Virtu Financial LLC Takes $330,000 Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Virtu Financial LLC purchased a new position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,657 shares of the company’s stock, valued at approximately $330,000.

Several other institutional investors also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in KKR Real Estate Finance Trust by 144.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,896 shares of the company’s stock valued at $1,802,000 after buying an additional 86,327 shares during the period. Barclays PLC grew its holdings in KKR Real Estate Finance Trust by 311.8% during the 3rd quarter. Barclays PLC now owns 99,319 shares of the company’s stock valued at $1,226,000 after buying an additional 75,200 shares in the last quarter. Algert Global LLC grew its stake in KKR Real Estate Finance Trust by 88.6% during the third quarter. Algert Global LLC now owns 166,373 shares of the company’s stock valued at $2,055,000 after acquiring an additional 78,180 shares in the last quarter. Zacks Investment Management bought a new position in shares of KKR Real Estate Finance Trust in the third quarter worth $2,792,000. Finally, Stifel Financial Corp grew its position 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 buying an additional 93,813 shares in the last quarter. 70.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their target price on shares of KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Six analysts have rated the stock with a buy rating, According to MarketBeat, KKR Real Estate Finance Trust currently has an average rating of “Buy” and an average price target of $12.46.

KKR Real Estate Finance Trust Stock Performance

Shares of NYSE KREF opened at $11.15 on Friday. The stock’s 50-day moving average is $10.89 and its 200 day moving average is $11.26. The stock has a market cap of $765.82 million, a price-to-earnings ratio of 61.92 and a beta of 0.99. 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 current ratio of 296.16, a quick ratio of 296.16 and a debt-to-equity ratio of 3.50.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.28 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.97%. The ex-dividend date of this dividend is Monday, March 31st. KKR Real Estate Finance Trust’s payout ratio is presently 555.56%.

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.