KKR Real Estate Finance Trust (KREF) CEO Christen E.J. Lee Buys 2,000 Shares

KKR Real Estate Finance Trust (NYSE:KREF) CEO Christen E.J. Lee bought 2,000 shares of the company’s stock in a transaction dated Thursday, May 17th. The stock was bought at an average cost of $20.17 per share, with a total value of $40,340.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of KREF traded up $0.05 during midday trading on Friday, hitting $20.18. The company had a trading volume of 101,554 shares, compared to its average volume of 89,484. The company has a market capitalization of $1.07 billion and a P/E ratio of 16.14. KKR Real Estate Finance Trust has a 52 week low of $18.09 and a 52 week high of $23.99. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1,447.29 and a current ratio of 1,447.29.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Wednesday, May 9th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. KKR Real Estate Finance Trust had a net margin of 70.71% and a return on equity of 6.18%. The business had revenue of $31.69 million during the quarter, compared to the consensus estimate of $33.40 million. sell-side analysts expect that KKR Real Estate Finance Trust will post 1.67 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date of this dividend is Thursday, June 28th. This is an increase from KKR Real Estate Finance Trust’s previous quarterly dividend of $0.40. KKR Real Estate Finance Trust’s dividend payout ratio is currently 131.15%.

Several large investors have recently made changes to their positions in KREF. BlackRock Inc. grew its position in shares of KKR Real Estate Finance Trust by 41.4% during the 1st quarter. BlackRock Inc. now owns 986,725 shares of the company’s stock valued at $19,794,000 after buying an additional 289,125 shares during the last quarter. Vatera Holdings LLC bought a new stake in shares of KKR Real Estate Finance Trust during the 4th quarter valued at about $4,572,000. Renaissance Technologies LLC bought a new position in KKR Real Estate Finance Trust in the 4th quarter worth about $1,281,000. Deutsche Bank AG grew its position in KKR Real Estate Finance Trust by 408.4% in the 4th quarter. Deutsche Bank AG now owns 64,616 shares of the company’s stock worth $1,291,000 after purchasing an additional 51,907 shares during the last quarter. Finally, Northern Trust Corp grew its position in KKR Real Estate Finance Trust by 36.8% in the 1st quarter. Northern Trust Corp now owns 155,884 shares of the company’s stock worth $3,127,000 after purchasing an additional 41,949 shares during the last quarter. 73.05% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. ValuEngine downgraded shares of KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. JPMorgan Chase downgraded 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. Finally, Raymond James assumed coverage on shares of KKR Real Estate Finance Trust in a research report on Tuesday, March 27th. They issued an “outperform” rating and a $21.50 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. KKR Real Estate Finance Trust currently has a consensus rating of “Hold” and an average target price of $22.38.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.

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