Penserra Capital Management LLC Buys 19,065 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Penserra Capital Management LLC grew its stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 22.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,365 shares of the company’s stock after buying an additional 19,065 shares during the period. Penserra Capital Management LLC owned approximately 0.15% of KKR Real Estate Finance Trust worth $1,264,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in KKR Real Estate Finance Trust in the 3rd quarter worth approximately $25,000. SG Americas Securities LLC acquired a new stake in shares of KKR Real Estate Finance Trust in the second quarter worth $138,000. First Trust Direct Indexing L.P. boosted its holdings in shares of 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 buying an additional 2,546 shares during the period. Price T Rowe Associates Inc. MD grew its stake in KKR Real Estate Finance Trust by 17.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock valued at $170,000 after buying an additional 2,481 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in KKR Real Estate Finance Trust in the 3rd quarter worth $197,000. Institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE:KREF opened at $11.64 on Wednesday. The firm has a market capitalization of $809.83 million, a PE ratio of -38.80 and a beta of 0.99. The company has a current ratio of 277.63, a quick ratio of 277.63 and a debt-to-equity ratio of 3.75. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.71 and a 1-year high of $14.12. The business’s 50 day moving average is $11.90 and its 200-day moving average is $10.89.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. The firm had revenue of $140.15 million for the quarter, compared to the consensus estimate of $39.52 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. Sell-side analysts predict 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.59%. The ex-dividend date was Monday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -333.33%.

Analyst Ratings Changes

KREF has been the subject of a number of recent analyst reports. Raymond James decreased their price target on shares of 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. JMP Securities increased their target price on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods raised KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $11.50 to $13.00 in a research report on Thursday, September 5th. JPMorgan Chase & Co. increased their price objective on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company boosted their target price on shares of KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, KKR Real Estate Finance Trust has a consensus rating of “Buy” and an average target price of $12.83.

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.