KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Acquired by Algert Global LLC

Algert Global LLC lifted its stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 88.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,373 shares of the company’s stock after purchasing an additional 78,180 shares during the period. Algert Global LLC owned approximately 0.24% of KKR Real Estate Finance Trust worth $2,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC purchased a new position in shares of KKR Real Estate Finance Trust in the third quarter valued at $25,000. SG Americas Securities LLC acquired a new position in KKR Real Estate Finance Trust during the second quarter worth about $138,000. First Trust Direct Indexing L.P. lifted its holdings in shares of KKR Real Estate Finance Trust by 24.6% in the third quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company’s stock valued at $159,000 after purchasing an additional 2,546 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of KKR Real Estate Finance Trust by 17.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock valued at $170,000 after purchasing an additional 2,481 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter worth approximately $197,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Trading Up 0.4 %

Shares of KREF stock opened at $11.69 on Thursday. The firm’s 50-day simple moving average is $11.88 and its 200-day simple moving average is $10.91. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.71 and a 1-year high of $14.12. The firm has a market cap of $813.27 million, a P/E ratio of -38.80 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $140.15 million for the quarter, compared to the consensus estimate of $39.52 million. During the same quarter last year, the firm posted $0.47 earnings per share. As a group, equities analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.4 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend was Monday, September 30th. KKR Real Estate Finance Trust’s payout ratio is currently -333.32%.

Analysts Set New Price Targets

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