D. E. Shaw & Co. Inc. Raises Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

D. E. Shaw & Co. Inc. increased its position in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 319,230 shares of the company’s stock after buying an additional 37,476 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in KKR Real Estate Finance Trust were worth $3,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in KREF. KLP Kapitalforvaltning AS purchased a new position in KKR Real Estate Finance Trust in the fourth quarter valued at about $96,000. Caxton Associates LP purchased a new stake in shares of KKR Real Estate Finance Trust during the fourth quarter worth about $110,000. First Trust Advisors LP bought a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at about $129,000. Y Intercept Hong Kong Ltd bought a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at about $159,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at about $182,000. 70.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods downgraded KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating and set a $10.75 target price for the company. in a research note on Monday, April 7th. JMP Securities reduced their price objective on KKR Real Estate Finance Trust from $13.00 to $12.00 and set a “market outperform” rating for the company in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. dropped their target price on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.88.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE:KREF opened at $9.52 on Monday. KKR Real Estate Finance Trust Inc. has a one year low of $8.28 and a one year high of $12.95. The stock has a fifty day moving average of $9.78 and a 200-day moving average of $10.54. The company has a market capitalization of $645.51 million, a PE ratio of 52.89 and a beta of 0.95. The company has a debt-to-equity ratio of 3.50, a quick ratio of 296.16 and a current ratio of 296.16.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.32). KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. The firm had revenue of $31.34 million for the quarter, compared to analyst estimates of $34.77 million. As a group, equities analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.50%. The ex-dividend date of this dividend was Monday, March 31st. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently 625.00%.

KKR Real Estate Finance Trust Company Profile

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.