KKR Real Estate Finance Trust (NYSE:KREF) COO Acquires $102,830.00 in Stock

KKR Real Estate Finance Trust (NYSE:KREF) COO W Patrick Mattson purchased 13,000 shares of KKR Real Estate Finance Trust stock in a transaction dated Thursday, November 6th. The shares were acquired at an average cost of $7.91 per share, for a total transaction of $102,830.00. Following the completion of the transaction, the chief operating officer owned 386,787 shares of the company’s stock, valued at approximately $3,059,485.17. This represents a 3.48% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

KKR Real Estate Finance Trust Trading Up 3.4%

Shares of NYSE:KREF opened at $8.14 on Monday. The business’s 50-day moving average is $8.96 and its 200 day moving average is $9.10. The company has a debt-to-equity ratio of 3.63, a current ratio of 423.43 and a quick ratio of 423.43. KKR Real Estate Finance Trust has a 1 year low of $7.78 and a 1 year high of $12.06. The firm has a market capitalization of $532.83 million, a P/E ratio of -23.25 and a beta of 0.90.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings results on Tuesday, October 21st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The company had revenue of $31.41 million during the quarter, compared to analysts’ expectations of $29.90 million. KKR Real Estate Finance Trust had a negative return on equity of 0.60% and a negative net margin of 0.12%. On average, research analysts predict that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend was Tuesday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -285.71%.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

Several hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of KKR Real Estate Finance Trust by 8.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,115,655 shares of the company’s stock valued at $9,784,000 after buying an additional 84,647 shares during the last quarter. Invesco Ltd. raised its stake in shares of KKR Real Estate Finance Trust by 92.2% in the second quarter. Invesco Ltd. now owns 841,503 shares of the company’s stock valued at $7,380,000 after acquiring an additional 403,660 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in KKR Real Estate Finance Trust by 4.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 666,973 shares of the company’s stock valued at $7,203,000 after acquiring an additional 29,112 shares in the last quarter. Wellington Management Group LLP lifted its holdings in KKR Real Estate Finance Trust by 5.9% during the 1st quarter. Wellington Management Group LLP now owns 560,847 shares of the company’s stock worth $6,057,000 after buying an additional 31,097 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its position in KKR Real Estate Finance Trust by 368.5% in the second quarter. Balyasny Asset Management L.P. now owns 536,084 shares of the company’s stock worth $4,701,000 after purchasing an additional 421,657 shares during the period. 70.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KREF has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $9.00 target price (down from $9.50) on shares of KKR Real Estate Finance Trust in a research report on Monday, October 20th. Zacks Research upgraded KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Keefe, Bruyette & Woods reduced their price objective on KKR Real Estate Finance Trust from $9.50 to $8.75 and set a “market perform” rating on the stock in a research note on Thursday, October 23rd. Finally, Wall Street Zen upgraded shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.94.

About KKR Real Estate Finance Trust

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.