Deutsche Bank AG Has $527,000 Holdings in KKR Real Estate Finance Trust $KREF

Deutsche Bank AG lessened its position in shares of KKR Real Estate Finance Trust (NYSE:KREF) by 10.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,777 shares of the company’s stock after selling 5,745 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of KKR Real Estate Finance Trust worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of 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 purchasing an additional 2,389 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of KKR Real Estate Finance Trust by 2,508.7% during the 1st quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock worth $58,000 after purchasing an additional 5,193 shares in the last quarter. Caxton Associates LP acquired a new stake in shares of KKR Real Estate Finance Trust during the 4th quarter worth approximately $110,000. Sherbrooke Park Advisers LLC bought a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth approximately $119,000. Finally, First Trust Advisors LP bought a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth approximately $129,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Trading Up 0.2%

Shares of KREF opened at $9.48 on Wednesday. The stock has a fifty day moving average price of $9.14 and a two-hundred day moving average price of $9.65. The company has a debt-to-equity ratio of 3.81, a quick ratio of 440.20 and a current ratio of 440.20. KKR Real Estate Finance Trust has a 52-week low of $8.28 and a 52-week high of $12.95. The company has a market cap of $622.32 million, a price-to-earnings ratio of -14.36 and a beta of 0.92.

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

KKR Real Estate Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.25 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 10.6%. KKR Real Estate Finance Trust’s payout ratio is presently -151.52%.

Wall Street Analyst Weigh In

KREF has been the subject of several analyst reports. Wall Street Zen downgraded KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. JMP Securities restated a “market outperform” rating and set a $12.00 target price on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, KKR Real Estate Finance Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.95.

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.