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

Principal Financial Group Inc. trimmed its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,134 shares of the company’s stock after selling 8,216 shares during the period. Principal Financial Group Inc. owned about 0.49% of KKR Real Estate Finance Trust worth $3,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in KKR Real Estate Finance Trust by 9.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,148,784 shares of the company’s stock worth $21,617,000 after acquiring an additional 178,603 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in KKR Real Estate Finance Trust by 14.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 804,214 shares of the company’s stock worth $10,640,000 after buying an additional 104,360 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in KKR Real Estate Finance Trust by 3.6% during the fourth quarter. Allianz Asset Management GmbH now owns 545,212 shares of the company’s stock valued at $7,213,000 after buying an additional 19,100 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of KKR Real Estate Finance Trust by 15.4% in the first quarter. Van ECK Associates Corp now owns 272,002 shares of the company’s stock worth $2,736,000 after buying an additional 36,299 shares during the last quarter. Finally, Significant Wealth Partners LLC boosted its stake in shares of KKR Real Estate Finance Trust by 21.1% during the 1st quarter. Significant Wealth Partners LLC now owns 259,787 shares of the company’s stock worth $2,613,000 after acquiring an additional 45,308 shares in the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KREF shares. BTIG Research restated a “buy” rating and issued a $11.50 target price on shares of KKR Real Estate Finance Trust in a report on Friday, July 19th. Keefe, Bruyette & Woods raised KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $11.50 to $13.00 in a research report on Thursday, September 5th. JPMorgan Chase & Co. decreased their target price on KKR Real Estate Finance Trust from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $12.00 target price on shares of KKR Real Estate Finance Trust in a research report on Tuesday, May 21st. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, KKR Real Estate Finance Trust currently has a consensus rating of “Moderate Buy” and an average price target of $11.71.

KKR Real Estate Finance Trust Stock Down 0.1 %

KREF opened at $12.03 on Thursday. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.71 and a 1-year high of $14.12. The company has a current ratio of 392.62, a quick ratio of 392.62 and a debt-to-equity ratio of 3.86. The stock has a market capitalization of $834.04 million, a price-to-earnings ratio of -26.15 and a beta of 0.99. The business has a 50 day moving average of $10.95 and a 200-day moving average of $10.09.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Monday, July 22nd. The company reported ($1.57) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($1.87). KKR Real Estate Finance Trust had a net margin of 5.88% and a return on equity of 9.88%. The business had revenue of $47.60 million during the quarter, compared to the consensus estimate of $45.47 million. During the same period in the prior year, the company posted $0.48 earnings per share. The firm’s revenue was down 6.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.35 earnings per share for the current year.

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.