SG Americas Securities LLC Trims Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

SG Americas Securities LLC trimmed its position in KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Rating) by 27.6% in the 4th quarter, HoldingsChannel reports. The firm owned 14,105 shares of the company’s stock after selling 5,377 shares during the quarter. SG Americas Securities LLC’s holdings in KKR Real Estate Finance Trust were worth $197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of KREF. Concorde Asset Management LLC grew its holdings in KKR Real Estate Finance Trust by 100.8% in the fourth quarter. Concorde Asset Management LLC now owns 130,360 shares of the company’s stock valued at $1,820,000 after purchasing an additional 65,448 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in KKR Real Estate Finance Trust by 17.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,847 shares of the company’s stock valued at $96,000 after purchasing an additional 1,015 shares during the period. Autumn Glory Partners LLC acquired a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at approximately $140,000. Everence Capital Management Inc. acquired a new stake in KKR Real Estate Finance Trust in the fourth quarter valued at approximately $192,000. Finally, New York State Common Retirement Fund grew its holdings in KKR Real Estate Finance Trust by 29.3% in the fourth quarter. New York State Common Retirement Fund now owns 46,825 shares of the company’s stock valued at $654,000 after purchasing an additional 10,617 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Price Performance

NYSE:KREF opened at $10.14 on Friday. KKR Real Estate Finance Trust Inc. has a 52 week low of $9.94 and a 52 week high of $20.72. The company has a quick ratio of 356.67, a current ratio of 356.67 and a debt-to-equity ratio of 4.16. The company has a market capitalization of $700.67 million, a P/E ratio of -15.36 and a beta of 0.84. The stock’s fifty day moving average is $11.29 and its two-hundred day moving average is $14.11.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were issued a $0.43 dividend. The ex-dividend date was Thursday, March 30th. This represents a $1.72 annualized dividend and a dividend yield of 16.96%. KKR Real Estate Finance Trust’s dividend payout ratio is presently -260.61%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KREF. Keefe, Bruyette & Woods dropped their price objective on KKR Real Estate Finance Trust from $16.50 to $12.50 and set a “market perform” rating on the stock in a report on Thursday, April 13th. TheStreet downgraded KKR Real Estate Finance Trust from a “c” rating to a “d+” rating in a research report on Tuesday, April 25th. Raymond James reduced their price objective on KKR Real Estate Finance Trust from $18.00 to $15.00 in a research report on Wednesday, April 26th. JMP Securities reduced their price objective on KKR Real Estate Finance Trust from $19.00 to $18.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 1st. Finally, Citigroup reduced their target price on KKR Real Estate Finance Trust from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, April 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, KKR Real Estate Finance Trust presently has an average rating of “Moderate Buy” and an average price target of $15.64.

Insider Buying and Selling

In other KKR Real Estate Finance Trust news, CEO Matthew A. Salem acquired 25,000 shares of the stock in a transaction dated Thursday, April 27th. The stock was acquired at an average cost of $10.70 per share, with a total value of $267,500.00. Following the transaction, the chief executive officer now owns 386,817 shares in the company, valued at approximately $4,138,941.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Matthew A. Salem acquired 25,000 shares of KKR Real Estate Finance Trust stock in a transaction on Thursday, April 27th. The stock was purchased at an average cost of $10.70 per share, with a total value of $267,500.00. Following the purchase, the chief executive officer now directly owns 386,817 shares in the company, valued at $4,138,941.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO W Patrick Mattson acquired 8,000 shares of KKR Real Estate Finance Trust stock in a transaction on Monday, May 1st. The shares were bought at an average cost of $10.60 per share, with a total value of $84,800.00. Following the completion of the purchase, the chief operating officer now owns 245,651 shares in the company, valued at $2,603,900.60. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

KKR Real Estate Finance Trust Profile

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KKR Real Estate Finance Trust, Inc engages in originating and acquiring senior loans secured by commercial real estate assets. Its target assets include mezzanine loans, preferred equity and other debt-oriented instruments. The company’s investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, primarily through dividends.