KKR Real Estate Finance Trust Inc (KREF) Position Lowered by D. E. Shaw & Co. Inc.

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D. E. Shaw & Co. Inc. lowered its position in KKR Real Estate Finance Trust Inc (NYSE:KREF) by 30.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,547 shares of the company’s stock after selling 5,962 shares during the period. D. E. Shaw & Co. Inc.’s holdings in KKR Real Estate Finance Trust were worth $259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KREF. Vanguard Group Inc. increased its holdings in KKR Real Estate Finance Trust by 42.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,478,909 shares of the company’s stock worth $49,999,000 after purchasing an additional 742,552 shares in the last quarter. Vanguard Group Inc increased its holdings in KKR Real Estate Finance Trust by 42.8% during the 3rd quarter. Vanguard Group Inc now owns 2,478,909 shares of the company’s stock worth $49,999,000 after purchasing an additional 742,552 shares in the last quarter. BlackRock Inc. increased its holdings in KKR Real Estate Finance Trust by 27.5% during the 4th quarter. BlackRock Inc. now owns 2,362,536 shares of the company’s stock worth $45,244,000 after purchasing an additional 509,742 shares in the last quarter. Acadian Asset Management LLC increased its holdings in KKR Real Estate Finance Trust by 83.2% during the 4th quarter. Acadian Asset Management LLC now owns 598,662 shares of the company’s stock worth $11,464,000 after purchasing an additional 271,862 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in KKR Real Estate Finance Trust by 177.1% during the 3rd quarter. Renaissance Technologies LLC now owns 321,300 shares of the company’s stock worth $6,481,000 after purchasing an additional 205,362 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

KREF stock opened at $20.32 on Wednesday. KKR Real Estate Finance Trust Inc has a 1 year low of $18.54 and a 1 year high of $21.41. The company has a debt-to-equity ratio of 2.55, a current ratio of 431.69 and a quick ratio of 431.69. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 2.32 and a beta of 0.12.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly earnings data on Wednesday, February 20th. The company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.02). KKR Real Estate Finance Trust had a return on equity of 9.15% and a net margin of 48.98%. The business had revenue of $59.62 million for the quarter, compared to analyst estimates of $30.10 million. As a group, sell-side analysts forecast that KKR Real Estate Finance Trust Inc will post 1.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a dividend of $0.43 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.46%. KKR Real Estate Finance Trust’s dividend payout ratio is 89.58%.

KREF has been the subject of a number of research reports. Zacks Investment Research cut KKR Real Estate Finance Trust from a “hold” rating to a “strong sell” rating in a report on Friday, January 18th. JPMorgan Chase & Co. upgraded KKR Real Estate Finance Trust from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $20.00 to $20.50 in a report on Wednesday, January 16th. Finally, JMP Securities cut KKR Real Estate Finance Trust from an “outperform” rating to a “market perform” rating in a report on Monday, March 25th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. KKR Real Estate Finance Trust currently has a consensus rating of “Buy” and a consensus target price of $21.60.

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KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, 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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