Bank of New York Mellon Corp acquired a new stake in KKR Real Estate Finance Trust Inc (NASDAQ:KREF) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 36,597 shares of the company’s stock, valued at approximately $787,000. Bank of New York Mellon Corp owned approximately 0.07% of KKR Real Estate Finance Trust at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers acquired a new stake in KKR Real Estate Finance Trust in the 2nd quarter valued at about $235,000. Schwab Charles Investment Management Inc. acquired a new stake in KKR Real Estate Finance Trust during the second quarter worth approximately $814,000. Botty Investors LLC acquired a new stake in KKR Real Estate Finance Trust during the second quarter worth approximately $6,110,000. Finally, Teacher Retirement System of Texas acquired a new stake in KKR Real Estate Finance Trust during the second quarter worth approximately $10,750,000.
Shares of KKR Real Estate Finance Trust Inc (NASDAQ KREF) traded up $0.04 during trading hours on Friday, reaching $19.92. 23,435 shares of the company were exchanged, compared to its average volume of 26,771. KKR Real Estate Finance Trust Inc has a fifty-two week low of $19.57 and a fifty-two week high of $23.99.
KKR Real Estate Finance Trust (NASDAQ:KREF) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $17.45 million during the quarter, compared to the consensus estimate of $17.87 million. KKR Real Estate Finance Trust had a net margin of 64.81% and a return on equity of 6.60%.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Saturday, September 30th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.48 dividend on an annualized basis and a yield of 7.43%.
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A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $22.00 price target on shares of KKR Real Estate Finance Trust in a research report on Friday. Zacks Investment Research downgraded shares of KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research report on Friday.
In other news, CEO Christen E.J. Lee acquired 17,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $19.95 per share, with a total value of $341,145.00. Following the completion of the purchase, the chief executive officer now directly owns 36,957 shares of the company’s stock, valued at approximately $737,292.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
KKR Real Estate Finance Trust Profile
KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds.
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