Barclays PLC Boosts Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Barclays PLC raised its stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 311.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,319 shares of the company’s stock after buying an additional 75,200 shares during the quarter. Barclays PLC owned about 0.14% of KKR Real Estate Finance Trust worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of KREF. Future Financial Wealth Managment LLC bought a new stake in KKR Real Estate Finance Trust in the third quarter worth $25,000. First Trust Direct Indexing L.P. lifted its position in KKR Real Estate Finance Trust by 24.6% during the third quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company’s stock valued at $159,000 after purchasing an additional 2,546 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of KKR Real Estate Finance Trust in the 3rd quarter worth $197,000. Creative Planning increased its holdings 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 buying an additional 5,809 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at about $422,000. Institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Trading Down 1.2 %

KREF stock opened at $10.28 on Monday. KKR Real Estate Finance Trust Inc. has a 12-month low of $8.71 and a 12-month high of $13.65. The business’s 50-day moving average is $11.40 and its 200 day moving average is $11.15. The company has a current ratio of 277.63, a quick ratio of 277.63 and a debt-to-equity ratio of 3.75. The stock has a market cap of $715.21 million, a price-to-earnings ratio of -34.27 and a beta of 0.98.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Monday, October 21st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $140.15 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.47 EPS. On average, sell-side analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.4 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.73%. KKR Real Estate Finance Trust’s payout ratio is -333.33%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. 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 report on Wednesday, October 30th. Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $11.50 to $13.00 in a research note on Thursday, September 5th. Raymond James reduced their price objective on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their target price on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Six investment 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 a consensus price target of $12.75.

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.