KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Acquired by Drive Wealth Management LLC

Drive Wealth Management LLC grew its position in KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 18.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,718 shares of the company’s stock after buying an additional 13,432 shares during the quarter. Drive Wealth Management LLC owned 0.12% of KKR Real Estate Finance Trust worth $877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of KREF. The Manufacturers Life Insurance Company boosted its holdings in KKR Real Estate Finance Trust by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 38,542 shares of the company’s stock valued at $349,000 after purchasing an additional 935 shares during the period. Future Financial Wealth Managment LLC purchased a new position in KKR Real Estate Finance Trust in the third quarter valued at $25,000. First Trust Direct Indexing L.P. boosted its holdings in KKR Real Estate Finance Trust by 24.6% in the third quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company’s stock valued at $159,000 after purchasing an additional 2,546 shares during the period. Creative Planning boosted its holdings in KKR Real Estate Finance Trust by 37.0% in the third quarter. Creative Planning now owns 21,524 shares of the company’s stock valued at $266,000 after purchasing an additional 5,809 shares during the period. Finally, Algert Global LLC boosted its holdings in KKR Real Estate Finance Trust by 7.2% in the second quarter. Algert Global LLC now owns 88,193 shares of the company’s stock valued at $798,000 after purchasing an additional 5,933 shares during the period. 70.23% of the stock is owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Trading Down 0.3 %

Shares of KKR Real Estate Finance Trust stock opened at $10.08 on Monday. The company has a debt-to-equity ratio of 3.75, a current ratio of 277.63 and a quick ratio of 277.63. The business’s fifty day moving average is $10.81 and its two-hundred day moving average is $11.30. KKR Real Estate Finance Trust Inc. has a fifty-two week low of $8.71 and a fifty-two week high of $13.19.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 9.92%. KKR Real Estate Finance Trust’s dividend payout ratio is currently -333.32%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. JMP Securities lifted their price target on KKR Real Estate Finance Trust from $12.50 to $13.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Raymond James reduced their target price on KKR Real Estate Finance Trust from $14.00 to $13.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods reduced their target price on KKR Real Estate Finance Trust from $13.00 to $12.25 and set an “outperform” rating for the company in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reduced their target price on KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $12.46.

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.