KKR Real Estate Finance Trust Inc (KREF) Position Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in KKR Real Estate Finance Trust Inc (NYSE:KREF) by 9.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 72,455 shares of the company’s stock after purchasing an additional 6,528 shares during the quarter. Bank of New York Mellon Corp’s holdings in KKR Real Estate Finance Trust were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of KREF. Russell Investments Group Ltd. bought a new position in KKR Real Estate Finance Trust in the 3rd quarter worth approximately $135,000. Prudential Financial Inc. bought a new position in KKR Real Estate Finance Trust in the 3rd quarter worth approximately $270,000. SG Americas Securities LLC bought a new position in KKR Real Estate Finance Trust in the 3rd quarter worth approximately $312,000. First Trust Advisors LP bought a new position in KKR Real Estate Finance Trust in the 3rd quarter worth approximately $628,000. Finally, Millennium Management LLC bought a new position in KKR Real Estate Finance Trust in the 2nd quarter worth approximately $901,000. 74.62% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on KREF shares. Zacks Investment Research downgraded KKR Real Estate Finance Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 9th. JPMorgan Chase & Co. upgraded KKR Real Estate Finance Trust from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $20.00 to $20.50 in a research report on Wednesday, January 16th. Finally, Keefe, Bruyette & Woods upgraded KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Sunday, December 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.42.



KREF opened at $20.19 on Friday. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 2.34 and a beta of 0.14. The company has a debt-to-equity ratio of 1.97, a current ratio of 530.45 and a quick ratio of 530.44. KKR Real Estate Finance Trust Inc has a 1-year low of $18.54 and a 1-year high of $21.41.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Wednesday, February 20th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The firm had revenue of $59.62 million during the quarter, compared to analyst estimates of $30.10 million. KKR Real Estate Finance Trust had a return on equity of 9.25% and a net margin of 48.98%. On average, analysts predict that KKR Real Estate Finance Trust Inc will post 1.73 EPS for the current fiscal year.

In other news, CEO Christen E.J. Lee bought 8,400 shares of the business’s stock in a transaction on Friday, November 30th. The stock was purchased at an average cost of $19.42 per share, for a total transaction of $163,128.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.91% of the company’s stock.

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

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