KKR Real Estate Finance Trust (NYSE:KREF) CEO Purchases $362,400.00 in Stock

KKR Real Estate Finance Trust (NYSE:KREF) CEO Matthew Salem bought 60,000 shares of the business’s stock in a transaction on Friday, April 24th. The stock was bought at an average price of $6.04 per share, with a total value of $362,400.00. Following the purchase, the chief executive officer owned 703,075 shares in the company, valued at $4,246,573. This trade represents a 9.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

KKR Real Estate Finance Trust Stock Down 1.7%

Shares of NYSE KREF opened at $6.15 on Thursday. KKR Real Estate Finance Trust has a 52 week low of $5.25 and a 52 week high of $9.98. The business has a 50-day simple moving average of $6.57 and a two-hundred day simple moving average of $7.64. The company has a quick ratio of 407.64, a current ratio of 407.64 and a debt-to-equity ratio of 3.90. The company has a market cap of $395.12 million, a P/E ratio of -3.30 and a beta of 0.91.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its earnings results on Wednesday, April 22nd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.17). The company had revenue of $20.89 million during the quarter, compared to the consensus estimate of $28.76 million. KKR Real Estate Finance Trust had a negative return on equity of 0.78% and a negative net margin of 23.55%. Research analysts anticipate that KKR Real Estate Finance Trust will post 0.11 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Tuesday, June 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -21.51%.

Wall Street Analysts Forecast Growth

KREF has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Tuesday, April 21st. Citigroup downgraded KKR Real Estate Finance Trust from a “neutral” rating to a “market perform” rating in a research report on Monday. Citizens Jmp downgraded KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Monday. Wells Fargo & Company dropped their price target on KKR Real Estate Finance Trust from $9.00 to $7.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on KKR Real Estate Finance Trust from $8.00 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.40.

Institutional Trading of KKR Real Estate Finance Trust

A number of hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in KKR Real Estate Finance Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock worth $30,000 after buying an additional 1,725 shares during the last quarter. Cura Wealth Advisors LLC lifted its position in KKR Real Estate Finance Trust by 2.0% in the 4th quarter. Cura Wealth Advisors LLC now owns 100,672 shares of the company’s stock worth $828,000 after buying an additional 1,976 shares during the last quarter. Hantz Financial Services Inc. lifted its position in KKR Real Estate Finance Trust by 210.5% in the 4th quarter. Hantz Financial Services Inc. now owns 3,099 shares of the company’s stock worth $25,000 after buying an additional 2,101 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in KKR Real Estate Finance Trust by 64.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company’s stock worth $50,000 after buying an additional 2,238 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in KKR Real Estate Finance Trust by 178.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,537 shares of the company’s stock worth $29,000 after buying an additional 2,266 shares during the last quarter. Institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust, Inc (NYSE: KREF) is a mortgage real estate investment trust sponsored by KKR & Co Inc The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.

The trust’s investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions.