KKR Real Estate Finance Trust Inc. (NYSE:KREF) Stock Position Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in KKR Real Estate Finance Trust Inc. (NYSE:KREFFree Report) by 5.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 313,009 shares of the company’s stock after selling 16,824 shares during the period. Principal Financial Group Inc. owned about 0.45% of KKR Real Estate Finance Trust worth $3,715,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in KREF. Nisa Investment Advisors LLC grew its position in KKR Real Estate Finance Trust by 3.4% during the third quarter. Nisa Investment Advisors LLC now owns 40,871 shares of the company’s stock valued at $485,000 after purchasing an additional 1,340 shares in the last quarter. Autumn Glory Partners LLC purchased a new position in KKR Real Estate Finance Trust during the third quarter valued at approximately $119,000. Mission Wealth Management LP acquired a new stake in KKR Real Estate Finance Trust in the third quarter valued at approximately $177,000. Commonwealth Equity Services LLC acquired a new stake in KKR Real Estate Finance Trust in the third quarter valued at approximately $119,000. Finally, SG Americas Securities LLC acquired a new stake in KKR Real Estate Finance Trust in the third quarter valued at approximately $420,000. 73.01% of the stock is owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Trading Down 13.9 %

Shares of KKR Real Estate Finance Trust stock opened at $10.14 on Thursday. The firm has a market capitalization of $702.46 million, a PE ratio of -33.78 and a beta of 1.01. The company has a debt-to-equity ratio of 4.20, a current ratio of 384.64 and a quick ratio of 384.64. The company’s fifty day moving average price is $12.89 and its two-hundred day moving average price is $12.20. KKR Real Estate Finance Trust Inc. has a 52-week low of $9.42 and a 52-week high of $16.24.

KKR Real Estate Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 16.97%. The ex-dividend date of this dividend was Thursday, December 28th. KKR Real Estate Finance Trust’s payout ratio is -573.31%.

Wall Street Analysts Forecast Growth

KREF has been the topic of a number of research reports. JMP Securities dropped their target price on shares of KKR Real Estate Finance Trust from $14.50 to $13.00 and set a “market outperform” rating on the stock in a research report on Wednesday. Raymond James dropped their target price on shares of KKR Real Estate Finance Trust from $15.00 to $14.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 25th. Finally, Citigroup dropped their target price on shares of KKR Real Estate Finance Trust from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.17.

View Our Latest Report on KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Profile

(Free Report)

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 real estate 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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