157,638 Shares in KKR Real Estate Finance Trust $KREF Acquired by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC acquired a new position in shares of KKR Real Estate Finance Trust (NYSE:KREF) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 157,638 shares of the company’s stock, valued at approximately $1,419,000.

Several other large investors also recently added to or reduced their stakes in KREF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of KKR Real Estate Finance Trust by 8.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,115,655 shares of the company’s stock worth $9,784,000 after acquiring an additional 84,647 shares during the last quarter. Invesco Ltd. boosted its position in shares of KKR Real Estate Finance Trust by 92.2% during the 2nd quarter. Invesco Ltd. now owns 841,503 shares of the company’s stock valued at $7,380,000 after acquiring an additional 403,660 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of KKR Real Estate Finance Trust by 368.5% in the second quarter. Balyasny Asset Management L.P. now owns 536,084 shares of the company’s stock valued at $4,701,000 after purchasing an additional 421,657 shares during the period. Condor Capital Management grew its holdings in shares of KKR Real Estate Finance Trust by 8.5% in the third quarter. Condor Capital Management now owns 374,058 shares of the company’s stock valued at $3,367,000 after purchasing an additional 29,433 shares during the period. Finally, Millennium Management LLC increased its position in KKR Real Estate Finance Trust by 25.9% during the first quarter. Millennium Management LLC now owns 353,216 shares of the company’s stock worth $3,815,000 after purchasing an additional 72,566 shares during the last quarter. 70.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on KREF shares. BTIG Research downgraded shares of KKR Real Estate Finance Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Wells Fargo & Company dropped their price target on shares of KKR Real Estate Finance Trust from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of KKR Real Estate Finance Trust in a research report on Thursday, January 22nd. JPMorgan Chase & Co. decreased their price objective on KKR Real Estate Finance Trust from $8.50 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Finally, Zacks Research lowered KKR Real Estate Finance Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.00.

KKR Real Estate Finance Trust Stock Down 1.0%

Shares of KREF opened at $7.20 on Monday. The company’s 50-day moving average price is $7.67 and its 200 day moving average price is $8.40. KKR Real Estate Finance Trust has a 12-month low of $6.64 and a 12-month high of $11.53. The company has a current ratio of 407.64, a quick ratio of 407.64 and a debt-to-equity ratio of 3.83. The firm has a market cap of $462.82 million, a P/E ratio of -6.86 and a beta of 0.90.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.08. KKR Real Estate Finance Trust had a negative net margin of 10.80% and a negative return on equity of 1.13%. The company had revenue of $32.72 million during the quarter, compared to analyst estimates of $26.06 million. On average, sell-side analysts forecast that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.9%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is presently -95.24%.

KKR Real Estate Finance Trust Profile

KKR Real Estate Finance Trust, Inc (NYSE: KREF) is a mortgage real estate investment trust sponsored by KKR & Co Inc The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.

The trust’s investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions.