W Patrick Mattson Acquires 10,000 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) Stock

KKR Real Estate Finance Trust Inc. (NYSE:KREFGet Free Report) COO W Patrick Mattson acquired 10,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average price of $9.72 per share, for a total transaction of $97,200.00. Following the purchase, the chief operating officer now directly owns 308,446 shares of the company’s stock, valued at $2,998,095.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

KKR Real Estate Finance Trust Stock Down 1.9 %

KREF opened at $9.52 on Friday. The company has a quick ratio of 384.64, a current ratio of 361.76 and a debt-to-equity ratio of 4.32. KKR Real Estate Finance Trust Inc. has a 52-week low of $9.36 and a 52-week high of $15.36. The firm’s fifty day simple moving average is $12.76 and its two-hundred day simple moving average is $12.16.

KKR Real Estate Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 10.50%. The ex-dividend date of this dividend is Wednesday, March 27th. KKR Real Estate Finance Trust’s payout ratio is -220.51%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of KKR Real Estate Finance Trust from $12.00 to $11.50 and set an “overweight” rating on the stock in a research note on Thursday. Raymond James cut their price objective 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 note on Wednesday, October 25th. Citigroup lowered their price target on shares of KKR Real Estate Finance Trust from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. JMP Securities lowered their price target 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 report on Wednesday. Finally, Wells Fargo & Company lowered their price target on shares of KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, KKR Real Estate Finance Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.57.

Check Out Our Latest Research Report on KKR Real Estate Finance Trust

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of KKR Real Estate Finance Trust by 0.5% in the second quarter. BlackRock Inc. now owns 10,315,758 shares of the company’s stock worth $125,543,000 after buying an additional 52,577 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of KKR Real Estate Finance Trust by 3.8% in the third quarter. Vanguard Group Inc. now owns 5,535,080 shares of the company’s stock worth $89,945,000 after buying an additional 204,534 shares in the last quarter. State Street Corp lifted its stake in shares of KKR Real Estate Finance Trust by 2.1% in the first quarter. State Street Corp now owns 2,270,766 shares of the company’s stock worth $26,837,000 after buying an additional 45,796 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of KKR Real Estate Finance Trust by 330.9% in the first quarter. Balyasny Asset Management L.P. now owns 1,516,913 shares of the company’s stock worth $17,278,000 after buying an additional 1,164,851 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of KKR Real Estate Finance Trust by 18.8% in the first quarter. Allianz Asset Management GmbH now owns 1,285,600 shares of the company’s stock worth $26,496,000 after buying an additional 203,500 shares in the last quarter. 73.01% of the stock is owned by hedge funds and other institutional investors.

KKR Real Estate Finance Trust Company Profile

(Get 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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