Drive Wealth Management LLC Buys 13,658 Shares of KKR Real Estate Finance Trust $KREF

Drive Wealth Management LLC increased its position in KKR Real Estate Finance Trust (NYSE:KREF) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,601 shares of the company’s stock after purchasing an additional 13,658 shares during the quarter. Drive Wealth Management LLC owned approximately 0.18% of KKR Real Estate Finance Trust worth $1,079,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KREF. Graham Capital Management L.P. lifted its holdings in shares of KKR Real Estate Finance Trust by 72.4% in the 1st quarter. Graham Capital Management L.P. now owns 77,063 shares of the company’s stock worth $832,000 after buying an additional 32,374 shares during the period. Nuveen LLC bought a new stake in shares of KKR Real Estate Finance Trust in the 1st quarter valued at about $2,241,000. Charles Schwab Investment Management Inc. lifted its holdings in KKR Real Estate Finance Trust by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 666,973 shares of the company’s stock worth $7,203,000 after buying an additional 29,112 shares during the period. Rhino Investment Partners Inc lifted its stake in shares of KKR Real Estate Finance Trust by 207.7% during the 1st quarter. Rhino Investment Partners Inc now owns 296,668 shares of the company’s stock worth $3,204,000 after purchasing an additional 200,244 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted 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 valued at $26,000 after buying an additional 2,389 shares during the last quarter. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Trading Up 1.4%

Shares of KKR Real Estate Finance Trust stock opened at $8.63 on Monday. The firm’s 50 day simple moving average is $9.26 and its two-hundred day simple moving average is $9.17. The firm has a market capitalization of $566.82 million, a price-to-earnings ratio of -13.08 and a beta of 0.89. KKR Real Estate Finance Trust has a 12-month low of $8.27 and a 12-month high of $12.33. The company has a current ratio of 440.20, a quick ratio of 440.20 and a debt-to-equity ratio of 3.81.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data 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 negative net margin of 4.43% and a positive return on equity of 1.61%. The company had revenue of $35.75 million for the quarter, compared to analysts’ expectations of $32.55 million. Analysts predict that KKR Real Estate Finance Trust will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.6%. KKR Real Estate Finance Trust’s dividend payout ratio is currently -151.52%.

Analyst Ratings Changes

KREF has been the topic of a number of analyst reports. Wall Street Zen raised shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a report on Wednesday, October 8th. Finally, Zacks Research upgraded KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, KKR Real Estate Finance Trust presently has a consensus rating of “Hold” and an average price target of $11.44.

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.