Federated Hermes Inc. decreased its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Rating) by 6.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,206 shares of the company’s stock after selling 13,614 shares during the quarter. Federated Hermes Inc. owned approximately 0.27% of KKR Real Estate Finance Trust worth $3,042,000 at the end of the most recent quarter.
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A number of other hedge funds and other institutional investors have also made changes to their positions in KREF. Quadrant Capital Group LLC grew its position in shares of KKR Real Estate Finance Trust by 422.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,052 shares of the company’s stock worth $33,000 after buying an additional 1,659 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of KKR Real Estate Finance Trust during the 2nd quarter worth $56,000. Tower Research Capital LLC TRC lifted its stake in shares of KKR Real Estate Finance Trust by 188.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,102 shares of the company’s stock worth $67,000 after purchasing an additional 2,680 shares during the last quarter. KBC Group NV lifted its stake in shares of KKR Real Estate Finance Trust by 31.4% during the 3rd quarter. KBC Group NV now owns 4,868 shares of the company’s stock worth $79,000 after purchasing an additional 1,163 shares during the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in shares of KKR Real Estate Finance Trust during the 3rd quarter worth $140,000. Institutional investors own 76.26% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. JMP Securities decreased their price objective on KKR Real Estate Finance Trust from $19.00 to $18.00 and set a “market outperform” rating for the company in a research note on Wednesday, February 1st. Keefe, Bruyette & Woods cut KKR Real Estate Finance Trust to a “market perform” rating in a research note on Thursday, December 15th. Finally, Citigroup decreased their price target on KKR Real Estate Finance Trust from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, February 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, KKR Real Estate Finance Trust has an average rating of “Moderate Buy” and a consensus target price of $19.17.
KKR Real Estate Finance Trust Trading Down 4.1 %
Shares of NYSE:KREF opened at $12.93 on Friday. KKR Real Estate Finance Trust Inc. has a 52-week low of $12.91 and a 52-week high of $21.17. The stock has a market cap of $893.46 million, a price-to-earnings ratio of 51.72 and a beta of 0.86. The company has a quick ratio of 272.77, a current ratio of 272.77 and a debt-to-equity ratio of 3.92. The business has a 50-day moving average price of $14.93 and a 200-day moving average price of $16.38.
KKR Real Estate Finance Trust Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 13.30%. The ex-dividend date of this dividend was Thursday, December 29th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is 688.00%.
KKR Real Estate Finance Trust Profile
KKR Real Estate Finance Trust, Inc engages in 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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