KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp cut its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 8.5% during the fourth quarter, Holdings Channel reports. The firm owned 416,473 shares of the company’s stock after selling 38,818 shares during the quarter. Van ECK Associates Corp’s holdings in KKR Real Estate Finance Trust were worth $4,206,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Abel Hall LLC acquired a new stake in KKR Real Estate Finance Trust in the third quarter valued at $138,000. First Trust Direct Indexing L.P. lifted its position in KKR Real Estate Finance Trust by 24.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company’s stock worth $159,000 after acquiring an additional 2,546 shares during the period. Intech Investment Management LLC acquired a new position in KKR Real Estate Finance Trust in the 3rd quarter valued at $197,000. Creative Planning raised its holdings in KKR Real Estate Finance Trust by 37.0% during the third quarter. Creative Planning now owns 21,524 shares of the company’s stock worth $266,000 after purchasing an additional 5,809 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in KKR Real Estate Finance Trust in the third quarter worth $422,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KREF has been the subject of a number of research reports. JMP Securities lifted their price target on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods decreased their price objective on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Raymond James decreased their price objective on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KKR Real Estate Finance Trust has an average rating of “Buy” and an average target price of $12.46.

KKR Real Estate Finance Trust Price Performance

KREF stock opened at $11.23 on Thursday. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50. The stock’s 50 day moving average is $10.56 and its two-hundred day moving average is $11.31. The company has a market capitalization of $771.27 million, a PE ratio of 62.36 and a beta of 1.00. KKR Real Estate Finance Trust Inc. has a 52-week low of $8.71 and a 52-week high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF) last issued 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 return on equity of 8.53% and a net margin of 6.30%. Analysts predict 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 business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.91%. The ex-dividend date was Tuesday, December 31st. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is 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.