Stephens Inc. AR Has $980,000 Stock Position in KKR Real Estate Finance Trust $KREF

Stephens Inc. AR trimmed its position in KKR Real Estate Finance Trust (NYSE:KREF) by 55.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,239 shares of the company’s stock after selling 148,419 shares during the quarter. Stephens Inc. AR’s holdings in KKR Real Estate Finance Trust were worth $980,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in KKR Real Estate Finance Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock worth $30,000 after purchasing an additional 1,725 shares during the period. EverSource Wealth Advisors LLC increased its position in KKR Real Estate Finance Trust by 742.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company’s stock worth $36,000 after purchasing an additional 3,658 shares during the period. Cloud Capital Management LLC acquired a new stake in KKR Real Estate Finance Trust in the third quarter worth about $48,000. Tower Research Capital LLC TRC increased its position in KKR Real Estate Finance Trust by 64.1% in the second quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company’s stock worth $50,000 after purchasing an additional 2,238 shares during the period. Finally, Kelleher Financial Advisors acquired a new stake in KKR Real Estate Finance Trust in the fourth quarter worth about $55,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Price Performance

KKR Real Estate Finance Trust stock opened at $6.39 on Thursday. The firm has a market capitalization of $410.56 million, a P/E ratio of -3.43 and a beta of 0.81. KKR Real Estate Finance Trust has a 1 year low of $5.25 and a 1 year high of $9.98. The business has a 50-day moving average of $6.41 and a 200-day moving average of $7.43. The company has a current ratio of 407.64, a quick ratio of 407.64 and a debt-to-equity ratio of 3.90.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Wednesday, April 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.17). The company had revenue of $20.89 million for the quarter, compared to analyst estimates of $28.76 million. KKR Real Estate Finance Trust had a negative return on equity of 0.78% and a negative net margin of 23.55%. On average, equities analysts anticipate that KKR Real Estate Finance Trust will post -1.63 EPS for the current year.

KKR Real Estate Finance Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.3%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently -53.76%.

Insider Activity

In other KKR Real Estate Finance Trust news, COO W Patrick Mattson acquired 40,000 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average cost of $6.03 per share, for a total transaction of $241,200.00. Following the transaction, the chief operating officer owned 500,287 shares of the company’s stock, valued at $3,016,730.61. This trade represents a 8.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew A. Salem acquired 60,000 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average price of $6.04 per share, with a total value of $362,400.00. Following the completion of the transaction, the chief executive officer directly owned 703,075 shares in the company, valued at $4,246,573. This trade represents a 9.33% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 2.12% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on KREF shares. Wells Fargo & Company lowered their price objective on KKR Real Estate Finance Trust from $9.00 to $7.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. JPMorgan Chase & Co. lowered their price objective on KKR Real Estate Finance Trust from $8.00 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, April 16th. Wall Street Zen lowered KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 2nd. Citigroup lowered KKR Real Estate Finance Trust from a “neutral” rating to a “market perform” rating in a research report on Monday, April 27th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $8.40.

KKR Real Estate Finance Trust Profile

KKR Real Estate Finance Trust, Inc (NYSE: KREF) is a mortgage real estate investment trust sponsored by KKR & Co Inc The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.

The trust’s investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions.