Dark Forest Capital Management LP Invests $301,000 in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Dark Forest Capital Management LP purchased a new position in KKR Real Estate Finance Trust Inc. (NYSE:KREF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,768 shares of the company’s stock, valued at approximately $301,000.

Several other hedge funds have also recently modified their holdings of KREF. Barclays PLC raised its stake in shares of KKR Real Estate Finance Trust by 311.8% in the third quarter. Barclays PLC now owns 99,319 shares of the company’s stock worth $1,226,000 after purchasing an additional 75,200 shares during the last quarter. Drive Wealth Management LLC increased 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 valued at $877,000 after acquiring an additional 13,432 shares during the last quarter. Rhumbline Advisers increased its position in KKR Real Estate Finance Trust by 1.2% during the fourth quarter. Rhumbline Advisers now owns 175,092 shares of the company’s stock valued at $1,768,000 after acquiring an additional 2,100 shares during the last quarter. Principal Financial Group Inc. increased its position in KKR Real Estate Finance Trust by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 283,897 shares of the company’s stock valued at $2,867,000 after acquiring an additional 8,873 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in KKR Real Estate Finance Trust during the fourth quarter valued at $159,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. JMP Securities reduced their price objective on KKR Real Estate Finance Trust from $13.00 to $12.00 and set a “market outperform” rating for the company in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods cut KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating and set a $10.75 price objective for the company. in a research report on Monday, April 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.88.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF opened at $9.06 on Tuesday. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50. The business has a 50-day simple moving average of $10.24 and a two-hundred day simple moving average of $10.78. The stock has a market cap of $614.32 million, a price-to-earnings ratio of 50.33 and a beta of 0.88. KKR Real Estate Finance Trust Inc. has a 52 week low of $8.28 and a 52 week high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.32). The business had revenue of $31.34 million during the quarter, compared to the consensus estimate of $34.77 million. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. On average, analysts expect that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.04%. The ex-dividend date was Monday, March 31st. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is 625.00%.

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.