Key Points
- Director Ralph Rosenberg sold 125,289 shares of KKR Real Estate Finance Trust on December 3 at an average price of $8.25, for a total of about $1.03 million (SEC filing).
- The company pays a quarterly $0.25 dividend (11.8% yield) but has a negative payout ratio (-285.7%) and reported a miss on its last quarter with EPS of ($0.03) versus a $0.01 consensus, indicating dividend coverage and profitability concerns.
- KKR Real Estate Finance Trust has a market cap of about $555.7 million, a 12‑month trading range of $7.78–$11.70, and a consensus analyst rating of Hold with an average target price of $9.94; institutional investors own roughly 70% of the stock.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) Director Ralph Rosenberg sold 125,289 shares of KKR Real Estate Finance Trust stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $8.25, for a total transaction of $1,033,634.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
KKR Real Estate Finance Trust Price Performance
Shares of KREF stock opened at $8.49 on Thursday. The firm has a fifty day simple moving average of $8.49 and a 200-day simple moving average of $8.98. The company has a market capitalization of $555.68 million, a PE ratio of -24.24 and a beta of 0.89. KKR Real Estate Finance Trust has a twelve month low of $7.78 and a twelve month high of $11.70. The company has a current ratio of 423.43, a quick ratio of 423.43 and a debt-to-equity ratio of 3.63.
KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last released its quarterly earnings results on Tuesday, October 21st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The firm had revenue of $31.41 million for the quarter, compared to analysts' expectations of $29.90 million. KKR Real Estate Finance Trust had a negative return on equity of 0.60% and a negative net margin of 0.12%. Equities research analysts anticipate that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.
KKR Real Estate Finance Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.25 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 11.8%. KKR Real Estate Finance Trust's payout ratio is -285.71%.
Wall Street Analyst Weigh In
KREF has been the subject of a number of recent analyst reports. Wall Street Zen upgraded KKR Real Estate Finance Trust from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Keefe, Bruyette & Woods reduced their target price on KKR Real Estate Finance Trust from $9.50 to $8.75 and set a "market perform" rating for the company in a research note on Thursday, October 23rd. Wells Fargo & Company decreased their price target on shares of KKR Real Estate Finance Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, October 24th. Weiss Ratings restated a "sell (d)" rating on shares of KKR Real Estate Finance Trust in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of KKR Real Estate Finance Trust from a "strong sell" rating to a "hold" rating in a report on Monday, September 29th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, KKR Real Estate Finance Trust presently has a consensus rating of "Hold" and an average target price of $9.94.
Check Out Our Latest Research Report on KKR Real Estate Finance Trust
Hedge Funds Weigh In On KKR Real Estate Finance Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of KREF. Caxton Associates LLP grew its position in shares of KKR Real Estate Finance Trust by 250.4% during the third quarter. Caxton Associates LLP now owns 45,265 shares of the company's stock worth $407,000 after acquiring an additional 32,348 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in KKR Real Estate Finance Trust during the 3rd quarter valued at about $669,000. Nomura Holdings Inc. bought a new position in KKR Real Estate Finance Trust in the 3rd quarter worth about $5,212,000. Nokomis Capital L.L.C. grew its position in KKR Real Estate Finance Trust by 35.7% in the 3rd quarter. Nokomis Capital L.L.C. now owns 461,838 shares of the company's stock worth $4,157,000 after purchasing an additional 121,445 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of KKR Real Estate Finance Trust in the third quarter valued at approximately $152,000. 70.23% of the stock is currently owned by institutional investors and hedge funds.
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 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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