Raymond James Financial Inc. Purchases Shares of 181,636 KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Raymond James Financial Inc. purchased a new stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 181,636 shares of the company’s stock, valued at approximately $1,835,000. Raymond James Financial Inc. owned about 0.26% of KKR Real Estate Finance Trust 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. Azora Capital LP bought a new stake in KKR Real Estate Finance Trust during the 3rd quarter valued at $20,167,000. Principal Financial Group Inc. increased its position in shares of KKR Real Estate Finance Trust by 3.2% during the 4th 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 during the period. FMR LLC raised its stake in shares of KKR Real Estate Finance Trust by 3.4% in the 3rd quarter. FMR LLC now owns 255,599 shares of the company’s stock worth $3,157,000 after buying an additional 8,448 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of KKR Real Estate Finance Trust in the third quarter valued at $2,792,000. Finally, Rhumbline Advisers boosted its stake in KKR Real Estate Finance Trust by 1.2% during the fourth 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. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Stock Down 1.2 %

Shares of KKR Real Estate Finance Trust stock opened at $10.81 on Tuesday. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50. KKR Real Estate Finance Trust Inc. has a 12-month low of $8.71 and a 12-month high of $12.95. The firm has a market capitalization of $742.45 million, a PE ratio of 60.03 and a beta of 0.99. The stock’s fifty day moving average is $10.90 and its 200-day moving average is $11.23.

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

KKR Real Estate Finance Trust Dividend Announcement

The company also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a yield of 9.25%. The ex-dividend date is Monday, March 31st. KKR Real Estate Finance Trust’s dividend payout ratio is 555.56%.

Wall Street Analysts Forecast Growth

KREF has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price target on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $12.46.

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.