Stephens Inc. AR Lowers Stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Stephens Inc. AR reduced its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 637,283 shares of the company’s stock after selling 8,595 shares during the period. Stephens Inc. AR’s holdings in KKR Real Estate Finance Trust were worth $7,870,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Trust Direct Indexing L.P. lifted its stake in shares of KKR Real Estate Finance Trust by 24.6% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company’s stock worth $159,000 after acquiring an additional 2,546 shares during the period. OmniStar Financial Group Inc. acquired a new stake in shares of KKR Real Estate Finance Trust in the 3rd quarter worth $492,000. Creative Planning lifted its stake in shares of KKR Real Estate Finance Trust by 37.0% in the 3rd quarter. Creative Planning now owns 21,524 shares of the company’s stock worth $266,000 after acquiring an additional 5,809 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of KKR Real Estate Finance Trust in the 3rd quarter worth $25,000. Finally, SG Americas Securities LLC lifted its stake in shares of KKR Real Estate Finance Trust by 128.3% in the 3rd quarter. SG Americas Securities LLC now owns 34,821 shares of the company’s stock worth $430,000 after acquiring an additional 19,570 shares during the period. 70.23% of the stock is owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Stock Up 0.1 %

Shares of NYSE KREF opened at $11.60 on Friday. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75. KKR Real Estate Finance Trust Inc. has a 52 week low of $8.71 and a 52 week high of $14.12. The firm has a 50-day moving average price of $11.99 and a 200 day moving average price of $10.63. The stock has a market capitalization of $807.05 million, a price-to-earnings ratio of -38.67 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Monday, October 21st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03. The firm had revenue of $140.15 million during the quarter, compared to analysts’ expectations of $39.52 million. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. During the same quarter last year, the business earned $0.47 earnings per share. Equities research analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.4 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date was Monday, September 30th. KKR Real Estate Finance Trust’s payout ratio is currently -333.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KREF shares. JMP Securities raised their target price on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on shares of KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods upgraded shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $11.50 to $13.00 in a research note on Thursday, September 5th. Raymond James reduced their target price on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, BTIG Research reiterated a “buy” rating and issued a $11.50 price objective on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $12.83.

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.