Quadrant Capital Group LLC Cuts Holdings in KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Quadrant Capital Group LLC trimmed its holdings in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF) by 25.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,982 shares of the company’s stock after selling 3,400 shares during the quarter. Quadrant Capital Group LLC’s holdings in KKR Real Estate Finance Trust were worth $132,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KREF. Commonwealth Equity Services LLC purchased a new position in KKR Real Estate Finance Trust during the third quarter valued at approximately $119,000. Nisa Investment Advisors LLC grew its holdings in KKR Real Estate Finance Trust by 3.4% in the third quarter. Nisa Investment Advisors LLC now owns 40,871 shares of the company’s stock worth $485,000 after purchasing an additional 1,340 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in KKR Real Estate Finance Trust in the third quarter worth $403,000. Swiss National Bank grew its holdings in KKR Real Estate Finance Trust by 1.0% in the third quarter. Swiss National Bank now owns 129,100 shares of the company’s stock worth $1,532,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in KKR Real Estate Finance Trust by 18.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 699,854 shares of the company’s stock worth $8,307,000 after purchasing an additional 109,995 shares during the last quarter. 70.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on KREF. Wells Fargo & Company lowered their price objective on shares of KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating for the company in a research note on Thursday, February 8th. JMP Securities restated a “market outperform” rating and set a $12.00 target price on shares of KKR Real Estate Finance Trust in a research report on Tuesday. Keefe, Bruyette & Woods decreased their target price on shares of KKR Real Estate Finance Trust from $10.00 to $9.75 and set a “market perform” rating for the company in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. decreased their target price on shares of KKR Real Estate Finance Trust from $11.50 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, KKR Real Estate Finance Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.82.

KKR Real Estate Finance Trust Stock Performance

KREF opened at $9.70 on Thursday. KKR Real Estate Finance Trust Inc. has a fifty-two week low of $9.09 and a fifty-two week high of $14.12. The company has a quick ratio of 364.56, a current ratio of 364.56 and a debt-to-equity ratio of 4.20. The company has a fifty day moving average of $9.79 and a two-hundred day moving average of $11.12.

KKR Real Estate Finance Trust (NYSE:KREF) last released its earnings results on Tuesday, April 23rd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $151.62 million during the quarter, compared to analysts’ expectations of $43.16 million. KKR Real Estate Finance Trust had a negative net margin of 1.39% and a positive return on equity of 10.38%. During the same quarter in the previous year, the company earned $0.48 earnings per share. As a group, analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.33 EPS for the current fiscal year.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional 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.