Kore Private Wealth LLC Decreases Stock Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Kore Private Wealth LLC trimmed its holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 17.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the company’s stock after selling 3,291 shares during the quarter. Kore Private Wealth LLC’s holdings in KKR Real Estate Finance Trust were worth $346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Advisor Group Holdings Inc. increased its holdings in shares of KKR Real Estate Finance Trust by 35.6% during the 2nd quarter. Advisor Group Holdings Inc. now owns 1,818 shares of the company’s stock worth $38,000 after buying an additional 477 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of KKR Real Estate Finance Trust by 16.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,553 shares of the company’s stock worth $77,000 after buying an additional 496 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of KKR Real Estate Finance Trust by 0.6% during the 2nd quarter. Rhumbline Advisers now owns 101,588 shares of the company’s stock worth $2,197,000 after buying an additional 574 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of KKR Real Estate Finance Trust by 159.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,218 shares of the company’s stock worth $26,000 after buying an additional 749 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of KKR Real Estate Finance Trust by 6.0% during the 2nd quarter. Deutsche Bank AG now owns 22,231 shares of the company’s stock worth $481,000 after buying an additional 1,266 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust stock opened at $22.10 on Thursday. KKR Real Estate Finance Trust Inc. has a fifty-two week low of $16.15 and a fifty-two week high of $23.42. The company has a debt-to-equity ratio of 3.42, a quick ratio of 619.94 and a current ratio of 619.94. The firm has a 50 day moving average price of $21.27 and a 200 day moving average price of $21.05. The company has a market capitalization of $1.23 billion, a PE ratio of 10.19 and a beta of 0.70.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Sunday, July 25th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. KKR Real Estate Finance Trust had a net margin of 51.55% and a return on equity of 11.24%. As a group, equities research analysts forecast that KKR Real Estate Finance Trust Inc. will post 2.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be given a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $1.72 annualized dividend and a yield of 7.78%. KKR Real Estate Finance Trust’s dividend payout ratio is presently 88.21%.

In other KKR Real Estate Finance Trust news, Director Christen E.J. Lee sold 10,387 shares of the firm’s stock in a transaction that occurred on Friday, July 30th. The shares were sold at an average price of $21.65, for a total value of $224,878.55. Following the completion of the transaction, the director now owns 262,324 shares of the company’s stock, valued at approximately $5,679,314.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

A number of brokerages have recently issued reports on KREF. JMP Securities restated a “market outperform” rating and set a $20.91 price target (down previously from $21.50) on shares of KKR Real Estate Finance Trust in a report on Tuesday, July 27th. Zacks Investment Research downgraded shares of KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a report on Wednesday, September 29th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $21.68.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust, Inc is a real estate finance company, which focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. Its target assets include mezzanine loans, preferred equity and other debt-oriented instruments. The company’s investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, primarily through dividends.

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Institutional Ownership by Quarter for KKR Real Estate Finance Trust (NYSE:KREF)

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