State Street Corp Acquires 3,795 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF)

State Street Corp increased its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 0.2% during the third quarter, Holdings Channel reports. The fund owned 2,178,778 shares of the company’s stock after acquiring an additional 3,795 shares during the quarter. State Street Corp’s holdings in KKR Real Estate Finance Trust were worth $27,457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KREF. Future Financial Wealth Managment LLC bought a new position in KKR Real Estate Finance Trust during the third quarter worth $25,000. First Trust Direct Indexing L.P. lifted its stake 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 last quarter. SG Americas Securities LLC bought a new stake in shares of KKR Real Estate Finance Trust during the 2nd quarter worth about $138,000. Intech Investment Management LLC bought a new stake in shares of KKR Real Estate Finance Trust during the 3rd quarter worth about $197,000. Finally, Creative Planning grew its stake in 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 buying an additional 5,809 shares during the last quarter. Institutional investors own 70.23% of the company’s stock.

Analyst Ratings Changes

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

KKR Real Estate Finance Trust Price Performance

Shares of NYSE KREF opened at $10.46 on Monday. The business has a fifty day moving average price of $11.56 and a two-hundred day moving average price of $11.11. The stock has a market capitalization of $727.73 million, a PE ratio of -34.87 and a beta of 0.98. 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 Inc. has a fifty-two week low of $8.71 and a fifty-two week high of $14.10.

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

KKR Real Estate Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.56%. The ex-dividend date of this dividend is Tuesday, December 31st. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -333.33%.

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.