Timbercreek Investment Management Inc. Takes Position in KKR Real Estate Finance Trust Inc (NYSE:KREF)

Timbercreek Investment Management Inc. purchased a new stake in shares of KKR Real Estate Finance Trust Inc (NYSE:KREF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 340,280 shares of the company’s stock, valued at approximately $6,646,000. Timbercreek Investment Management Inc. owned about 0.59% of KKR Real Estate Finance Trust as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Strs Ohio raised its stake in shares of KKR Real Estate Finance Trust by 15.5% during the second quarter. Strs Ohio now owns 6,700 shares of the company’s stock valued at $133,000 after acquiring an additional 900 shares during the last quarter. Wiley BROS. Aintree Capital LLC raised its stake in shares of KKR Real Estate Finance Trust by 4.6% during the second quarter. Wiley BROS. Aintree Capital LLC now owns 23,984 shares of the company’s stock valued at $478,000 after acquiring an additional 1,060 shares during the last quarter. United Services Automobile Association raised its stake in shares of KKR Real Estate Finance Trust by 8.7% during the second quarter. United Services Automobile Association now owns 19,122 shares of the company’s stock valued at $381,000 after acquiring an additional 1,537 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of KKR Real Estate Finance Trust by 30.7% during the third quarter. Nisa Investment Advisors LLC now owns 7,308 shares of the company’s stock valued at $143,000 after acquiring an additional 1,717 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of KKR Real Estate Finance Trust by 411.0% during the second quarter. Bank of Montreal Can now owns 2,652 shares of the company’s stock valued at $52,000 after acquiring an additional 2,133 shares during the last quarter. 79.44% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Christen E.J. Lee bought 5,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of $19.15 per share, with a total value of $95,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.89% of the stock is owned by company insiders.

Separately, Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $21.50.

NYSE KREF traded up $0.02 during mid-day trading on Wednesday, reaching $19.79. 4,969 shares of the stock were exchanged, compared to its average volume of 153,244. KKR Real Estate Finance Trust Inc has a one year low of $18.54 and a one year high of $21.00. The stock has a 50 day simple moving average of $19.55 and a 200-day simple moving average of $19.88. The stock has a market cap of $1.14 billion, a P/E ratio of 10.32, a P/E/G ratio of 2.44 and a beta of 0.22. The company has a debt-to-equity ratio of 3.42, a current ratio of 637.35 and a quick ratio of 637.35.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). KKR Real Estate Finance Trust had a return on equity of 7.86% and a net margin of 35.11%. The firm had revenue of $25.86 million for the quarter, compared to the consensus estimate of $27.50 million. Sell-side analysts anticipate that KKR Real Estate Finance Trust Inc will post 1.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 8.69%. The ex-dividend date of this dividend was Friday, September 27th. KKR Real Estate Finance Trust’s dividend payout ratio is presently 89.58%.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage 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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