KKR Real Estate Finance Trust Inc. (NYSE:KREF) Holdings Cut by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,917 shares of the company’s stock after selling 1,907 shares during the period. Nisa Investment Advisors LLC’s holdings in KKR Real Estate Finance Trust were worth $176,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KREF. Barclays PLC boosted its position in KKR Real Estate Finance Trust by 311.8% during the third quarter. Barclays PLC now owns 99,319 shares of the company’s stock valued at $1,226,000 after purchasing an additional 75,200 shares during the last quarter. Abel Hall LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at about $138,000. Zacks Investment Management bought a new stake in shares of KKR Real Estate Finance Trust in the 3rd quarter valued at approximately $2,792,000. Stifel Financial Corp raised its position in 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 valued at $1,434,000 after acquiring an additional 93,813 shares in the last quarter. Finally, Azora Capital LP acquired a new stake in KKR Real Estate Finance Trust in the third quarter valued at approximately $20,167,000. 70.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KREF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods decreased their price objective on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a report on Tuesday, January 14th. Raymond James reduced their target price on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price objective 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. Finally, 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 note on Wednesday, October 30th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $12.46.

KKR Real Estate Finance Trust Stock Up 0.3 %

Shares of KREF opened at $10.06 on Friday. The company has a debt-to-equity ratio of 3.75, a quick ratio of 277.63 and a current ratio of 277.63. The company has a 50-day simple moving average of $10.70 and a 200-day simple moving average of $11.29. KKR Real Estate Finance Trust Inc. has a 52 week low of $8.71 and a 52 week high of $12.95. The firm has a market capitalization of $699.53 million, a P/E ratio of -33.52 and a beta of 1.00.

KKR Real Estate Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.95%. The ex-dividend date of this dividend was Tuesday, December 31st. KKR Real Estate Finance Trust’s payout ratio is presently -333.32%.

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.