KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 16.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 553,272 shares of the company’s stock after selling 111,510 shares during the period. JPMorgan Chase & Co.’s holdings in KKR Real Estate Finance Trust were worth $6,833,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KREF. Azora Capital LP purchased a new position in KKR Real Estate Finance Trust in the third quarter valued at $20,167,000. GFS Advisors LLC boosted its stake in shares of KKR Real Estate Finance Trust by 9,591.3% during the 3rd quarter. GFS Advisors LLC now owns 290,740 shares of the company’s stock worth $3,591,000 after acquiring an additional 287,740 shares in the last quarter. Zacks Investment Management acquired a new stake in KKR Real Estate Finance Trust in the 3rd quarter valued at about $2,792,000. Van ECK Associates Corp raised its stake in KKR Real Estate Finance Trust by 27.6% in the 3rd quarter. Van ECK Associates Corp now owns 455,291 shares of the company’s stock valued at $5,372,000 after purchasing an additional 98,400 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth $1,201,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a research report on Tuesday. Wells Fargo & Company upped their target price on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Raymond James decreased 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 research note on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their target price 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. Finally, JMP Securities boosted 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $12.63.

KKR Real Estate Finance Trust Stock Performance

KREF opened at $10.32 on Thursday. The stock has a market cap of $717.99 million, a PE ratio of -34.40 and a beta of 1.00. The stock’s 50 day simple moving average is $11.02 and its 200-day simple moving average is $11.23. 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 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 (NYSE:KREF) last announced its quarterly earnings data on Monday, October 21st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The firm had revenue of $140.15 million for the quarter, compared to analyst estimates of $39.52 million. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. During the same period last year, the company earned $0.47 EPS. Sell-side analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.4 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 9.69%. The ex-dividend date of this dividend was Tuesday, December 31st. KKR Real Estate Finance Trust’s payout ratio is -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.