Prevail Innovative Wealth Advisors LLC Buys 134,459 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Prevail Innovative Wealth Advisors LLC increased its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 710.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,391 shares of the company’s stock after purchasing an additional 134,459 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in KKR Real Estate Finance Trust were worth $1,549,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new stake in KKR Real Estate Finance Trust in the fourth quarter worth about $96,000. Abel Hall LLC bought a new stake in KKR Real Estate Finance Trust during the 3rd quarter worth approximately $138,000. Y Intercept Hong Kong Ltd acquired a new position in KKR Real Estate Finance Trust in the 4th quarter worth $159,000. Intech Investment Management LLC bought a new stake in KKR Real Estate Finance Trust in the 3rd quarter valued at approximately $197,000. Finally, Fox Run Management L.L.C. grew its position in KKR Real Estate Finance Trust by 35.5% in the fourth quarter. Fox Run Management L.L.C. now owns 23,299 shares of the company’s stock valued at $235,000 after purchasing an additional 6,110 shares in the last quarter. 70.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KREF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price target 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 note on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of KKR Real Estate Finance Trust from $11.50 to $10.50 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, KKR Real Estate Finance Trust presently has a consensus rating of “Buy” and a consensus price target of $12.46.

KKR Real Estate Finance Trust Stock Performance

Shares of NYSE:KREF opened at $10.91 on Friday. The company’s 50 day simple moving average is $10.89 and its 200 day simple moving average is $11.25. The company has a debt-to-equity ratio of 3.50, a current ratio of 296.16 and a quick ratio of 296.16. KKR Real Estate Finance Trust Inc. has a 1 year low of $8.71 and a 1 year high of $12.95. The stock has a market capitalization of $749.33 million, a price-to-earnings ratio of 60.58 and a beta of 0.99.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate 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, research 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.17%. The ex-dividend date is Monday, March 31st. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently 555.56%.

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.