KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. raised its stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 35.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,299 shares of the company’s stock after buying an additional 6,110 shares during the period. Fox Run Management L.L.C.’s holdings in KKR Real Estate Finance Trust were worth $235,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. KLP Kapitalforvaltning AS bought a new position in shares of KKR Real Estate Finance Trust in the fourth quarter valued at approximately $96,000. Abel Hall LLC acquired a new stake in KKR Real Estate Finance Trust in the third quarter worth approximately $138,000. Y Intercept Hong Kong Ltd bought a new position in KKR Real Estate Finance Trust during the 4th quarter valued at $159,000. Intech Investment Management LLC acquired a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at $197,000. Finally, 1776 Wealth LLC bought a new stake in shares of KKR Real Estate Finance Trust in the 4th quarter worth $318,000. Institutional investors and hedge funds own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Performance

KREF opened at $11.15 on Friday. The company has a quick ratio of 296.16, a current ratio of 296.16 and a debt-to-equity ratio of 3.50. The firm has a market cap of $765.82 million, a PE ratio of 61.92 and a beta of 0.99. The business has a fifty day simple moving average of $10.89 and a 200-day simple moving average of $11.26. KKR Real Estate Finance Trust Inc. has a fifty-two week low of $8.71 and a fifty-two week high of $12.95.

KKR Real Estate Finance Trust (NYSE:KREF) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.20. KKR Real Estate Finance Trust had a return on equity of 8.53% and a net margin of 6.30%. As a group, equities analysts predict that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.97%. The ex-dividend date is Monday, March 31st. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently 555.56%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KREF shares. JPMorgan Chase & Co. decreased their target price on 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, January 21st. Keefe, Bruyette & Woods reduced their price objective on shares of 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. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target 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.