Raymond James & Associates Lowers Stock Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Raymond James & Associates decreased its holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,921 shares of the company’s stock after selling 3,475 shares during the quarter. Raymond James & Associates owned about 0.09% of KKR Real Estate Finance Trust worth $806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth about $119,000. Autumn Glory Partners LLC acquired a new stake in KKR Real Estate Finance Trust during the 3rd quarter worth approximately $119,000. Samalin Investment Counsel LLC lifted its position in KKR Real Estate Finance Trust by 15.6% during the 3rd quarter. Samalin Investment Counsel LLC now owns 14,598 shares of the company’s stock worth $173,000 after acquiring an additional 1,970 shares during the period. Mission Wealth Management LP purchased a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter valued at approximately $177,000. Finally, Illinois Municipal Retirement Fund acquired a new position in shares of KKR Real Estate Finance Trust in the third quarter valued at approximately $403,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Price Performance

KKR Real Estate Finance Trust stock opened at $9.85 on Tuesday. The company has a market cap of $682.70 million, a P/E ratio of -12.63 and a beta of 0.96. KKR Real Estate Finance Trust Inc. has a one year low of $9.09 and a one year high of $14.12. The business has a fifty day moving average of $9.77 and a two-hundred day moving average of $11.31. The company has a debt-to-equity ratio of 4.32, a quick ratio of 361.75 and a current ratio of 361.76.

KKR Real Estate Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.15%. The ex-dividend date was Wednesday, March 27th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -128.21%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. Wells Fargo & Company reduced their target price on shares of KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Finally, JMP Securities lowered their target price on shares of KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating on the stock in a report on Wednesday, February 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $12.33.

Insider Buying and Selling

In related news, CEO Matthew A. Salem bought 26,000 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was bought at an average cost of $9.72 per share, with a total value of $252,720.00. Following the completion of the acquisition, the chief executive officer now owns 460,309 shares in the company, valued at approximately $4,474,203.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Matthew A. Salem bought 26,000 shares of the stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $9.72 per share, with a total value of $252,720.00. Following the completion of the acquisition, the chief executive officer now owns 460,309 shares of the company’s stock, valued at $4,474,203.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO W Patrick Mattson purchased 10,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was purchased at an average price of $9.72 per share, with a total value of $97,200.00. Following the transaction, the chief operating officer now owns 308,446 shares of the company’s stock, valued at $2,998,095.12. The disclosure for this purchase can be found here. 1.60% of the stock is owned by insiders.

About KKR Real Estate Finance Trust

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.