KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 3.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 283,897 shares of the company’s stock after buying an additional 8,873 shares during the quarter. Principal Financial Group Inc. owned about 0.41% of KKR Real Estate Finance Trust worth $2,867,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in shares of KKR Real Estate Finance Trust by 1.2% during the 4th quarter. Rhumbline Advisers now owns 175,092 shares of the company’s stock worth $1,768,000 after purchasing an additional 2,100 shares in the last quarter. Drive Wealth Management LLC increased its position 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 worth $877,000 after purchasing an additional 13,432 shares in the last quarter. Barclays PLC increased its position in KKR Real Estate Finance Trust by 311.8% during the 3rd quarter. Barclays PLC now owns 99,319 shares of the company’s stock worth $1,226,000 after purchasing an additional 75,200 shares in the last quarter. Abel Hall LLC acquired a new stake in KKR Real Estate Finance Trust during the 3rd quarter worth approximately $138,000. Finally, Zacks Investment Management purchased a new position in shares of KKR Real Estate Finance Trust in the third quarter valued at $2,792,000. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF opened at $10.74 on Wednesday. KKR Real Estate Finance Trust Inc. has a 1 year low of $8.71 and a 1 year high of $12.95. The company 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 quick ratio of 296.16 and a current ratio of 296.16. The firm has a fifty day moving average of $10.60 and a 200-day moving average of $11.33.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date of this dividend was Tuesday, December 31st. KKR Real Estate Finance Trust’s dividend payout ratio is currently 555.56%.

Analyst Ratings Changes

KREF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on 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. 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. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock 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.