Rhumbline Advisers Has $1.77 Million Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Rhumbline Advisers grew its position in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,092 shares of the company’s stock after buying an additional 2,100 shares during the quarter. Rhumbline Advisers owned approximately 0.25% of KKR Real Estate Finance Trust worth $1,768,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Azora Capital LP acquired a new position in KKR Real Estate Finance Trust in the 3rd quarter worth approximately $20,167,000. Van ECK Associates Corp boosted its position 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 worth $5,372,000 after buying an additional 98,400 shares during the period. FMR LLC grew its holdings in shares of KKR Real Estate Finance Trust by 3.4% during the third quarter. FMR LLC now owns 255,599 shares of the company’s stock valued at $3,157,000 after buying an additional 8,448 shares in the last quarter. Zacks Investment Management acquired a new position in KKR Real Estate Finance Trust during the third quarter valued at $2,792,000. Finally, Algert Global LLC lifted its stake in KKR Real Estate Finance Trust by 88.6% in the 3rd quarter. Algert Global LLC now owns 166,373 shares of the company’s stock worth $2,055,000 after acquiring an additional 78,180 shares in the last quarter. 70.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KREF. Keefe, Bruyette & Woods lowered their target price on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a research note 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 report on Tuesday, January 21st. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $12.46.

KKR Real Estate Finance Trust Stock Down 2.9 %

Shares of KKR Real Estate Finance Trust stock opened at $10.74 on Wednesday. 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 cap of $737.64 million, a price-to-earnings ratio of 59.64 and a beta of 1.00. 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 stock has a 50-day simple moving average of $10.60 and a 200-day simple moving average of $11.33.

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

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.32%. KKR Real Estate Finance Trust’s dividend payout ratio is presently 555.56%.

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.