Kkr Group Partnership L.P. Sells 43,791 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) Stock


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KKR Real Estate Finance Trust Inc. (NYSE:KREF) major shareholder Kkr Group Partnership L.P. sold 43,791 shares of the company’s stock in a transaction dated Monday, December 28th. The stock was sold at an average price of $18.54, for a total value of $811,885.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Kkr Group Partnership L.P. also recently made the following trade(s):

  • On Friday, December 18th, Kkr Group Partnership L.P. sold 13,291 shares of KKR Real Estate Finance Trust stock. The stock was sold at an average price of $18.55, for a total value of $246,548.05.
  • On Wednesday, December 16th, Kkr Group Partnership L.P. sold 39,847 shares of KKR Real Estate Finance Trust stock. The stock was sold at an average price of $18.54, for a total value of $738,763.38.
  • On Monday, December 14th, Kkr Group Partnership L.P. sold 9,139 shares of KKR Real Estate Finance Trust stock. The stock was sold at an average price of $18.51, for a total value of $169,162.89.
  • On Friday, December 4th, Kkr Group Partnership L.P. sold 65,434 shares of KKR Real Estate Finance Trust stock. The stock was sold at an average price of $18.54, for a total value of $1,213,146.36.
  • On Wednesday, December 2nd, Kkr Group Partnership L.P. sold 58,247 shares of KKR Real Estate Finance Trust stock. The stock was sold at an average price of $18.52, for a total value of $1,078,734.44.
  • On Tuesday, November 17th, Kkr Group Partnership L.P. sold 27,684 shares of KKR Real Estate Finance Trust stock. The shares were sold at an average price of $18.50, for a total value of $512,154.00.
  • On Tuesday, November 10th, Kkr Group Partnership L.P. sold 76,623 shares of KKR Real Estate Finance Trust stock. The shares were sold at an average price of $18.52, for a total value of $1,419,057.96.

Shares of KREF stock opened at $17.92 on Friday. The stock has a market capitalization of $996.69 million, a PE ratio of 19.91 and a beta of 0.68. KKR Real Estate Finance Trust Inc. has a 1-year low of $6.84 and a 1-year high of $22.03. The business has a 50-day moving average of $18.27 and a 200 day moving average of $17.40. The company has a debt-to-equity ratio of 3.93, a current ratio of 406.74 and a quick ratio of 406.74.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings data on Monday, October 26th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.12. KKR Real Estate Finance Trust had a return on equity of 10.30% and a net margin of 21.07%. Analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.96 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 9.60%. The ex-dividend date of this dividend is Wednesday, December 30th. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently 102.99%.

KREF has been the topic of several recent research reports. BidaskClub lowered KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, December 23rd. Citigroup lowered KKR Real Estate Finance Trust from a “buy” rating to a “neutral” rating and increased their price objective for the company from $17.00 to $18.00 in a research report on Wednesday, September 16th. Wolfe Research initiated coverage on KKR Real Estate Finance Trust in a research report on Friday, November 6th. They set a “market perform” rating on the stock. Zacks Investment Research lowered KKR Real Estate Finance Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 14th. Finally, ValuEngine upgraded KKR Real Estate Finance Trust from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 1st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.60.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in KKR Real Estate Finance Trust by 7.6% in the 3rd quarter. Van ECK Associates Corp now owns 153,201 shares of the company’s stock worth $2,532,000 after buying an additional 10,794 shares during the period. Gyon Technologies Capital Management LP purchased a new stake in KKR Real Estate Finance Trust in the 3rd quarter worth approximately $356,000. Public Sector Pension Investment Board lifted its holdings in KKR Real Estate Finance Trust by 15.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 60,200 shares of the company’s stock worth $995,000 after buying an additional 8,100 shares during the period. Morgan Stanley lifted its stake in shares of KKR Real Estate Finance Trust by 25.4% in the 3rd quarter. Morgan Stanley now owns 111,988 shares of the company’s stock valued at $1,850,000 after purchasing an additional 22,672 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of KKR Real Estate Finance Trust by 10.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 181,431 shares of the company’s stock valued at $3,000,000 after purchasing an additional 17,196 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring senior loans secured by commercial real estate (CRE) assets. The company engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.

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