ClearAlpha Technologies LP Trims Position in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

ClearAlpha Technologies LP decreased its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 42.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,713 shares of the company’s stock after selling 15,091 shares during the quarter. ClearAlpha Technologies LP’s holdings in KKR Real Estate Finance Trust were worth $256,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new position in shares of KKR Real Estate Finance Trust in the third quarter valued at about $25,000. SG Americas Securities LLC bought a new stake in KKR Real Estate Finance Trust during the 2nd quarter valued at approximately $138,000. First Trust Direct Indexing L.P. lifted its holdings in KKR Real Estate Finance Trust by 24.6% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company’s stock worth $159,000 after purchasing an additional 2,546 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in KKR Real Estate Finance Trust by 17.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,846 shares of the company’s stock worth $170,000 after purchasing an additional 2,481 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in KKR Real Estate Finance Trust during the 3rd quarter valued at approximately $197,000. Institutional investors own 70.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Raymond James lowered their target price on shares of KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. JMP Securities boosted their price target on shares of KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their price objective on KKR Real Estate Finance Trust from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. boosted their target price on KKR Real Estate Finance Trust from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods upgraded KKR Real Estate Finance Trust from a “market perform” rating to an “outperform” rating and raised their price target for the company from $11.50 to $13.00 in a report on Thursday, September 5th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $12.83.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE KREF opened at $11.72 on Tuesday. KKR Real Estate Finance Trust Inc. has a 12-month low of $8.71 and a 12-month high of $14.12. The company has a debt-to-equity ratio of 3.75, a quick ratio of 277.63 and a current ratio of 277.63. The firm’s 50-day moving average price is $11.82 and its 200-day moving average price is $10.95.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03. The business had revenue of $140.15 million during the quarter, compared to analyst estimates of $39.52 million. KKR Real Estate Finance Trust had a return on equity of 9.46% and a net margin of 0.40%. During the same period last year, the company earned $0.47 EPS. On average, equities research analysts expect that KKR Real Estate Finance Trust Inc. will post 1.4 EPS for the current year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.54%. The ex-dividend date of this dividend was Monday, September 30th. KKR Real Estate Finance Trust’s payout ratio is -333.32%.

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.