Lighthouse Investment Partners LLC Buys New Shares in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Lighthouse Investment Partners LLC bought a new stake in KKR Real Estate Finance Trust Inc. (NYSE:KREF) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 245,266 shares of the company’s stock, valued at approximately $2,477,000.

Several other hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in KKR Real Estate Finance Trust by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,373,685 shares of the company’s stock worth $13,878,000 after purchasing an additional 18,535 shares during the period. Balyasny Asset Management L.P. lifted its stake in KKR Real Estate Finance Trust by 116.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 844,610 shares of the company’s stock worth $8,531,000 after purchasing an additional 454,517 shares during the period. JPMorgan Chase & Co. lifted its stake in KKR Real Estate Finance Trust by 31.7% during the fourth quarter. JPMorgan Chase & Co. now owns 728,875 shares of the company’s stock worth $7,362,000 after purchasing an additional 175,603 shares during the period. Northern Trust Corp lifted its stake in KKR Real Estate Finance Trust by 21.7% during the fourth quarter. Northern Trust Corp now owns 690,826 shares of the company’s stock worth $6,977,000 after purchasing an additional 123,312 shares during the period. Finally, Wellington Management Group LLP bought a new position in KKR Real Estate Finance Trust during the fourth quarter worth about $5,350,000. Institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Trading Up 0.3%

KREF stock opened at $9.59 on Wednesday. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50. KKR Real Estate Finance Trust Inc. has a twelve month low of $8.28 and a twelve month high of $12.95. The company has a market cap of $650.26 million, a P/E ratio of 53.28 and a beta of 0.95. The business has a fifty day moving average of $9.86 and a 200-day moving average of $10.59.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.32). KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. The firm had revenue of $31.34 million for the quarter, compared to the consensus estimate of $34.77 million. As a group, equities research analysts expect that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 10.43%. KKR Real Estate Finance Trust’s dividend payout ratio is currently 625.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. JMP Securities decreased their price target on KKR Real Estate Finance Trust from $13.00 to $12.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 24th. Keefe, Bruyette & Woods lowered KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating and set a $10.75 target price for the company. in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. cut their price target on KKR Real Estate Finance Trust from $11.50 to $9.50 and set an “overweight” rating for the company in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.88.

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.