Algert Global LLC Has $1.85 Million Stock Holdings in KKR Real Estate Finance Trust $KREF

Algert Global LLC decreased its stake in KKR Real Estate Finance Trust (NYSE:KREF) by 5.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 170,876 shares of the company’s stock after selling 9,800 shares during the quarter. Algert Global LLC’s holdings in KKR Real Estate Finance Trust were worth $1,845,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wedbush Securities Inc. grew its stake in shares of KKR Real Estate Finance Trust by 1.5% in the first quarter. Wedbush Securities Inc. now owns 80,386 shares of the company’s stock valued at $868,000 after buying an additional 1,199 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in KKR Real Estate Finance Trust by 15.4% during the first quarter. Teacher Retirement System of Texas now owns 14,980 shares of the company’s stock worth $162,000 after buying an additional 2,002 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in KKR Real Estate Finance Trust by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 41,975 shares of the company’s stock worth $424,000 after acquiring an additional 2,051 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in KKR Real Estate Finance Trust by 9,954.2% in the first quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company’s stock valued at $26,000 after acquiring an additional 2,389 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of KKR Real Estate Finance Trust by 2.2% in the 4th quarter. Legal & General Group Plc now owns 167,955 shares of the company’s stock valued at $1,696,000 after acquiring an additional 3,539 shares during the period. Institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Price Performance

NYSE:KREF opened at $9.1050 on Friday. The firm’s fifty day moving average price is $9.12 and its two-hundred day moving average price is $9.70. The company has a debt-to-equity ratio of 3.81, a current ratio of 440.20 and a quick ratio of 440.20. The company has a market cap of $597.98 million, a P/E ratio of -13.80 and a beta of 0.92. KKR Real Estate Finance Trust has a one year low of $8.28 and a one year high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its earnings results on Tuesday, July 22nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.37). The company had revenue of $35.75 million for the quarter, compared to analyst estimates of $32.55 million. KKR Real Estate Finance Trust had a positive return on equity of 1.61% and a negative net margin of 4.43%. Equities analysts expect that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date was Monday, June 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently -151.52%.

Analyst Ratings Changes

Several research analysts have recently weighed in on KREF shares. JMP Securities restated a “market outperform” rating and set a $12.00 price objective on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 20th. Wall Street Zen downgraded KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.95.

KKR Real Estate Finance Trust 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.