Penserra Capital Management LLC Buys 19,065 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Penserra Capital Management LLC raised its stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 22.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,365 shares of the company’s stock after acquiring an additional 19,065 shares during the quarter. Penserra Capital Management LLC’s holdings in KKR Real Estate Finance Trust were worth $1,264,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GFS Advisors LLC increased its position in shares of KKR Real Estate Finance Trust by 9,591.3% during the 3rd quarter. GFS Advisors LLC now owns 290,740 shares of the company’s stock worth $3,591,000 after purchasing an additional 287,740 shares in the last quarter. TrueMark Investments LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the second quarter worth approximately $1,305,000. Van ECK Associates Corp increased 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 worth $5,372,000 after buying an additional 98,400 shares in the last quarter. Quest Partners LLC bought a new position in shares of KKR Real Estate Finance Trust in the third quarter valued at approximately $1,201,000. Finally, Algert Global LLC boosted its holdings in shares of KKR Real Estate Finance Trust by 88.6% in the 3rd quarter. Algert Global LLC now owns 166,373 shares of the company’s stock worth $2,055,000 after acquiring an additional 78,180 shares in the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Performance

KKR Real Estate Finance Trust stock opened at $11.64 on Wednesday. The company has a market cap of $809.83 million, a PE ratio of -38.80 and a beta of 0.99. 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 Inc. has a 1 year low of $8.71 and a 1 year high of $14.12. The company’s 50-day moving average is $11.90 and its two-hundred day moving average is $10.89.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Monday, October 21st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. The business had revenue of $140.15 million for the quarter, compared to analyst estimates of $39.52 million. During the same period in the prior year, the business posted $0.47 earnings per share. Equities analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.4 earnings per share for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 8.59%. KKR Real Estate Finance Trust’s dividend payout ratio is presently -333.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KREF shares. Raymond James cut their price objective on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on shares of KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $11.50 to $13.00 in a research report on Thursday, September 5th. Wells Fargo & Company upped their target price on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Finally, JMP Securities raised their price target on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, KKR Real Estate Finance Trust presently has a consensus rating of “Buy” and an average price target of $12.83.

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.