Principal Financial Group Inc. Trims Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Principal Financial Group Inc. cut its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREFFree Report) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 313,009 shares of the company’s stock after selling 16,824 shares during the period. Principal Financial Group Inc.’s holdings in KKR Real Estate Finance Trust were worth $3,715,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of KKR Real Estate Finance Trust by 23.7% in the 2nd quarter. Creative Planning now owns 26,676 shares of the company’s stock valued at $325,000 after purchasing an additional 5,109 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of KKR Real Estate Finance Trust by 12.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,500 shares of the company’s stock valued at $371,000 after purchasing an additional 3,400 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of KKR Real Estate Finance Trust by 17.5% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 106,361 shares of the company’s stock worth $1,294,000 after buying an additional 15,872 shares during the period. Cetera Advisor Networks LLC raised its holdings in shares of KKR Real Estate Finance Trust by 3.4% in the second quarter. Cetera Advisor Networks LLC now owns 26,983 shares of the company’s stock worth $328,000 after buying an additional 876 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of KKR Real Estate Finance Trust in the third quarter worth approximately $420,000. 73.01% of the stock is owned by institutional investors.

KKR Real Estate Finance Trust Stock Down 13.9 %

KKR Real Estate Finance Trust stock opened at $10.14 on Thursday. 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 stock has a market capitalization of $702.46 million, a price-to-earnings ratio of -33.78 and a beta of 1.01. KKR Real Estate Finance Trust Inc. has a 1-year low of $9.42 and a 1-year high of $16.24. The business has a fifty day moving average price of $12.89 and a 200-day moving average price of $12.20.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a $0.43 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 16.97%. KKR Real Estate Finance Trust’s payout ratio is -573.31%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KREF. JMP Securities reduced their price target on KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating on the stock in a report on Wednesday. Raymond James reduced their price objective on KKR Real Estate Finance Trust from $15.00 to $14.50 and set an “outperform” rating on the stock in a report on Wednesday, October 25th. Finally, Citigroup dropped 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.17.

Read Our Latest Stock Report on KREF

KKR Real Estate Finance Trust Company 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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