipate that KKR Real Estate Finance Trust will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.8%. The ex-dividend date was Monday, June 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -151.52%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JMP Securities reiterated 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. Wall Street Zen cut KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.95.

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.