Farther Finance Advisors LLC Grows Stock Position in KKR Real Estate Finance Trust (NYSE:KREF)

Farther Finance Advisors LLC boosted its stake in shares of KKR Real Estate Finance Trust (NYSE:KREF) by 9,954.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,413 shares of the company’s stock after buying an additional 2,389 shares during the quarter. Farther Finance Advisors LLC’s holdings in KKR Real Estate Finance Trust were worth $26,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KREF. GAMMA Investing LLC raised its holdings in KKR Real Estate Finance Trust by 2,508.7% during the 1st quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock valued at $58,000 after buying an additional 5,193 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at $96,000. Caxton Associates LP purchased a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at $110,000. Sherbrooke Park Advisers LLC purchased a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at $119,000. Finally, First Trust Advisors LP purchased a new stake in KKR Real Estate Finance Trust during the 4th quarter valued at $129,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KREF shares. JPMorgan Chase & Co. decreased their price target on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Keefe, Bruyette & Woods lowered KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating and set a $10.75 price target on the stock. in a report on Monday, April 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.88.

KKR Real Estate Finance Trust Stock Performance

Shares of KKR Real Estate Finance Trust stock opened at $9.02 on Thursday. The stock’s fifty day moving average is $9.17 and its two-hundred day moving average is $10.07. The company has a market capitalization of $611.65 million, a PE ratio of 56.38 and a beta of 0.92. The company has a quick ratio of 413.32, a current ratio of 413.32 and a debt-to-equity ratio of 3.77. KKR Real Estate Finance Trust has a 52 week low of $8.28 and a 52 week high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.32). The business had revenue of $31.34 million during the quarter, compared to the consensus estimate of $34.77 million. KKR Real Estate Finance Trust had a net margin of 6.42% and a return on equity of 5.90%. As a group, analysts expect that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.09%. The ex-dividend date of this dividend is Monday, June 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently 625.00%.

KKR Real Estate Finance Trust Company Profile

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.