Charles Schwab Investment Management Inc. Buys 104,360 Shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Charles Schwab Investment Management Inc. lifted its position in KKR Real Estate Finance Trust Inc. (NYSE:KREFFree Report) by 14.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 804,214 shares of the company’s stock after acquiring an additional 104,360 shares during the period. Charles Schwab Investment Management Inc.’s holdings in KKR Real Estate Finance Trust were worth $10,640,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new position in KKR Real Estate Finance Trust in the 3rd quarter worth $119,000. Autumn Glory Partners LLC raised its stake in shares of KKR Real Estate Finance Trust by 30.0% in the 4th quarter. Autumn Glory Partners LLC now owns 13,000 shares of the company’s stock valued at $172,000 after purchasing an additional 3,000 shares during the period. Samalin Investment Counsel LLC boosted its position in shares of KKR Real Estate Finance Trust by 15.6% during the third quarter. Samalin Investment Counsel LLC now owns 14,598 shares of the company’s stock worth $173,000 after buying an additional 1,970 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of KKR Real Estate Finance Trust during the fourth quarter worth about $385,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in KKR Real Estate Finance Trust in the 3rd quarter valued at approximately $403,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Stock Performance

NYSE KREF opened at $9.34 on Friday. The firm has a market capitalization of $647.36 million, a P/E ratio of -20.30 and a beta of 0.97. The company has a current ratio of 364.56, a quick ratio of 364.56 and a debt-to-equity ratio of 4.20. The firm’s fifty day moving average price is $9.71 and its two-hundred day moving average price is $11.04. KKR Real Estate Finance Trust Inc. has a 1 year low of $9.09 and a 1 year high of $14.12.

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

Wall Street Analysts Forecast Growth

KREF has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price target on KKR Real Estate Finance Trust from $12.00 to $10.50 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Keefe, Bruyette & Woods reduced 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 report on Friday, April 26th. JMP Securities reiterated a “market outperform” rating and issued a $12.00 price target on shares of KKR Real Estate Finance Trust in a research note on Tuesday, May 21st. Finally, JPMorgan Chase & Co. reduced their price objective 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 note on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.82.

Read 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 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.

Further Reading

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

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