Swiss National Bank purchased a new stake in KKR Real Estate Finance Trust Inc (NYSE:KREF) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 22,900 shares of the company’s stock, valued at approximately $458,000.
Several other institutional investors have also recently bought and sold shares of KREF. Wells Fargo & Company MN raised its stake in KKR Real Estate Finance Trust by 293.7% during the 3rd quarter. Wells Fargo & Company MN now owns 6,712 shares of the company’s stock worth $141,000 after acquiring an additional 5,007 shares in the last quarter. Acadian Asset Management LLC acquired a new position in KKR Real Estate Finance Trust in the fourth quarter valued at $114,000. Nationwide Fund Advisors acquired a new position in KKR Real Estate Finance Trust in the second quarter valued at $128,000. The Manufacturers Life Insurance Company acquired a new position in KKR Real Estate Finance Trust in the second quarter valued at $154,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of KKR Real Estate Finance Trust in the third quarter valued at about $205,000. 73.19% of the stock is owned by institutional investors and hedge funds.
KREF traded down $0.05 on Friday, reaching $19.90. The company had a trading volume of 53,197 shares, compared to its average volume of 98,752. The firm has a market capitalization of $1,058.46 and a PE ratio of 16.18. The company has a quick ratio of 1,807.17, a current ratio of 1,807.17 and a debt-to-equity ratio of 0.91. KKR Real Estate Finance Trust Inc has a one year low of $18.09 and a one year high of $23.99.
KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). KKR Real Estate Finance Trust had a net margin of 71.04% and a return on equity of 5.77%. The business had revenue of $28.39 million for the quarter, compared to the consensus estimate of $23.83 million. equities analysts expect that KKR Real Estate Finance Trust Inc will post 1.6 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.04%. This is a positive change from KKR Real Estate Finance Trust’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Wednesday, March 28th. KKR Real Estate Finance Trust’s dividend payout ratio is 131.15%.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 10th. JPMorgan Chase cut shares of KKR Real Estate Finance Trust from a “neutral” rating to an “underweight” rating and set a $23.00 target price for the company. in a research report on Tuesday, February 6th. ValuEngine lowered shares of KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Raymond James Financial initiated coverage on shares of KKR Real Estate Finance Trust in a research report on Tuesday, March 27th. They set an “outperform” rating and a $21.50 price target for the company. Finally, Barclays assumed coverage on shares of KKR Real Estate Finance Trust in a research report on Friday, January 19th. They set an “overweight” rating for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $22.38.
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About KKR Real Estate Finance Trust
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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