KKR Real Estate Finance Trust Inc. (NYSE:KREF) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Rating) by 40.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,482 shares of the company’s stock after selling 13,480 shares during the period. SG Americas Securities LLC’s holdings in KKR Real Estate Finance Trust were worth $317,000 at the end of the most recent quarter.

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Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Yousif Capital Management LLC raised its position in shares of KKR Real Estate Finance Trust by 1.4% during the 2nd quarter. Yousif Capital Management LLC now owns 40,452 shares of the company’s stock worth $706,000 after buying an additional 565 shares in the last quarter. Bank of Montreal Can raised its position in shares of KKR Real Estate Finance Trust by 8.9% during the 1st quarter. Bank of Montreal can now owns 12,902 shares of the company’s stock worth $272,000 after buying an additional 1,051 shares in the last quarter. GraniteShares Advisors LLC raised its position in shares of KKR Real Estate Finance Trust by 3.0% during the 2nd quarter. GraniteShares Advisors LLC now owns 37,161 shares of the company’s stock worth $648,000 after buying an additional 1,070 shares in the last quarter. Strs Ohio raised its position in shares of KKR Real Estate Finance Trust by 9.1% during the 3rd quarter. Strs Ohio now owns 13,200 shares of the company’s stock worth $214,000 after buying an additional 1,100 shares in the last quarter. Finally, Wall Street Access Asset Management LLC raised its holdings in shares of KKR Real Estate Finance Trust by 7.9% in the 2nd quarter. Wall Street Access Asset Management LLC now owns 17,346 shares of the company’s stock worth $302,000 after purchasing an additional 1,271 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Stock Performance

Shares of KREF opened at $15.61 on Monday. The company has a debt-to-equity ratio of 3.69, a quick ratio of 309.42 and a current ratio of 309.42. The company has a market capitalization of $1.08 billion, a PE ratio of 24.78 and a beta of 0.79. KKR Real Estate Finance Trust Inc. has a 52 week low of $13.55 and a 52 week high of $21.75. The company’s 50 day moving average price is $15.26 and its 200 day moving average price is $17.19.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 11.02%. The ex-dividend date was Thursday, December 29th. KKR Real Estate Finance Trust’s dividend payout ratio is 273.02%.

Analyst’s Set New Price Targets

A number of analysts recently commented on the stock. JMP Securities dropped their target price on shares of KKR Real Estate Finance Trust from $22.00 to $19.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 25th. Raymond James cut their price target on shares of KKR Real Estate Finance Trust from $23.50 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, October 18th. Keefe, Bruyette & Woods lowered shares of KKR Real Estate Finance Trust to a “market perform” rating in a report on Thursday, December 15th. JPMorgan Chase & Co. cut their price target on shares of KKR Real Estate Finance Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, October 24th. Finally, BTIG Research cut their price target on shares of KKR Real Estate Finance Trust to $19.00 in a report on Thursday, October 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, KKR Real Estate Finance Trust currently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

KKR Real Estate Finance Trust Company Profile

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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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