Nuveen Asset Administration LLC Decreases Stake in KKR Actual Property Finance Belief Inc. (NYSE:KREF)
[ad_1]
Nuveen Asset Management LLC cut its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Rating) by 32.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 470,632 shares of the company’s stock after selling 228,550 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.68% of KKR Real Estate Finance Trust worth $7,648,000 as of its most recent filing with the Securities & Exchange Commission.
→ Traders Use A.I. to Conquer Volatility? (From Vantage Point)
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of KKR Real Estate Finance Trust by 15.5% in the first quarter. Vanguard Group Inc. now owns 4,422,793 shares of the company’s stock worth $91,154,000 after buying an additional 592,973 shares in the last quarter. State Street Corp lifted its position in KKR Real Estate Finance Trust by 14.3% during the second quarter. State Street Corp now owns 1,694,415 shares of the company’s stock valued at $30,279,000 after purchasing an additional 212,433 shares during the last quarter. JPMorgan Chase & Co. lifted its position in KKR Real Estate Finance Trust by 31.7% during the second quarter. JPMorgan Chase & Co. now owns 1,608,417 shares of the company’s stock valued at $28,067,000 after purchasing an additional 387,366 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of KKR Real Estate Finance Trust by 18.8% in the 1st quarter. Allianz Asset Management GmbH now owns 1,285,600 shares of the company’s stock worth $26,496,000 after buying an additional 203,500 shares during the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of KKR Real Estate Finance Trust by 4.3% during the 3rd quarter. Stephens Inc. AR now owns 1,090,881 shares of the company’s stock worth $17,727,000 after acquiring an additional 44,476 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.
KKR Real Estate Finance Trust Trading Down 5.3 %
NYSE:KREF opened at $12.24 on Friday. The firm has a market capitalization of $845.78 million, a P/E ratio of 48.96 and a beta of 0.86. The company has a fifty day moving average of $14.90 and a 200 day moving average of $16.33. The company has a quick ratio of 272.77, a current ratio of 272.77 and a debt-to-equity ratio of 3.92. KKR Real Estate Finance Trust Inc. has a 52 week low of $12.19 and a 52 week high of $21.17.
KKR Real Estate Finance Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 14.05%. The ex-dividend date was Thursday, December 29th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently 688.00%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Citigroup lowered their price target on KKR Real Estate Finance Trust from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, February 13th. JMP Securities dropped their target price on KKR Real Estate Finance Trust from $19.00 to $18.00 and set a “market outperform” rating for the company in a research report on Wednesday, February 1st. Finally, Keefe, Bruyette & Woods cut shares of KKR Real Estate Finance Trust to a “market perform” rating in a research report on Thursday, December 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, KKR Real Estate Finance Trust presently has a consensus rating of “Moderate Buy” and an average target price of $19.17.
About KKR Real Estate Finance Trust
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.
Read More
Want to see what other hedge funds are holding KREF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider KKR Real Estate Finance Trust, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and KKR Real Estate Finance Trust wasn’t on the list.
While KKR Real Estate Finance Trust currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
[ad_2]
About The Author
