Louisiana State Employees Retirement System Has $348,000 Stock Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Louisiana State Employees Retirement System lowered its stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,200 shares of the company’s stock after selling 1,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in KKR Real Estate Finance Trust were worth $348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in KKR Real Estate Finance Trust during the third quarter worth $25,000. EntryPoint Capital LLC bought a new stake in shares of KKR Real Estate Finance Trust in the 1st quarter valued at about $54,000. SG Americas Securities LLC acquired a new stake in KKR Real Estate Finance Trust in the 2nd quarter valued at about $138,000. Price T Rowe Associates Inc. MD grew its holdings in KKR Real Estate Finance Trust by 17.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock worth $170,000 after purchasing an additional 2,481 shares during the period. Finally, Everence Capital Management Inc. increased its position in KKR Real Estate Finance Trust by 68.4% during the first quarter. Everence Capital Management Inc. now owns 23,160 shares of the company’s stock worth $233,000 after buying an additional 9,410 shares during the last quarter. Institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Up 1.1 %

KREF stock opened at $12.02 on Thursday. The business’s fifty day moving average price is $12.01 and its two-hundred day moving average price is $10.71. The stock has a market capitalization of $836.23 million, a price-to-earnings ratio of -40.07 and a beta of 0.99. KKR Real Estate Finance Trust Inc. has a fifty-two week low of $8.71 and a fifty-two week high of $14.12. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63.

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

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.32%. The ex-dividend date of this dividend was Monday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently -333.32%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KREF. JMP Securities raised their price objective on 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. Raymond James cut 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 report on Wednesday, October 23rd. BTIG Research reaffirmed a “buy” rating and set a $11.50 price objective on shares of KKR Real Estate Finance Trust in a research report on Friday, July 19th. Keefe, Bruyette & Woods raised shares of KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $11.50 to $13.00 in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $12.83.

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.