Teacher Retirement System of Texas Cuts Stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Teacher Retirement System of Texas cut its stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 81.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,978 shares of the company’s stock after selling 57,079 shares during the quarter. Teacher Retirement System of Texas’ holdings in KKR Real Estate Finance Trust were worth $131,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in KKR Real Estate Finance Trust by 144.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,896 shares of the company’s stock valued at $1,802,000 after purchasing an additional 86,327 shares in the last quarter. Barclays PLC grew its holdings in shares of 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 buying an additional 75,200 shares during the last quarter. Zacks Investment Management bought a new stake in shares of KKR Real Estate Finance Trust during the third quarter valued at approximately $2,792,000. Stifel Financial Corp raised its holdings in KKR Real Estate Finance Trust by 420.7% in the 3rd quarter. Stifel Financial Corp now owns 116,113 shares of the company’s stock worth $1,434,000 after acquiring an additional 93,813 shares during the last quarter. Finally, FMR LLC lifted its position in KKR Real Estate Finance Trust by 3.4% in the 3rd quarter. FMR LLC now owns 255,599 shares of the company’s stock valued at $3,157,000 after acquiring an additional 8,448 shares in the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Price Performance

Shares of KREF opened at $10.61 on Thursday. The firm has a fifty day simple moving average of $10.91 and a two-hundred day simple moving average of $11.21. The firm has a market cap of $729.06 million, a PE ratio of 58.94 and a beta of 0.88. The company has a current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.71 and a 1-year high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, equities analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 9.43%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is 555.56%.

Analyst Ratings Changes

KREF has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their target price on 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. JPMorgan Chase & Co. reduced their price objective on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $12.46.

KKR Real Estate Finance Trust 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.