KKR Real Estate Finance Trust Inc. (NYSE:KREF) Holdings Boosted by Drive Wealth Management LLC

Drive Wealth Management LLC boosted its holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 18.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 84,718 shares of the company’s stock after acquiring an additional 13,432 shares during the period. Drive Wealth Management LLC’s holdings in KKR Real Estate Finance Trust were worth $877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of KREF. Azora Capital LP bought a new position in KKR Real Estate Finance Trust in the third quarter worth about $20,167,000. GFS Advisors LLC raised its holdings in shares of KKR Real Estate Finance Trust by 9,591.3% during the third quarter. GFS Advisors LLC now owns 290,740 shares of the company’s stock valued at $3,591,000 after buying an additional 287,740 shares during the last quarter. Zacks Investment Management bought a new stake in shares of KKR Real Estate Finance Trust during the third quarter valued at approximately $2,792,000. Van ECK Associates Corp raised its holdings in shares of KKR Real Estate Finance Trust by 27.6% during the third quarter. Van ECK Associates Corp now owns 455,291 shares of the company’s stock valued at $5,372,000 after buying an additional 98,400 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of KKR Real Estate Finance Trust during the third quarter valued at approximately $1,201,000. Institutional investors own 70.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KREF shares. JPMorgan Chase & Co. cut their price target on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price target on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Raymond James cut their price target on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, JMP Securities raised their price objective on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $12.46.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE:KREF opened at $10.08 on Monday. KKR Real Estate Finance Trust Inc. has a 1 year low of $8.71 and a 1 year high of $13.19. The firm has a fifty day moving average price of $10.81 and a 200 day moving average price of $11.30. The company has a current ratio of 277.63, a quick ratio of 277.63 and a debt-to-equity ratio of 3.75.

KKR Real Estate Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.92%. The ex-dividend date of this dividend was Tuesday, December 31st. KKR Real Estate Finance Trust’s dividend payout ratio is -333.32%.

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.