Barclays PLC Raises Stock Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Barclays PLC raised its position in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 311.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 99,319 shares of the company’s stock after acquiring an additional 75,200 shares during the period. Barclays PLC’s holdings in KKR Real Estate Finance Trust were worth $1,226,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new stake in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at approximately $25,000. First Trust Direct Indexing L.P. raised its position in KKR Real Estate Finance Trust by 24.6% in the third quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company’s stock valued at $159,000 after purchasing an additional 2,546 shares during the period. Intech Investment Management LLC purchased a new stake in KKR Real Estate Finance Trust in the third quarter valued at $197,000. Creative Planning lifted its stake in shares of KKR Real Estate Finance Trust by 37.0% in the 3rd quarter. Creative Planning now owns 21,524 shares of the company’s stock valued at $266,000 after purchasing an additional 5,809 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of KKR Real Estate Finance Trust by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,542 shares of the company’s stock worth $349,000 after purchasing an additional 935 shares during the period. Hedge funds and other institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Price Performance

KKR Real Estate Finance Trust stock opened at $10.28 on Monday. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75. KKR Real Estate Finance Trust Inc. has a 52-week low of $8.71 and a 52-week high of $13.65. The firm has a market cap of $715.21 million, a PE ratio of -34.27 and a beta of 0.98. The company’s 50 day moving average is $11.40 and its two-hundred day moving average is $11.15.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Monday, October 21st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03. The business had revenue of $140.15 million for the quarter, compared to analysts’ expectations of $39.52 million. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. During the same period last year, the firm earned $0.47 earnings per share. On average, research analysts expect that KKR Real Estate Finance Trust Inc. will post 1.4 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 9.73%. The ex-dividend date is Tuesday, December 31st. KKR Real Estate Finance Trust’s payout ratio is presently -333.33%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KREF shares. JMP Securities increased their target price on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lowered their price objective on shares of KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. Wells Fargo & Company boosted their target price on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Raymond James lowered their price target on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods raised KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $11.50 to $13.00 in a research note on Thursday, September 5th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $12.75.

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.