Raymond James & Associates Cuts Stock Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Raymond James & Associates decreased its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREFFree Report) by 7.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 64,396 shares of the company’s stock after selling 5,064 shares during the period. Raymond James & Associates’ holdings in KKR Real Estate Finance Trust were worth $764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. boosted its stake in shares of KKR Real Estate Finance Trust by 0.5% in the second quarter. BlackRock Inc. now owns 10,315,758 shares of the company’s stock valued at $125,543,000 after buying an additional 52,577 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of KKR Real Estate Finance Trust by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,535,080 shares of the company’s stock worth $89,945,000 after purchasing an additional 204,534 shares during the period. State Street Corp increased its holdings in shares of KKR Real Estate Finance Trust by 2.1% in the 1st quarter. State Street Corp now owns 2,270,766 shares of the company’s stock valued at $26,837,000 after purchasing an additional 45,796 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of KKR Real Estate Finance Trust by 330.9% in the first quarter. Balyasny Asset Management L.P. now owns 1,516,913 shares of the company’s stock valued at $17,278,000 after purchasing an additional 1,164,851 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in KKR Real Estate Finance Trust by 18.8% during the first quarter. Allianz Asset Management GmbH now owns 1,285,600 shares of the company’s stock worth $26,496,000 after buying an additional 203,500 shares in the last quarter. 73.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KREF shares. JMP Securities increased their target price on shares of KKR Real Estate Finance Trust from $13.00 to $14.50 and gave the company a “market outperform” rating in a report on Tuesday, December 5th. Raymond James dropped their price objective on KKR Real Estate Finance Trust from $15.00 to $14.50 and set an “outperform” rating for the company in a research note on Wednesday, October 25th. Finally, Citigroup decreased their target price on KKR Real Estate Finance Trust from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.42.

Read Our Latest Analysis on KREF

KKR Real Estate Finance Trust Stock Down 2.7 %

KREF stock opened at $12.76 on Wednesday. The company has a debt-to-equity ratio of 4.20, a current ratio of 384.64 and a quick ratio of 384.64. The company’s 50 day simple moving average is $12.94 and its 200-day simple moving average is $12.25. KKR Real Estate Finance Trust Inc. has a 12 month low of $9.94 and a 12 month high of $16.44. The firm has a market capitalization of $884.05 million, a PE ratio of -42.52 and a beta of 1.02.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 13.48%. The ex-dividend date of this dividend was Thursday, December 28th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -573.31%.

KKR Real Estate Finance Trust Profile

(Free Report)

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 real estate loans, and commercial mortgage-backed securities.

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Institutional Ownership by Quarter for KKR Real Estate Finance Trust (NYSE:KREF)

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