KKR Real Estate Finance Trust (NYSE:KREF) Shares Acquired by Transce3nd LLC

Transce3nd LLC increased its stake in shares of KKR Real Estate Finance Trust (NYSE:KREF) by 8.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,264 shares of the company’s stock after buying an additional 4,610 shares during the quarter. Transce3nd LLC owned about 0.09% of KKR Real Estate Finance Trust worth $660,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KREF. Farther Finance Advisors LLC boosted its holdings in 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 purchasing an additional 2,389 shares during the last quarter. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 5,193 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at $96,000. Caxton Associates LP purchased a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at $110,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at $119,000. 70.23% of the stock is owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Trading Down 1.0%

Shares of KKR Real Estate Finance Trust stock opened at $9.01 on Friday. KKR Real Estate Finance Trust has a fifty-two week low of $8.28 and a fifty-two week high of $12.95. The company has a debt-to-equity ratio of 3.77, a quick ratio of 413.32 and a current ratio of 413.32. The firm has a 50-day simple moving average of $9.14 and a two-hundred day simple moving average of $9.88. The company has a market cap of $611.10 million, a P/E ratio of 56.33 and a beta of 0.91.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.32). KKR Real Estate Finance Trust had a return on equity of 5.90% and a net margin of 6.42%. The company had revenue of $31.34 million for the quarter, compared to analyst estimates of $34.77 million. As a group, equities analysts predict that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared 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. The ex-dividend date was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 11.10%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently 625.00%.

Wall Street Analyst Weigh In

Several research firms have commented on KREF. Keefe, Bruyette & Woods lowered shares of KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating and set a $10.75 price target on the stock. in a report on Monday, April 7th. JPMorgan Chase & Co. lowered their price target on shares of KKR Real Estate Finance Trust from $11.50 to $9.50 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.88.

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.