Citadel Advisors LLC purchased a new stake in shares of KKR Real Estate Finance Trust Inc (NASDAQ:KREF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 553,439 shares of the company’s stock, valued at approximately $11,899,000. Citadel Advisors LLC owned 1.03% of KKR Real Estate Finance Trust as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Nationwide Fund Advisors acquired a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at $128,000. Rhumbline Advisers acquired a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at $235,000. New York State Common Retirement Fund acquired a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at $239,000. Teachers Advisors LLC acquired a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at $404,000. Finally, TIAA CREF Investment Management LLC acquired a new position in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at $599,000.

KKR Real Estate Finance Trust (NASDAQ:KREF) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). KKR Real Estate Finance Trust had a return on equity of 6.60% and a net margin of 64.81%. The firm had revenue of $17.45 million for the quarter, compared to analyst estimates of $17.87 million.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Saturday, September 30th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 6.95%. The ex-dividend date of this dividend is Thursday, September 28th.

Several brokerages have recently issued reports on KREF. Keefe, Bruyette & Woods began coverage on KKR Real Estate Finance Trust in a research report on Tuesday, May 30th. They set a “market perform” rating and a $22.50 price target on the stock. J P Morgan Chase & Co began coverage on KKR Real Estate Finance Trust in a research report on Tuesday, May 30th. They set a “neutral” rating and a $23.00 price target on the stock. Wells Fargo & Company began coverage on KKR Real Estate Finance Trust in a research report on Tuesday, May 30th. They set a “market perform” rating on the stock. Finally, Zacks Investment Research upgraded KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a research report on Saturday, September 9th.

In other news, CEO Christen E.J. Lee acquired 17,100 shares of KKR Real Estate Finance Trust stock in a transaction on Tuesday, August 15th. The shares were purchased at an average price of $19.95 per share, with a total value of $341,145.00. Following the acquisition, the chief executive officer now owns 36,957 shares in the company, valued at $737,292.15. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by commercial real estate assets (CRE). KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds.

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

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