Dark Forest Capital Management LP Purchases Shares of 29,768 KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Dark Forest Capital Management LP purchased a new stake in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 29,768 shares of the company’s stock, valued at approximately $301,000.

Several other institutional investors have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund grew its holdings in KKR Real Estate Finance Trust by 6.2% during the 4th quarter. Illinois Municipal Retirement Fund now owns 31,711 shares of the company’s stock valued at $320,000 after buying an additional 1,842 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of KKR Real Estate Finance Trust by 1.2% in the 4th quarter. Rhumbline Advisers now owns 175,092 shares of the company’s stock worth $1,768,000 after purchasing an additional 2,100 shares during the period. Legal & General Group Plc boosted its holdings in shares of KKR Real Estate Finance Trust by 2.2% in the 4th quarter. Legal & General Group Plc now owns 167,955 shares of the company’s stock worth $1,696,000 after purchasing an additional 3,539 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of KKR Real Estate Finance Trust by 13.1% in the 4th quarter. MetLife Investment Management LLC now owns 37,637 shares of the company’s stock worth $380,000 after purchasing an additional 4,355 shares during the period. Finally, Barclays PLC boosted its holdings in shares of KKR Real Estate Finance Trust by 5.3% in the 4th quarter. Barclays PLC now owns 104,618 shares of the company’s stock worth $1,056,000 after purchasing an additional 5,299 shares during the period. Hedge funds and other institutional investors own 70.23% of the company’s stock.

KKR Real Estate Finance Trust Stock Up 2.0 %

NYSE:KREF opened at $9.06 on Tuesday. KKR Real Estate Finance Trust Inc. has a 1-year low of $8.28 and a 1-year high of $12.95. The company has a 50-day moving average of $10.24 and a 200 day moving average of $10.78. The firm has a market cap of $614.32 million, a PE ratio of 50.33 and a beta of 0.88. 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 (NYSE:KREF) last released its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $31.34 million during the quarter, compared to analysts’ expectations of $34.77 million. As a group, research analysts anticipate that KKR Real Estate Finance Trust Inc. will post 1.05 EPS for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 11.04%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently 625.00%.

Analyst Upgrades and Downgrades

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

KKR Real Estate Finance Trust 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.