Steward Partners Investment Advisory LLC Purchases 18,135 Shares of KKR Real Estate Finance Trust $KREF

Steward Partners Investment Advisory LLC boosted its holdings in KKR Real Estate Finance Trust (NYSE:KREF) by 6.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 294,511 shares of the company’s stock after buying an additional 18,135 shares during the period. Steward Partners Investment Advisory LLC owned 0.45% of KKR Real Estate Finance Trust worth $2,583,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Quarry LP bought a new position in shares of KKR Real Estate Finance Trust in the first quarter worth about $28,000. Allworth Financial LP boosted its stake in KKR Real Estate Finance Trust by 3,904.6% in the 2nd quarter. Allworth Financial LP now owns 4,365 shares of the company’s stock worth $38,000 after purchasing an additional 4,256 shares during the period. Acadian Asset Management LLC purchased a new stake in KKR Real Estate Finance Trust during the 1st quarter valued at approximately $66,000. CWM LLC raised its position in shares of KKR Real Estate Finance Trust by 1,144.1% during the second quarter. CWM LLC now owns 11,446 shares of the company’s stock valued at $100,000 after buying an additional 10,526 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of KKR Real Estate Finance Trust by 12.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,466 shares of the company’s stock worth $118,000 after buying an additional 1,457 shares in the last quarter. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at KKR Real Estate Finance Trust

In related news, COO W Patrick Mattson bought 13,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $7.91 per share, with a total value of $102,830.00. Following the transaction, the chief operating officer owned 386,787 shares in the company, valued at $3,059,485.17. This trade represents a 3.48% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christen E.J. Lee purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $7.80 per share, for a total transaction of $78,000.00. Following the acquisition, the director directly owned 229,133 shares in the company, valued at $1,787,237.40. This trade represents a 4.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 55,000 shares of company stock worth $431,710. 1.90% of the stock is currently owned by company insiders.

KKR Real Estate Finance Trust Stock Performance

Shares of NYSE:KREF opened at $8.49 on Friday. The firm has a fifty day simple moving average of $8.56 and a two-hundred day simple moving average of $9.01. KKR Real Estate Finance Trust has a 52 week low of $7.78 and a 52 week high of $11.81. The company has a quick ratio of 423.43, a current ratio of 423.43 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $556.01 million, a P/E ratio of -24.26 and a beta of 0.90.

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

KKR Real Estate Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.25 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.8%. KKR Real Estate Finance Trust’s payout ratio is -285.71%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KREF shares. Zacks Research raised shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen raised shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings restated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their target price on KKR Real Estate Finance Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $9.00 price target (down from $9.50) on shares of KKR Real Estate Finance Trust in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, KKR Real Estate Finance Trust currently has an average rating of “Hold” and an average target price 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.