KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Sold by Kore Private Wealth LLC

Kore Private Wealth LLC trimmed its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 17.1% during the second quarter, HoldingsChannel reports. The fund owned 16,000 shares of the company’s stock after selling 3,291 shares during the quarter. Kore Private Wealth LLC’s holdings in KKR Real Estate Finance Trust were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC acquired a new position in KKR Real Estate Finance Trust during the first quarter worth about $26,000. Meeder Asset Management Inc. grew its position in KKR Real Estate Finance Trust by 159.7% during the second quarter. Meeder Asset Management Inc. now owns 1,218 shares of the company’s stock worth $26,000 after buying an additional 749 shares during the period. Advisory Services Network LLC acquired a new position in KKR Real Estate Finance Trust during the second quarter worth about $37,000. Advisor Group Holdings Inc. grew its position in KKR Real Estate Finance Trust by 35.6% during the second quarter. Advisor Group Holdings Inc. now owns 1,818 shares of the company’s stock worth $38,000 after buying an additional 477 shares during the period. Finally, Quantbot Technologies LP acquired a new position in KKR Real Estate Finance Trust during the first quarter worth about $57,000. Institutional investors own 82.15% of the company’s stock.

Shares of NYSE KREF opened at $22.10 on Thursday. KKR Real Estate Finance Trust Inc. has a 12-month low of $16.15 and a 12-month high of $23.42. The company has a market capitalization of $1.23 billion, a PE ratio of 10.19 and a beta of 0.70. The company has a debt-to-equity ratio of 3.42, a current ratio of 619.94 and a quick ratio of 619.94. The firm’s 50-day moving average is $21.27 and its two-hundred day moving average is $21.05.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings results on Sunday, July 25th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.05. KKR Real Estate Finance Trust had a net margin of 51.55% and a return on equity of 11.24%. On average, analysts forecast that KKR Real Estate Finance Trust Inc. will post 2.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 7.78%. The ex-dividend date is Wednesday, September 29th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently 88.21%.

Several research analysts have weighed in on KREF shares. Zacks Investment Research lowered shares of KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 29th. JMP Securities restated a “market outperform” rating and set a $20.91 target price (down from $21.50) on shares of KKR Real Estate Finance Trust in a research report on Tuesday, July 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, KKR Real Estate Finance Trust presently has an average rating of “Buy” and a consensus price target of $21.68.

In other KKR Real Estate Finance Trust news, Director Christen E.J. Lee sold 10,098 shares of the company’s stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $21.39, for a total value of $215,996.22. Following the sale, the director now owns 262,324 shares of the company’s stock, valued at $5,611,110.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust, Inc is a real estate finance company, which focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. Its target assets include mezzanine loans, preferred equity and other debt-oriented instruments. The company’s investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, primarily through dividends.

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

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