KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 637,861 shares of the company’s stock after selling 84,619 shares during the period. Charles Schwab Investment Management Inc. owned 0.92% of KKR Real Estate Finance Trust worth $6,442,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund increased its stake in shares of KKR Real Estate Finance Trust by 6.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 31,711 shares of the company’s stock valued at $320,000 after purchasing an additional 1,842 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in KKR Real Estate Finance Trust in the 4th quarter valued at approximately $159,000. Principal Financial Group Inc. raised its stake in shares of KKR Real Estate Finance Trust by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 283,897 shares of the company’s stock valued at $2,867,000 after purchasing an additional 8,873 shares in the last quarter. Rhumbline Advisers grew its position in KKR Real Estate Finance Trust by 1.2% in the 4th quarter. Rhumbline Advisers now owns 175,092 shares of the company’s stock valued at $1,768,000 after buying an additional 2,100 shares in the last quarter. Finally, Drive Wealth Management LLC increased its stake in KKR Real Estate Finance Trust by 18.8% during the 4th quarter. Drive Wealth Management LLC now owns 84,718 shares of the company’s stock valued at $877,000 after buying an additional 13,432 shares during the period. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF opened at $11.40 on Tuesday. The company has a debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 296.16. The firm’s 50 day moving average is $10.84 and its 200-day moving average is $11.27. KKR Real Estate Finance Trust Inc. has a 12-month low of $8.71 and a 12-month high of $12.95. The stock has a market capitalization of $783.00 million, a P/E ratio of 63.31 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.28 earnings per share (EPS) 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%. Equities research analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 8.78%. KKR Real Estate Finance Trust’s dividend payout ratio is currently 555.56%.

Wall Street Analysts Forecast Growth

KREF has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. cut their target price on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. 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 an average price target of $12.46.

About KKR Real Estate Finance Trust

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.