KKR Real Estate Finance Trust (NYSE:KREF) Trading Down 3.3%

KKR Real Estate Finance Trust Inc. (NYSE:KREF) was down 3.3% during mid-day trading on Wednesday . The company traded as low as $9.53 and last traded at $9.69. Approximately 171,645 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 584,855 shares. The stock had previously closed at $10.02.

Wall Street Analyst Weigh In

KREF has been the subject of several analyst reports. JMP Securities reduced their price objective on KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating for the company in a research note on Wednesday, February 7th. Wells Fargo & Company reduced their price objective on KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. reduced their price objective on KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.33.

KKR Real Estate Finance Trust Stock Down 2.2 %

The business has a 50 day moving average price of $9.80 and a 200-day moving average price of $11.29. The company has a debt-to-equity ratio of 4.20, a quick ratio of 361.75 and a current ratio of 364.56.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its earnings results on Tuesday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $151.62 million during the quarter, compared to the consensus estimate of $43.16 million. KKR Real Estate Finance Trust had a positive return on equity of 10.38% and a negative net margin of 1.39%. During the same period in the prior year, the business posted $0.48 EPS. On average, equities research analysts expect that KKR Real Estate Finance Trust Inc. will post 1.38 earnings per share for the current year.

KKR Real Estate Finance Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.46%. The ex-dividend date was Wednesday, March 27th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is -217.39%.

Insider Transactions at KKR Real Estate Finance Trust

In other news, COO W Patrick Mattson purchased 10,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average price of $9.72 per share, for a total transaction of $97,200.00. Following the acquisition, the chief operating officer now directly owns 308,446 shares in the company, valued at approximately $2,998,095.12. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Matthew A. Salem bought 26,000 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of $9.72 per share, for a total transaction of $252,720.00. Following the acquisition, the chief executive officer now owns 460,309 shares in the company, valued at $4,474,203.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO W Patrick Mattson bought 10,000 shares of the stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $9.72 per share, for a total transaction of $97,200.00. Following the acquisition, the chief operating officer now owns 308,446 shares in the company, valued at approximately $2,998,095.12. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On KKR Real Estate Finance Trust

A number of large investors have recently bought and sold shares of KREF. Future Financial Wealth Managment LLC acquired a new stake in KKR Real Estate Finance Trust during the 1st quarter valued at $40,000. TFO Wealth Partners LLC grew its holdings in KKR Real Estate Finance Trust by 21,842.9% during the 4th quarter. TFO Wealth Partners LLC now owns 3,072 shares of the company’s stock valued at $41,000 after buying an additional 3,058 shares during the last quarter. Diversified Trust Co acquired a new stake in KKR Real Estate Finance Trust during the 1st quarter valued at $101,000. Commonwealth Equity Services LLC acquired a new stake in KKR Real Estate Finance Trust during the 3rd quarter valued at $119,000. Finally, Autumn Glory Partners LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth $119,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Company 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.