Prevail Innovative Wealth Advisors LLC Acquires Shares of 157,638 KKR Real Estate Finance Trust $KREF

Prevail Innovative Wealth Advisors LLC acquired a new position in KKR Real Estate Finance Trust (NYSE:KREF) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 157,638 shares of the company’s stock, valued at approximately $1,419,000. Prevail Innovative Wealth Advisors LLC owned 0.24% of KKR Real Estate Finance Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of KREF. Geneos Wealth Management Inc. raised its holdings in KKR Real Estate Finance Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,450 shares of the company’s stock worth $30,000 after purchasing an additional 1,725 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of KKR Real Estate Finance Trust by 742.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,151 shares of the company’s stock valued at $36,000 after buying an additional 3,658 shares in the last quarter. Allworth Financial LP raised its stake in shares of KKR Real Estate Finance Trust by 3,904.6% during the 2nd quarter. Allworth Financial LP now owns 4,365 shares of the company’s stock worth $38,000 after buying an additional 4,256 shares during the period. Cloud Capital Management LLC purchased a new position in shares of KKR Real Estate Finance Trust during the 3rd quarter valued at approximately $48,000. Finally, Tower Research Capital LLC TRC grew its stake in KKR Real Estate Finance Trust by 64.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,732 shares of the company’s stock valued at $50,000 after acquiring an additional 2,238 shares during the period. 70.23% of the stock is currently owned by institutional investors and hedge funds.

KKR Real Estate Finance Trust Price Performance

Shares of NYSE KREF opened at $7.20 on Monday. The firm has a 50-day simple moving average of $7.67 and a 200-day simple moving average of $8.40. The stock has a market capitalization of $462.82 million, a price-to-earnings ratio of -6.86 and a beta of 0.90. The company has a quick ratio of 407.64, a current ratio of 407.64 and a debt-to-equity ratio of 3.83. KKR Real Estate Finance Trust has a 52 week low of $6.64 and a 52 week high of $11.53.

KKR Real Estate Finance Trust (NYSE:KREF) last posted its quarterly 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 firm had revenue of $32.72 million for the quarter, compared to the consensus estimate of $26.06 million. On average, equities analysts predict that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current fiscal year.

KKR Real Estate Finance Trust Dividend Announcement

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

Analyst Ratings Changes

Several research firms have issued reports on KREF. JPMorgan Chase & Co. decreased their price objective on shares of 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. Wells Fargo & Company decreased their price target on shares of KKR Real Estate Finance Trust from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. BTIG Research cut KKR Real Estate Finance Trust from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Keefe, Bruyette & Woods reduced their target price on KKR Real Estate Finance Trust from $8.25 to $8.00 and set a “market perform” rating for the company in a report on Thursday, February 5th. Finally, Zacks Research cut KKR Real Estate Finance Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, KKR Real Estate Finance Trust currently has an average rating of “Hold” and a consensus target price of $10.00.

About KKR Real Estate Finance Trust

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.