Thrivent Financial for Lutherans Grows Stake in KKR Real Estate Finance Trust Inc (NYSE:KREF)

Thrivent Financial for Lutherans increased its holdings in KKR Real Estate Finance Trust Inc (NYSE:KREF) by 5.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,235 shares of the company’s stock after buying an additional 1,010 shares during the period. Thrivent Financial for Lutherans’ holdings in KKR Real Estate Finance Trust were worth $304,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. State Street Corp increased its holdings in shares of KKR Real Estate Finance Trust by 46.2% in the 4th quarter. State Street Corp now owns 899,198 shares of the company’s stock worth $18,747,000 after buying an additional 284,071 shares during the last quarter. JPMorgan Chase & Co. grew its position in KKR Real Estate Finance Trust by 166.5% in the first quarter. JPMorgan Chase & Co. now owns 289,901 shares of the company’s stock worth $4,352,000 after acquiring an additional 181,110 shares in the last quarter. Credit Suisse AG increased its stake in KKR Real Estate Finance Trust by 179.1% in the fourth quarter. Credit Suisse AG now owns 263,903 shares of the company’s stock valued at $5,389,000 after acquiring an additional 169,339 shares during the last quarter. Bank of New York Mellon Corp raised its position in KKR Real Estate Finance Trust by 160.0% during the fourth quarter. Bank of New York Mellon Corp now owns 260,378 shares of the company’s stock valued at $5,317,000 after purchasing an additional 160,248 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in KKR Real Estate Finance Trust by 290.6% during the first quarter. First Trust Advisors LP now owns 187,127 shares of the company’s stock worth $3,746,000 after purchasing an additional 139,220 shares during the last quarter. 87.87% of the stock is owned by institutional investors.

KREF stock opened at $16.60 on Wednesday. The stock has a market capitalization of $958.11 million, a price-to-earnings ratio of 31.32 and a beta of 0.62. The firm’s 50-day moving average price is $16.41 and its two-hundred day moving average price is $17.80. The company has a current ratio of 329.54, a quick ratio of 329.54 and a debt-to-equity ratio of 4.19. KKR Real Estate Finance Trust Inc has a 12-month low of $6.84 and a 12-month high of $22.03.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. KKR Real Estate Finance Trust had a return on equity of 8.83% and a net margin of 16.08%. The company had revenue of $32.00 million for the quarter, compared to analysts’ expectations of $30.76 million. Equities analysts predict that KKR Real Estate Finance Trust Inc will post 1.71 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.43 dividend. The ex-dividend date is Monday, June 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 10.36%. KKR Real Estate Finance Trust’s dividend payout ratio is currently 102.99%.

In related news, Director Christen E.J. Lee purchased 7,920 shares of KKR Real Estate Finance Trust stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average price of $15.27 per share, for a total transaction of $120,938.40. Following the completion of the transaction, the director now directly owns 225,651 shares of the company’s stock, valued at $3,445,690.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is currently owned by insiders.

Several research analysts have commented on the stock. ValuEngine downgraded shares of KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, April 22nd. Raymond James lifted their target price on shares of KKR Real Estate Finance Trust from $19.00 to $19.50 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lowered their price target on shares of KKR Real Estate Finance Trust from $20.50 to $16.50 and set a “neutral” rating for the company in a research note on Tuesday, April 28th. Zacks Investment Research cut KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Citigroup upgraded KKR Real Estate Finance Trust from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday, March 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. KKR Real Estate Finance Trust has a consensus rating of “Hold” and an average target price of $17.70.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.

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Institutional Ownership by Quarter for KKR Real Estate Finance Trust (NYSE:KREF)

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