Alphastar Capital Management LLC Has $502,000 Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Alphastar Capital Management LLC lessened its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREFGet Rating) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,619 shares of the company’s stock after selling 1,924 shares during the period. Alphastar Capital Management LLC’s holdings in KKR Real Estate Finance Trust were worth $502,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. TBH Global Asset Management LLC grew its position in shares of KKR Real Estate Finance Trust by 4.6% during the 4th quarter. TBH Global Asset Management LLC now owns 23,178 shares of the company’s stock worth $483,000 after purchasing an additional 1,023 shares in the last quarter. Advisor Group Holdings Inc. grew its position in shares of KKR Real Estate Finance Trust by 466.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 9,919 shares of the company’s stock worth $206,000 after purchasing an additional 8,169 shares in the last quarter. Mutual of America Capital Management LLC grew its position in shares of KKR Real Estate Finance Trust by 12.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 6,066 shares of the company’s stock worth $126,000 after purchasing an additional 683 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of KKR Real Estate Finance Trust by 42.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 15,547 shares of the company’s stock worth $324,000 after acquiring an additional 4,618 shares in the last quarter. Finally, XML Financial LLC boosted its position in shares of KKR Real Estate Finance Trust by 10.9% during the 4th quarter. XML Financial LLC now owns 54,400 shares of the company’s stock worth $1,133,000 after acquiring an additional 5,350 shares in the last quarter. Hedge funds and other institutional investors own 76.88% of the company’s stock.

KREF has been the topic of several analyst reports. JMP Securities reduced their price target on shares of 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. Raymond James increased their price target on shares of KKR Real Estate Finance Trust from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, February 10th. Finally, Zacks Investment Research lowered shares of KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research report on Monday, February 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, KKR Real Estate Finance Trust has an average rating of “Buy” and a consensus price target of $22.70.

NYSE:KREF traded down $0.26 on Tuesday, hitting $20.28. The company had a trading volume of 5,579 shares, compared to its average volume of 539,765. The stock has a market cap of $1.25 billion, a PE ratio of 9.22 and a beta of 0.65. The company has a quick ratio of 465.17, a current ratio of 465.17 and a debt-to-equity ratio of 3.89. The company’s 50 day moving average price is $20.66. KKR Real Estate Finance Trust Inc. has a 52 week low of $19.25 and a 52 week high of $23.42.

KKR Real Estate Finance Trust (NYSE:KREFGet Rating) last issued its quarterly earnings data on Monday, February 7th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.16. KKR Real Estate Finance Trust had a net margin of 54.19% and a return on equity of 8.53%. During the same period in the prior year, the business posted $0.48 earnings per share. As a group, equities analysts expect that KKR Real Estate Finance Trust Inc. will post 1.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 8.48%. The ex-dividend date was Wednesday, March 30th. KKR Real Estate Finance Trust’s payout ratio is 78.18%.

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.

Further Reading

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

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