KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Sold by Comerica Bank

Comerica Bank decreased its position in KKR Real Estate Finance Trust Inc. (NYSE:KREF – Free Report) by 5.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,111 shares of the company’s stock after selling 1,801 shares during the quarter. Comerica Bank’s holdings in KKR Real Estate Finance Trust were worth $303,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new stake in shares of KKR Real Estate Finance Trust in the first quarter worth $40,000. TFO Wealth Partners LLC boosted its stake in KKR Real Estate Finance Trust by 21,842.9% in the fourth quarter. TFO Wealth Partners LLC now owns 3,072 shares of the company’s stock valued at $41,000 after purchasing an additional 3,058 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in KKR Real Estate Finance Trust in the 1st quarter worth about $54,000. Diversified Trust Co purchased a new position in shares of KKR Real Estate Finance Trust in the first quarter worth about $101,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of KKR Real Estate Finance Trust by 17.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock valued at $170,000 after acquiring an additional 2,481 shares in the last quarter. Hedge funds and other institutional investors own 70.23% of the company’s shares.

KKR Real Estate Finance Trust stock rose 1.7%

Shares of NYSE:KREF opened at $11.23 on Friday. KKR Real Estate Finance Trust Inc. has a 1 year low of $8.71 and a 1 year high of $14.12. The company has a debt-to-equity ratio of 3.86, a current ratio of 392.62, and a quick ratio of 392.62. The stock has a market cap of $778.40 million, a P/E ratio of -24.41 and a beta of 0.99. The firm has a fifty day moving average price of $10.01 and a 200 day moving average price of $9.94.

KKR Real Estate Finance Trust (NYSE:KREF – Get Free Report ) last announced its earnings results on Monday, July 22nd. The company reported ($1.57) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($1.87). The business had revenue of $47.60 million for the quarter, compared to analyst estimates of $45.47 million. KKR Real Estate Finance Trust had a return on equity of 9.88% and a net margin of 5.88%. KKR Real Estate Finance Trust’s quarterly revenue was down 6.7% on a year-over-year basis. In the same quarter last year, the company posted EPS of $0.48. Sell-side analysts predict that KKR Real Estate Finance Trust Inc. will post 1.35 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.25 per share. This represents an annualized dividend of $1.00 and a dividend yield of 8.90%. The ex-dividend date was Friday, June 28. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently -217.39%.

Changes in Analyst Ratings

Several research firms recently weighed in on KREF. BTIG Research restated a “buy” rating and set a $11.50 target price on shares of KKR Real Estate Finance Trust in a research note on Friday, July 19th. JPMorgan Chase & Co. reduced their target price on shares of KKR Real Estate Finance Trust from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Tuesday, July 16th. JMP Securities reiterated a “market outperform” rating and set a $12.00 target price on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 21st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of KKR Real Estate Finance Trust from $9.75 to $11.50 and gave the company a “market perform” rating in a research note for Tuesday, July 30. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Moderate Buy” and an average target price of $11.50, according to MarketBeat.com.

Read our latest analysis of KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Profile

(Free Report)

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on the origination and acquisition of commercial real estate (CRE) senior bridging loans. It engages in the origination and acquisition of CRE-related credit investments, including leveraged and non-leveraged commercial real estate loans.

See Also

Want to see what other hedge funds KREF owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for KKR Real Estate Finance Trust Inc. (NYSE:KREF – Free Report).

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