Stephens Inc. AR Trims Stock Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Stephens Inc. AR lessened its stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566,035 shares of the company’s stock after selling 71,248 shares during the period. Stephens Inc. AR owned 0.81% of KKR Real Estate Finance Trust worth $5,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Drive Wealth Management LLC grew its position in KKR Real Estate Finance Trust by 18.8% during the fourth quarter. Drive Wealth Management LLC now owns 84,718 shares of the company’s stock worth $877,000 after buying an additional 13,432 shares during the period. Barclays PLC boosted its position in KKR Real Estate Finance Trust by 311.8% during the third quarter. Barclays PLC now owns 99,319 shares of the company’s stock worth $1,226,000 after acquiring an additional 75,200 shares during the last quarter. Abel Hall LLC acquired a new stake in shares of KKR Real Estate Finance Trust during the third quarter worth $138,000. Zacks Investment Management purchased a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter worth about $2,792,000. Finally, Stifel Financial Corp raised its stake in KKR Real Estate Finance Trust by 420.7% during the third quarter. Stifel Financial Corp now owns 116,113 shares of the company’s stock worth $1,434,000 after purchasing an additional 93,813 shares during the period. Hedge funds and other institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Performance

KKR Real Estate Finance Trust stock opened at $10.93 on Tuesday. The company’s 50-day moving average is $10.58 and its two-hundred day moving average is $11.32. The company has a current ratio of 296.16, a quick ratio of 277.63 and a debt-to-equity ratio of 3.50. KKR Real Estate Finance Trust Inc. has a 1 year low of $8.71 and a 1 year high of $12.95. The company has a market cap of $751.25 million, a PE ratio of 60.74 and a beta of 1.00.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.20. KKR Real Estate Finance Trust had a net margin of 6.30% and a return on equity of 8.53%. Equities analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.15%. The ex-dividend date of this dividend was Tuesday, December 31st. KKR Real Estate Finance Trust’s dividend payout ratio is currently 555.56%.

Analysts Set New Price Targets

KREF has been the topic of several research reports. Raymond James cut their price objective on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. JMP Securities boosted their price target on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods decreased their target price on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. dropped their price target on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $12.46.

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.