Quest Partners LLC Purchases Shares of 30,432 KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Quest Partners LLC purchased a new stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 30,432 shares of the company’s stock, valued at approximately $403,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KREF. Commonwealth Equity Services LLC acquired a new position in KKR Real Estate Finance Trust during the third quarter worth $119,000. Autumn Glory Partners LLC raised its stake in KKR Real Estate Finance Trust by 30.0% during the fourth quarter. Autumn Glory Partners LLC now owns 13,000 shares of the company’s stock worth $172,000 after purchasing an additional 3,000 shares during the period. Samalin Investment Counsel LLC raised its stake in KKR Real Estate Finance Trust by 15.6% during the third quarter. Samalin Investment Counsel LLC now owns 14,598 shares of the company’s stock worth $173,000 after purchasing an additional 1,970 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in KKR Real Estate Finance Trust during the fourth quarter worth about $180,000. Finally, Louisiana State Employees Retirement System purchased a new position in KKR Real Estate Finance Trust during the fourth quarter worth about $385,000. 70.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KREF. Wells Fargo & Company dropped their price target on shares of KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating for the company in a research report on Thursday, February 8th. JMP Securities restated a “market outperform” rating and issued a $12.00 price objective on shares of KKR Real Estate Finance Trust in a report on Tuesday. Keefe, Bruyette & Woods dropped their price objective on shares of KKR Real Estate Finance Trust from $10.00 to $9.75 and set a “market perform” rating for the company in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.82.

KKR Real Estate Finance Trust Stock Down 0.2 %

NYSE:KREF traded down $0.02 on Friday, reaching $9.55. The stock had a trading volume of 500,375 shares, compared to its average volume of 476,581. KKR Real Estate Finance Trust Inc. has a 12-month low of $9.09 and a 12-month high of $14.12. The company has a debt-to-equity ratio of 4.20, a current ratio of 364.56 and a quick ratio of 364.56. The firm’s fifty day moving average is $9.77 and its two-hundred day moving average is $11.10.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $151.62 million during the quarter, compared to the consensus estimate of $43.16 million. KKR Real Estate Finance Trust had a negative net margin of 1.39% and a positive return on equity of 10.38%. During the same quarter last year, the company earned $0.48 earnings per share. On average, analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.33 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust 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.