KKR Real Estate Finance Trust $KREF Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in KKR Real Estate Finance Trust (NYSE:KREF) by 43.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,279 shares of the company’s stock after purchasing an additional 19,354 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in KKR Real Estate Finance Trust were worth $564,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas grew its holdings in KKR Real Estate Finance Trust by 15.4% in the first quarter. Teacher Retirement System of Texas now owns 14,980 shares of the company’s stock valued at $162,000 after purchasing an additional 2,002 shares during the period. Principal Financial Group Inc. boosted its stake in shares of KKR Real Estate Finance Trust by 1.4% in the first quarter. Principal Financial Group Inc. now owns 287,754 shares of the company’s stock worth $3,108,000 after acquiring an additional 3,857 shares during the last quarter. Prevail Innovative Wealth Advisors LLC increased its position in shares of KKR Real Estate Finance Trust by 5.8% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 162,286 shares of the company’s stock worth $1,753,000 after purchasing an additional 8,895 shares in the last quarter. Transce3nd LLC raised its stake in KKR Real Estate Finance Trust by 8.1% in the 1st quarter. Transce3nd LLC now owns 61,264 shares of the company’s stock valued at $660,000 after purchasing an additional 4,610 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in KKR Real Estate Finance Trust by 1.5% in the 1st quarter. Wedbush Securities Inc. now owns 80,386 shares of the company’s stock valued at $868,000 after purchasing an additional 1,199 shares in the last quarter. Institutional investors and hedge funds own 70.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Zacks Research upgraded shares of KKR Real Estate Finance Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a report on Wednesday, October 8th. Wells Fargo & Company reduced their price objective on KKR Real Estate Finance Trust from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $9.00 target price (down from $9.50) on shares of KKR Real Estate Finance Trust in a report on Monday, October 20th. Finally, Wall Street Zen upgraded KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9.94.

KKR Real Estate Finance Trust Stock Down 2.9%

Shares of KREF opened at $7.80 on Friday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 423.43 and a current ratio of 423.43. KKR Real Estate Finance Trust has a 1 year low of $7.79 and a 1 year high of $12.21. The stock has a market capitalization of $510.89 million, a PE ratio of -22.29 and a beta of 0.90. The company’s 50-day simple moving average is $9.00 and its 200-day simple moving average is $9.11.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Tuesday, October 21st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The company had revenue of $31.41 million during the quarter, compared to analysts’ expectations of $29.90 million. KKR Real Estate Finance Trust had a negative net margin of 0.12% and a negative return on equity of 0.60%. Analysts forecast that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend was Tuesday, September 30th. KKR Real Estate Finance Trust’s dividend payout ratio is currently -285.71%.

About KKR Real Estate Finance Trust

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.