Rhumbline Advisers Has $1.63 Million Stock Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Rhumbline Advisers cut its stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 180,434 shares of the company’s stock after selling 4,426 shares during the period. Rhumbline Advisers owned about 0.26% of KKR Real Estate Finance Trust worth $1,633,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KREF. Charles Schwab Investment Management Inc. increased its holdings in KKR Real Estate Finance Trust by 14.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 804,214 shares of the company’s stock worth $10,640,000 after purchasing an additional 104,360 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter worth about $180,000. Quest Partners LLC acquired a new position in shares of KKR Real Estate Finance Trust in the fourth quarter valued at approximately $403,000. Aigen Investment Management LP bought a new position in KKR Real Estate Finance Trust in the 4th quarter valued at approximately $290,000. Finally, Allianz Asset Management GmbH boosted its position in KKR Real Estate Finance Trust by 3.6% during the 4th quarter. Allianz Asset Management GmbH now owns 545,212 shares of the company’s stock worth $7,213,000 after buying an additional 19,100 shares during the period. 70.23% of the stock is currently owned by institutional investors.

KKR Real Estate Finance Trust Stock Performance

Shares of KKR Real Estate Finance Trust stock opened at $12.60 on Friday. The business has a 50-day moving average price of $11.33 and a two-hundred day moving average price of $10.21. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.71 and a 1-year high of $14.12. The company has a current ratio of 392.62, a quick ratio of 392.62 and a debt-to-equity ratio of 3.86. The company has a market cap of $873.36 million, a P/E ratio of -27.39 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Monday, July 22nd. The company reported ($1.57) EPS for the quarter, missing the consensus estimate of $0.30 by ($1.87). KKR Real Estate Finance Trust had a return on equity of 9.88% and a net margin of 5.88%. The business had revenue of $47.60 million for the quarter, compared to analyst estimates of $45.47 million. During the same period in the prior year, the business earned $0.48 EPS. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.35 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.94%. KKR Real Estate Finance Trust’s payout ratio is presently -217.39%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of KKR Real Estate Finance Trust from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Wells Fargo & Company increased their price objective on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Friday. BTIG Research reaffirmed a “buy” rating and set a $11.50 target price on shares of KKR Real Estate Finance Trust in a report on Friday, July 19th. Raymond James increased their price target on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods upgraded KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $11.50 to $13.00 in a research report on Thursday, September 5th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.14.

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.