Y Intercept Hong Kong Ltd Acquires New Shares in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Y Intercept Hong Kong Ltd bought a new position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 15,764 shares of the company’s stock, valued at approximately $159,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Azora Capital LP bought a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at about $20,167,000. Zacks Investment Management bought a new position in KKR Real Estate Finance Trust in the third quarter valued at approximately $2,792,000. Van ECK Associates Corp boosted its holdings in shares of KKR Real Estate Finance Trust by 27.6% in the third quarter. Van ECK Associates Corp now owns 455,291 shares of the company’s stock valued at $5,372,000 after buying an additional 98,400 shares during the period. Quest Partners LLC acquired a new position in shares of KKR Real Estate Finance Trust in the third quarter valued at approximately $1,201,000. Finally, Stifel Financial Corp increased its position in shares of KKR Real Estate Finance Trust by 420.7% during the third quarter. Stifel Financial Corp now owns 116,113 shares of the company’s stock worth $1,434,000 after acquiring an additional 93,813 shares in the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Stock Up 0.9 %

KKR Real Estate Finance Trust stock opened at $10.82 on Thursday. The company has a fifty day simple moving average of $10.60 and a 200 day simple moving average of $11.33. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.71 and a 1-year high of $12.95. The company has a market cap of $743.14 million, a P/E ratio of 60.08 and a beta of 1.00.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.20. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. Research analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.25%. The ex-dividend date was Tuesday, December 31st. KKR Real Estate Finance Trust’s dividend payout ratio is currently 555.56%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price target on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $12.46.

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.