Future Financial Wealth Managment LLC purchased a new position in KKR Real Estate Finance Trust Inc. (NYSE:KREF – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,000 shares of the company’s stock, valued at approximately $40,000.
A number of other hedge funds have also recently modified their holdings of KREF. TFO Wealth Partners LLC grew its stake in shares of KKR Real Estate Finance Trust by 21,842.9% in the fourth quarter. TFO Wealth Partners LLC now owns 3,072 shares of the company’s stock worth $41,000 after purchasing an additional 3,058 shares during the last quarter. Autumn Glory Partners LLC boosted its stake in shares of KKR Real Estate Finance Trust by 30.0% during the 4th quarter. Autumn Glory Partners LLC now owns 13,000 shares of the company’s stock valued at $172,000 after purchasing an additional 3,000 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at approximately $180,000. Aigen Investment Management LP purchased a new position in shares of KKR Real Estate Finance Trust during the 4th quarter worth approximately $290,000. Finally, Quadrature Capital Ltd bought a new position in shares of KKR Real Estate Finance Trust in the 4th quarter worth approximately $300,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.
KKR Real Estate Finance Trust Price Performance
Shares of NYSE:KREF opened at $9.20 on Friday. The business has a fifty day moving average price of $9.52 and a 200-day moving average price of $10.62. The company has a debt-to-equity ratio of 4.20, a quick ratio of 364.56 and a current ratio of 364.56. KKR Real Estate Finance Trust Inc. has a 1-year low of $9.09 and a 1-year high of $14.12.
KKR Real Estate Finance Trust (NYSE:KREF – Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $151.62 million during the quarter, compared to the consensus estimate of $43.16 million. KKR Real Estate Finance Trust had a negative net margin of 1.39% and a positive return on equity of 10.38%. During the same quarter last year, the firm earned $0.48 earnings per share. As a group, analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.21 EPS for the current year.
KKR Real Estate Finance Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.88%. The ex-dividend date of this dividend is Friday, June 28th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -217.39%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on KREF shares. JMP Securities reaffirmed a “market outperform” rating and issued a $12.00 price target on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods reduced their target price on shares of KKR Real Estate Finance Trust from $10.00 to $9.75 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, KKR Real Estate Finance Trust currently has a consensus rating of “Moderate Buy” and an average price target of $11.82.
Check Out Our Latest Report on KREF
About KKR Real Estate Finance Trust
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.
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