KKR Real Estate Finance Trust Inc. (NYSE:KREF) Stake Raised by Exchange Traded Concepts LLC



Exchange Traded Concepts LLC increased its holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREFGet Rating) by 125.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,051 shares of the company’s stock after acquiring an additional 35,060 shares during the period. Exchange Traded Concepts LLC owned about 0.10% of KKR Real Estate Finance Trust worth $1,299,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. City State Bank purchased a new stake in KKR Real Estate Finance Trust in the 4th quarter worth about $39,000. Catalyst Capital Advisors LLC lifted its stake in KKR Real Estate Finance Trust by 19.6% in the 4th quarter. Catalyst Capital Advisors LLC now owns 3,300 shares of the company’s stock worth $69,000 after acquiring an additional 540 shares in the last quarter. Point72 Hong Kong Ltd lifted its stake in KKR Real Estate Finance Trust by 95.9% in the 4th quarter. Point72 Hong Kong Ltd now owns 4,144 shares of the company’s stock worth $86,000 after acquiring an additional 2,029 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in KKR Real Estate Finance Trust by 12.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 6,066 shares of the company’s stock worth $126,000 after acquiring an additional 683 shares in the last quarter. Finally, Strs Ohio lifted its stake in KKR Real Estate Finance Trust by 9.3% in the 4th quarter. Strs Ohio now owns 8,200 shares of the company’s stock worth $170,000 after acquiring an additional 700 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Shares of KREF stock opened at $17.81 on Monday. The company has a debt-to-equity ratio of 3.30, a current ratio of 409.61 and a quick ratio of 409.61. KKR Real Estate Finance Trust Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $23.40. The stock’s 50-day moving average is $18.72 and its two-hundred day moving average is $20.10. The firm has a market cap of $1.21 billion, a P/E ratio of 8.32 and a beta of 0.70.

KKR Real Estate Finance Trust (NYSE:KREFGet Rating) last issued its earnings results on Monday, April 25th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.03. KKR Real Estate Finance Trust had a return on equity of 7.90% and a net margin of 54.74%. During the same period last year, the company posted $0.55 EPS. As a group, research analysts expect that KKR Real Estate Finance Trust Inc. will post 1.74 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 9.66%. The ex-dividend date of this dividend is Wednesday, June 29th. KKR Real Estate Finance Trust’s payout ratio is currently 80.37%.

Separately, JMP Securities dropped their target price on KKR Real Estate Finance Trust from $23.50 to $23.00 and set a “market outperform” rating on the stock in a research report on Monday, March 21st.

In other news, major shareholder Reft Holdings L.P. Kkr sold 4,250,000 shares of the stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $19.51, for a total transaction of $82,917,500.00. Following the transaction, the insider now owns 10,000,000 shares of the company’s stock, valued at approximately $195,100,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

About KKR Real Estate Finance Trust (Get Rating)

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. It 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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Institutional Ownership by Quarter for KKR Real Estate Finance Trust (NYSE:KREF)



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