KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Bought by Barclays PLC

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of KREF. Future Financial Wealth Managment LLC bought a new stake in shares of KKR Real Estate Finance Trust in the 3rd quarter valued at approximately $25,000. Abel Hall LLC acquired a new position in KKR Real Estate Finance Trust in the third quarter worth $138,000. First Trust Direct Indexing L.P. increased its stake in KKR Real Estate Finance Trust by 24.6% during 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 last quarter. Intech Investment Management LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth $197,000. Finally, Creative Planning lifted its position 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 worth $266,000 after buying an additional 5,809 shares during the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KREF shares. Raymond James lowered 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 research note on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective on shares of KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. JMP Securities boosted their target price 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. Finally, Wells Fargo & Company raised their price target on shares of 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, KKR Real Estate Finance Trust has a consensus rating of “Buy” and a consensus target price of $12.75.

KKR Real Estate Finance Trust Trading Up 1.0 %

NYSE:KREF opened at $10.02 on Tuesday. The stock has a fifty day simple moving average of $11.09 and a 200 day simple moving average of $11.21. The firm has a market capitalization of $697.12 million, a price-to-earnings ratio of -33.40 and a beta of 1.00. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.71 and a 1-year high of $13.19. 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 (NYSE:KREF) last issued its earnings results on Monday, October 21st. The company reported $0.37 earnings per share 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 company had revenue of $140.15 million for the quarter, compared to the consensus estimate of $39.52 million. During the same quarter in the prior year, the company earned $0.47 EPS. Sell-side analysts forecast 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 9.98%. 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.