KKR Real Estate Finance Trust Inc (KREF) Stake Lifted by Bank of America Corp DE

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Bank of America Corp DE lifted its holdings in KKR Real Estate Finance Trust Inc (NYSE:KREF) by 45.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,254 shares of the company’s stock after acquiring an additional 87,695 shares during the quarter. Bank of America Corp DE owned approximately 0.48% of KKR Real Estate Finance Trust worth $5,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KREF. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in KKR Real Estate Finance Trust by 49.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,813 shares of the company’s stock worth $54,000 after buying an additional 925 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in KKR Real Estate Finance Trust by 1,540.8% during the 4th quarter. Meeder Asset Management Inc. now owns 2,937 shares of the company’s stock worth $56,000 after buying an additional 2,758 shares in the last quarter. Quantamental Technologies LLC acquired a new position in KKR Real Estate Finance Trust during the 4th quarter worth $101,000. Citigroup Inc. lifted its holdings in KKR Real Estate Finance Trust by 773.3% during the 4th quarter. Citigroup Inc. now owns 5,458 shares of the company’s stock worth $105,000 after buying an additional 4,833 shares in the last quarter. Finally, Strs Ohio lifted its holdings in KKR Real Estate Finance Trust by 31.8% during the 4th quarter. Strs Ohio now owns 5,800 shares of the company’s stock worth $111,000 after buying an additional 1,400 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

NYSE:KREF opened at $20.18 on Monday. KKR Real Estate Finance Trust Inc has a 52-week low of $18.54 and a 52-week high of $21.41. The company has a debt-to-equity ratio of 2.55, a quick ratio of 431.69 and a current ratio of 431.69. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 2.31 and a beta of 0.12.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings results on Wednesday, February 20th. The company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.02). The company had revenue of $59.62 million during the quarter, compared to analyst estimates of $30.10 million. KKR Real Estate Finance Trust had a net margin of 48.98% and a return on equity of 9.15%. On average, analysts expect that KKR Real Estate Finance Trust Inc will post 1.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date was Thursday, March 28th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently 89.58%.

KREF has been the topic of several research reports. JPMorgan Chase & Co. raised KKR Real Estate Finance Trust from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $20.00 to $20.50 in a report on Wednesday, January 16th. Zacks Investment Research downgraded KKR Real Estate Finance Trust from a “hold” rating to a “strong sell” rating in a report on Friday, January 18th. Finally, JMP Securities downgraded KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a report on Monday, March 25th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.60.

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KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.

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Institutional Ownership by Quarter for KKR Real Estate Finance Trust (NYSE:KREF)

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