XML Financial LLC Trims Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

XML Financial LLC reduced its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 6.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 37,984 shares of the company’s stock after selling 2,600 shares during the period. XML Financial LLC owned approximately 0.05% of KKR Real Estate Finance Trust worth $384,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of KREF. Future Financial Wealth Managment LLC purchased a new position in KKR Real Estate Finance Trust in the 3rd quarter valued at $25,000. Abel Hall LLC purchased a new stake in shares of KKR Real Estate Finance Trust in the third quarter valued at about $138,000. First Trust Direct Indexing L.P. increased its stake in shares of KKR Real Estate Finance Trust by 24.6% during the third quarter. First Trust Direct Indexing L.P. now owns 12,885 shares of the company’s stock worth $159,000 after acquiring an additional 2,546 shares during the period. Intech Investment Management LLC purchased a new position in KKR Real Estate Finance Trust during the third quarter worth about $197,000. Finally, Creative Planning lifted its position 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. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Trading Down 1.1 %

Shares of KREF stock opened at $10.32 on Thursday. KKR Real Estate Finance Trust Inc. has a fifty-two week low of $8.71 and a fifty-two week high of $13.19. The company has a quick ratio of 277.63, a current ratio of 277.63 and a debt-to-equity ratio of 3.75. The business has a fifty day simple moving average of $10.86 and a 200-day simple moving average of $11.27. The stock has a market cap of $717.75 million, a P/E ratio of -34.39 and a beta of 1.00.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Monday, October 21st. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $140.15 million during the quarter, compared to analysts’ expectations of $39.52 million. KKR Real Estate Finance Trust had a net margin of 0.40% and a return on equity of 9.46%. During the same quarter in the previous year, the business posted $0.47 earnings per share. On average, analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.4 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.69%. The ex-dividend date was Tuesday, December 31st. KKR Real Estate Finance Trust’s payout ratio is currently -333.32%.

Analyst Upgrades and Downgrades

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