Rhino Investment Partners Inc Raises Holdings in KKR Real Estate Finance Trust $KREF

Rhino Investment Partners Inc increased its position in shares of KKR Real Estate Finance Trust (NYSE:KREF) by 207.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 296,668 shares of the company’s stock after buying an additional 200,244 shares during the quarter. Rhino Investment Partners Inc’s holdings in KKR Real Estate Finance Trust were worth $3,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of KKR Real Estate Finance Trust by 9,954.2% in the first quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company’s stock valued at $26,000 after acquiring an additional 2,389 shares during the period. GAMMA Investing LLC raised its holdings in shares of KKR Real Estate Finance Trust by 2,508.7% in the first quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock valued at $58,000 after buying an additional 5,193 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter worth about $110,000. Sherbrooke Park Advisers LLC acquired a new position in KKR Real Estate Finance Trust in the 4th quarter valued at about $119,000. Finally, First Trust Advisors LP acquired a new stake in KKR Real Estate Finance Trust during the 4th quarter worth approximately $129,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. JMP Securities restated a “market outperform” rating and set a $12.00 price target on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 20th. Wall Street Zen downgraded shares of KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, KKR Real Estate Finance Trust presently has an average rating of “Moderate Buy” and an average target price of $11.95.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE:KREF opened at $9.3250 on Thursday. KKR Real Estate Finance Trust has a 12 month low of $8.28 and a 12 month high of $12.95. The firm has a market capitalization of $612.47 million, a price-to-earnings ratio of -14.13 and a beta of 0.92. The business’s 50 day simple moving average is $9.13 and its 200-day simple moving average is $9.70. The company has a debt-to-equity ratio of 3.81, a current ratio of 440.20 and a quick ratio of 440.20.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Tuesday, July 22nd. The company reported ($0.53) EPS for the quarter, missing the consensus estimate 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. As a group, equities analysts forecast that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The business 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 dividend yield of 10.7%. The ex-dividend date was Monday, June 30th. KKR Real Estate Finance Trust’s payout ratio is currently -151.52%.

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.