AE Wealth Management LLC grew its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Rating) by 9.7% during the first quarter, HoldingsChannel.com reports. The firm owned 35,302 shares of the company’s stock after acquiring an additional 3,123 shares during the quarter. AE Wealth Management LLC’s holdings in KKR Real Estate Finance Trust were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its position in shares of KKR Real Estate Finance Trust by 4.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,209,446 shares of the company’s stock valued at $25,193,000 after buying an additional 49,307 shares in the last quarter. Invesco Ltd. increased its stake in KKR Real Estate Finance Trust by 7.6% during the 4th quarter. Invesco Ltd. now owns 853,119 shares of the company’s stock worth $17,771,000 after acquiring an additional 60,190 shares during the period. JRM Investment Counsel LLC raised its holdings in KKR Real Estate Finance Trust by 26.7% in the 4th quarter. JRM Investment Counsel LLC now owns 661,418 shares of the company’s stock valued at $13,777,000 after acquiring an additional 139,491 shares in the last quarter. Northern Trust Corp lifted its position in shares of KKR Real Estate Finance Trust by 4.5% during the 4th quarter. Northern Trust Corp now owns 587,301 shares of the company’s stock valued at $12,234,000 after acquiring an additional 25,304 shares during the period. Finally, Morgan Stanley lifted its position in shares of KKR Real Estate Finance Trust by 2.4% during the 3rd quarter. Morgan Stanley now owns 518,327 shares of the company’s stock valued at $10,936,000 after acquiring an additional 12,236 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.
NYSE KREF opened at $17.76 on Friday. The business has a fifty day moving average price of $18.75 and a two-hundred day moving average price of $20.14. The stock has a market capitalization of $1.21 billion, a PE ratio of 8.30 and a beta of 0.70. KKR Real Estate Finance Trust Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $23.40. The company has a debt-to-equity ratio of 3.30, a current ratio of 409.61 and a quick ratio of 409.61.
KKR Real Estate Finance Trust (NYSE:KREF – Get Rating) last posted its quarterly earnings results on Monday, April 25th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. KKR Real Estate Finance Trust had a return on equity of 7.90% and a net margin of 54.74%. During the same quarter in the previous year, the company posted $0.55 earnings per share. As a group, sell-side analysts expect that KKR Real Estate Finance Trust Inc. will post 1.74 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be paid a $0.43 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.68%. KKR Real Estate Finance Trust’s payout ratio is currently 80.37%.
In related news, major shareholder Reft Holdings L.P. Kkr sold 4,250,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $19.51, for a total transaction of $82,917,500.00. Following the completion of the transaction, the insider now directly owns 10,000,000 shares in the company, valued at approximately $195,100,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.
Separately, JMP Securities reduced their price objective on shares of KKR Real Estate Finance Trust from $23.50 to $23.00 and set a “market outperform” rating on the stock in a research note on Monday, March 21st.
KKR Real Estate Finance Trust Company Profile (Get Rating)
KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring 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 mortgage loans, and commercial mortgage-backed securities.
See Also
Want to see what other hedge funds are holding KREF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Rating).
Receive News & Ratings for KKR Real Estate Finance Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for KKR Real Estate Finance Trust and related companies with MarketBeat.com’s FREE daily email newsletter.
