Stephens Inc. AR Sells 29,769 Shares of KKR Real Estate Finance Trust $KREF

Stephens Inc. AR decreased its position in KKR Real Estate Finance Trust (NYSE:KREF) by 6.3% during the second quarter, HoldingsChannel reports. The firm owned 443,858 shares of the company’s stock after selling 29,769 shares during the quarter. Stephens Inc. AR’s holdings in KKR Real Estate Finance Trust were worth $3,893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of KREF. Farther Finance Advisors LLC raised its position in shares of KKR Real Estate Finance Trust by 9,954.2% in the first quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company’s stock valued at $26,000 after purchasing an additional 2,389 shares during the period. Quarry LP bought a new position in shares of KKR Real Estate Finance Trust in the first quarter valued at approximately $28,000. GAMMA Investing LLC raised its position in shares of KKR Real Estate Finance Trust by 2,508.7% in the first quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock valued at $58,000 after purchasing an additional 5,193 shares during the period. Acadian Asset Management LLC bought a new position in shares of KKR Real Estate Finance Trust in the first quarter valued at approximately $66,000. Finally, CWM LLC raised its position in shares of KKR Real Estate Finance Trust by 1,144.1% in the second quarter. CWM LLC now owns 11,446 shares of the company’s stock valued at $100,000 after purchasing an additional 10,526 shares during the period. Institutional investors own 70.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KREF. Zacks Research raised 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 reissued a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $9.00 price target (down previously from $9.50) on shares of KKR Real Estate Finance Trust in a research report on Monday. Finally, Wall Street Zen raised shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.31.

KKR Real Estate Finance Trust Trading Up 2.0%

Shares of KREF stock opened at $8.72 on Wednesday. KKR Real Estate Finance Trust has a 1 year low of $8.27 and a 1 year high of $12.33. The firm’s fifty day simple moving average is $9.24 and its 200 day simple moving average is $9.16. The firm has a market capitalization of $572.56 million, a P/E ratio of -13.21 and a beta of 0.89. The company has a current ratio of 440.20, a quick ratio of 440.20 and a debt-to-equity ratio of 3.81.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Tuesday, July 22nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.37). KKR Real Estate Finance Trust had a positive return on equity of 1.61% and a negative net margin of 4.43%.The company had revenue of $35.75 million for the quarter, compared to the consensus estimate of $32.55 million. As a group, sell-side analysts predict that KKR Real Estate Finance Trust will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 11.5%. KKR Real Estate Finance Trust’s payout ratio is -151.52%.

KKR Real Estate Finance Trust Company 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.