Truist Financial Corp bought a new position in shares of KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Rating) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 23,923 shares of the company's stock, valued at approximately $417,000.

Several other institutional investors and hedge funds have also made changes to their positions in KREF. Signaturefd LLC increased its stake in shares of KKR Real Estate Finance Trust by 40.2% during the first quarter. Signaturefd LLC now owns 1,889 shares of the company's stock valued at $39,000 after buying an additional 542 shares during the period. Claybrook Capital LLC increased its stake in shares of KKR Real Estate Finance Trust by 0.6% during the first quarter. Claybrook Capital LLC now owns 109,146 shares of the company's stock valued at $2,249,000 after buying an additional 692 shares during the period. Bank of Montreal Can increased its stake in shares of KKR Real Estate Finance Trust by 8.9% during the first quarter. Bank of Montreal Can now owns 12,902 shares of the company's stock valued at $272,000 after buying an additional 1,051 shares during the period. IndexIQ Advisors LLC increased its stake in shares of KKR Real Estate Finance Trust by 11.9% during the first quarter. IndexIQ Advisors LLC now owns 12,597 shares of the company's stock valued at $260,000 after buying an additional 1,340 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of KKR Real Estate Finance Trust by 8.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 16,892 shares of the company's stock valued at $348,000 after buying an additional 1,345 shares during the period. 74.91% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KREF shares. Wells Fargo & Company dropped their price target on KKR Real Estate Finance Trust to $22.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th. Raymond James decreased their target price on KKR Real Estate Finance Trust from $23.50 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, October 18th.

KKR Real Estate Finance Trust Stock Down 0.4 %

Shares of KREF opened at $16.84 on Monday. The company has a debt-to-equity ratio of 3.57, a quick ratio of 430.34 and a current ratio of 430.34. KKR Real Estate Finance Trust Inc. has a one year low of $15.70 and a one year high of $23.40. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 8.89 and a beta of 0.77. The stock has a 50 day moving average price of $18.42 and a 200 day moving average price of $18.82.

KKR Real Estate Finance Trust (NYSE:KREF – Get Rating) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. KKR Real Estate Finance Trust had a return on equity of 7.74% and a net margin of 48.10%. During the same period last year, the firm posted $0.54 EPS. Equities research analysts forecast that KKR Real Estate Finance Trust Inc. will post 1.92 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 10.21%. The ex-dividend date was Thursday, September 29th. KKR Real Estate Finance Trust's dividend payout ratio is currently 90.53%.

KKR Real Estate Finance Trust Company Profile

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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 mortgage loans, and commercial mortgage-backed securities.

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