KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its position in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 27.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,463 shares of the company’s stock after selling 5,361 shares during the quarter. BNP Paribas Financial Markets’ holdings in KKR Real Estate Finance Trust were worth $179,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GFS Advisors LLC grew its position in KKR Real Estate Finance Trust by 9,591.3% during the 3rd quarter. GFS Advisors LLC now owns 290,740 shares of the company’s stock worth $3,591,000 after purchasing an additional 287,740 shares in the last quarter. TrueMark Investments LLC acquired a new stake in shares of KKR Real Estate Finance Trust in the second quarter worth $1,305,000. Van ECK Associates Corp grew its position in KKR Real Estate Finance Trust by 27.6% during the third quarter. Van ECK Associates Corp now owns 455,291 shares of the company’s stock worth $5,372,000 after buying an additional 98,400 shares in the last quarter. Quest Partners LLC acquired a new position in shares of KKR Real Estate Finance Trust in the third quarter valued at $1,201,000. Finally, Algert Global LLC lifted its holdings in shares of KKR Real Estate Finance Trust by 88.6% during the 3rd quarter. Algert Global LLC now owns 166,373 shares of the company’s stock worth $2,055,000 after acquiring an additional 78,180 shares during the period. 70.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on KREF. Wells Fargo & Company increased their price target on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. JMP Securities boosted 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 report on Wednesday, October 30th. Raymond James reduced their target price on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods upgraded shares of 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 report on Thursday, September 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $12.75.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE KREF opened at $10.85 on Wednesday. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75. The business’s 50 day moving average price is $11.64 and its two-hundred day moving average price is $11.09. The company has a market cap of $754.87 million, a PE ratio of -36.17 and a beta of 0.98. KKR Real Estate Finance Trust Inc. has a twelve month low of $8.71 and a twelve month high of $14.12.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Monday, October 21st. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. The business had revenue of $140.15 million for the quarter, compared to analyst estimates of $39.52 million. During the same period in the previous year, the firm earned $0.47 EPS. On average, analysts predict that KKR Real Estate Finance Trust Inc. will post 1.4 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.22%. The ex-dividend date is Tuesday, December 31st. KKR Real Estate Finance Trust’s payout ratio is -333.33%.

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.