Quest Partners LLC Invests $403,000 in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Quest Partners LLC acquired a new stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 30,432 shares of the company’s stock, valued at approximately $403,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC purchased a new position in shares of KKR Real Estate Finance Trust during the third quarter worth approximately $119,000. Autumn Glory Partners LLC boosted its stake in KKR Real Estate Finance Trust by 30.0% in the 4th quarter. Autumn Glory Partners LLC now owns 13,000 shares of the company’s stock worth $172,000 after purchasing an additional 3,000 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of KKR Real Estate Finance Trust during the 4th quarter valued at approximately $180,000. Samalin Investment Counsel LLC increased its stake in KKR Real Estate Finance Trust by 15.6% in the third quarter. Samalin Investment Counsel LLC now owns 14,598 shares of the company’s stock worth $173,000 after purchasing an additional 1,970 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in KKR Real Estate Finance Trust in the fourth quarter valued at about $385,000. 70.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. JMP Securities reissued a “market outperform” rating and issued a $12.00 price target on shares of KKR Real Estate Finance Trust in a report on Tuesday. Wells Fargo & Company decreased their target price on KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Finally, Keefe, Bruyette & Woods cut their price objective on KKR Real Estate Finance Trust from $10.00 to $9.75 and set a “market perform” rating on the stock in a research note on Friday, April 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.82.

KKR Real Estate Finance Trust Trading Down 0.2 %

NYSE KREF traded down $0.02 on Friday, reaching $9.55. The company had a trading volume of 500,375 shares, compared to its average volume of 476,581. The company’s fifty day moving average is $9.77 and its 200-day moving average is $11.10. The company has a debt-to-equity ratio of 4.20, a current ratio of 364.56 and a quick ratio of 364.56. KKR Real Estate Finance Trust Inc. has a 1-year low of $9.09 and a 1-year high of $14.12.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its earnings results on Tuesday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. KKR Real Estate Finance Trust had a negative net margin of 1.39% and a positive return on equity of 10.38%. The company had revenue of $151.62 million for the quarter, compared to analysts’ expectations of $43.16 million. During the same period in the prior year, the firm earned $0.48 EPS. Research analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.33 EPS for the current fiscal year.

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.