KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Acquired by Barclays PLC

Barclays PLC lifted its stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 311.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,319 shares of the company’s stock after purchasing an additional 75,200 shares during the period. Barclays PLC owned approximately 0.14% of KKR Real Estate Finance Trust worth $1,226,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in KREF. The Manufacturers Life Insurance Company raised its position in KKR Real Estate Finance Trust by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 38,542 shares of the company’s stock worth $349,000 after acquiring an additional 935 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter worth approximately $25,000. First Trust Direct Indexing L.P. lifted its stake in 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 valued at $159,000 after buying an additional 2,546 shares in the last quarter. Creative Planning grew its holdings in KKR Real Estate Finance Trust by 37.0% during the 3rd quarter. Creative Planning now owns 21,524 shares of the company’s stock valued at $266,000 after buying an additional 5,809 shares during the last quarter. Finally, Algert Global LLC increased its position in KKR Real Estate Finance Trust by 7.2% during the second quarter. Algert Global LLC now owns 88,193 shares of the company’s stock worth $798,000 after buying an additional 5,933 shares in the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Price Performance

KREF opened at $10.02 on Tuesday. KKR Real Estate Finance Trust Inc. has a 1 year low of $8.71 and a 1 year high of $13.19. The company’s 50 day simple moving average is $11.09 and its 200 day simple moving average is $11.21. The stock has a market capitalization of $697.12 million, a PE ratio of -33.40 and a beta of 1.00. The company has a debt-to-equity ratio of 3.75, a quick ratio of 277.63 and a current ratio of 277.63.

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 for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $140.15 million for the quarter, compared to analyst estimates 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 EPS. As a group, sell-side analysts expect that KKR Real Estate Finance Trust Inc. will post 1.4 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The firm 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. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.98%. KKR Real Estate Finance Trust’s payout ratio is -333.33%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KREF shares. JMP Securities increased their price objective on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their price target on shares of 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 cut their price objective 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 report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, KKR Real Estate Finance Trust currently has a consensus rating of “Buy” and an average target price of $12.75.

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.