Thrivent Financial for Lutherans Has $565,000 Stock Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Thrivent Financial for Lutherans lessened its position in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,735 shares of the company’s stock after selling 2,599 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of KKR Real Estate Finance Trust worth $565,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of KREF. Price T Rowe Associates Inc. MD increased its position in shares of KKR Real Estate Finance Trust by 17.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock worth $170,000 after purchasing an additional 2,481 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter worth approximately $138,000. TrueMark Investments LLC acquired a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter worth approximately $1,305,000. Van ECK Associates Corp increased its position in shares of KKR Real Estate Finance Trust by 31.2% during the 2nd quarter. Van ECK Associates Corp now owns 356,891 shares of the company’s stock worth $3,230,000 after purchasing an additional 84,889 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter worth approximately $427,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Up 0.4 %

Shares of KKR Real Estate Finance Trust stock opened at $11.43 on Thursday. KKR Real Estate Finance Trust Inc. has a one year low of $8.71 and a one year high of $14.12. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63. The stock’s 50-day moving average is $11.75 and its 200 day moving average is $10.97. The firm has a market cap of $795.22 million, a price-to-earnings ratio of -38.10 and a beta of 0.98.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings results on Monday, October 21st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03. The business had revenue of $140.15 million for the quarter, compared to analyst estimates of $39.52 million. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. During the same quarter in the prior year, the company 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 year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.75%. The ex-dividend date was Monday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -333.33%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KREF shares. JMP Securities lifted their target price on 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, October 30th. JPMorgan Chase & Co. lifted their target price on 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. Wells Fargo & Company lifted their target price on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Raymond James reduced their target price on 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, Keefe, Bruyette & Woods upgraded KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $11.50 to $13.00 in a research note on Thursday, September 5th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $12.83.

KKR Real Estate Finance Trust 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.