State of Alaska Department of Revenue Sells 950 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF)

State of Alaska Department of Revenue reduced its stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,235 shares of the company’s stock after selling 950 shares during the period. State of Alaska Department of Revenue’s holdings in KKR Real Estate Finance Trust were worth $410,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new stake in shares of KKR Real Estate Finance Trust in the third quarter valued at approximately $25,000. EntryPoint Capital LLC bought a new position in shares of KKR Real Estate Finance Trust during the 1st quarter worth $54,000. SG Americas Securities LLC purchased a new position in shares of KKR Real Estate Finance Trust during the second quarter valued at $138,000. Price T Rowe Associates Inc. MD increased its stake in shares of KKR Real Estate Finance Trust by 17.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock valued at $170,000 after buying an additional 2,481 shares during the period. Finally, Everence Capital Management Inc. raised its holdings in shares of KKR Real Estate Finance Trust by 68.4% in the first quarter. Everence Capital Management Inc. now owns 23,160 shares of the company’s stock valued at $233,000 after acquiring an additional 9,410 shares in the last quarter. 70.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on KREF. JMP Securities raised their target price on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, September 20th. JPMorgan Chase & Co. upped their target price on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods raised KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and increased their target price for the company from $11.50 to $13.00 in a research report on Thursday, September 5th. Finally, BTIG Research reissued a “buy” rating and issued a $11.50 price target on shares of KKR Real Estate Finance Trust in a research report on Friday, July 19th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, KKR Real Estate Finance Trust has an average rating of “Buy” and an average price target of $12.83.

KKR Real Estate Finance Trust Trading Down 0.8 %

KKR Real Estate Finance Trust stock opened at $11.89 on Friday. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.71 and a 1-year high of $14.12. The business has a fifty day moving average price of $12.01 and a 200-day moving average price of $10.73. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. The business had revenue of $140.15 million during the quarter, compared to the consensus estimate of $39.52 million. During the same quarter last year, the company earned $0.47 earnings per share. As a group, equities analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.4 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 8.41%. KKR Real Estate Finance Trust’s payout ratio is -333.32%.

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.