KKR Real Estate Finance Trust Inc. (NYSE:KREF) Major Shareholder Reft Holdings LP Kkr Sells 4,250,000 Shares

KKR Real Estate Finance Trust Inc. (NYSE: KREF – Get a rating) major shareholder Reft Holdings LP Kkr sold 4,250,000 shares of the company in a transaction that took place on Tuesday, June 7. The stock was sold at an average price of $19.51, for a total transaction of $82,917,500.00. Following the completion of the transaction, the insider now owns 10,000,000 shares of the company, valued at approximately $195,100,000. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. Large shareholders who own 10% or more of a company’s stock are required to disclose their sales and purchases to the SEC.

Shares of KKR Real Estate Finance Trust traded down $0.32 on Thursday, hitting $18.85. 869,244 shares of the company were traded, compared to its average volume of 595,318. The company’s 50-day moving average price is $19.87 and its two-hundred-day moving average price is 20, $64. The stock has a market capitalization of $1.28 billion, a PE ratio of 8.96 and a beta of 0.66. KKR Real Estate Finance Trust Inc. has a one-year low of $18.52 and a one-year high of $23.42. The company has a debt ratio of 3.30, a current ratio of 409.61 and a quick ratio of 409.61.

KKR Real Estate Finance Trust (NYSE: KREF – Get a rating) last released its quarterly earnings data on Monday, April 25. The company reported EPS of $0.47 for the quarter, beating consensus analyst estimates of $0.44 by $0.03. KKR Real Estate Finance Trust posted a net margin of 54.74% and a return on equity of 7.90%. In the same period a year earlier, the company posted earnings per share of $0.55. On average, analysts expect KKR Real Estate Finance Trust Inc. to post 1.74 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15. Investors of record on Thursday, March 31 received a dividend of $0.43. This represents a dividend of $1.72 on an annualized basis and a dividend yield of 9.12%. The ex-dividend date was Wednesday, March 30. KKR Real Estate Finance Trust’s dividend payout ratio is currently 80.37%.

Several research analysts have recently weighed in on the stock. JMP Securities lowered its price target on KKR Real Estate Finance Trust shares from $23.50 to $23.00 and set a ‘market outperformance’ rating for the company in a Monday, March 21 research report . Raymond James raised his price target on KKR Real Estate Finance Trust shares from $24.00 to $25.00 and gave the company an “outperform” rating in a Thursday, February 10 research report.

Several institutional investors and hedge funds have recently increased or reduced their stake in KREF. Nauset Wealth Management. LLC purchased a new equity stake from KKR Real Estate Finance Trust in Q1 for $30,000. City State Bank acquired a new position in KKR Real Estate Finance Trust in Q4 worth $39,000. Signaturefd LLC increased its stake in KKR Real Estate Finance Trust by 40.2% in the 1st quarter. Signaturefd LLC now owns 1,889 shares of the company worth $39,000 after purchasing an additional 542 shares during the period. Steward Partners Investment Advisory LLC increased its stake in KKR Real Estate Finance Trust by 241.9% in Q1. Steward Partners Investment Advisory LLC now owns 2,120 shares of the company worth $44,000 after purchasing an additional 1,500 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in KKR Real Estate Finance Trust in Q3 worth $45,000. Institutional investors and hedge funds hold 78.72% of the company’s shares.

KKR Real Estate Finance Trust Company Profile (Get a rating)

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, is primarily focused on originating and acquiring senior loans secured by commercial real estate (CRA) assets. It engages in the origination and purchase of CRE-related credit investments, including leveraged and unleveraged commercial mortgages, and commercial mortgage-backed securities.

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