KKR Real Estate Finance Trust Inc. (NYSE:KREF) Short Interest Update

by hexaa
April 2, 2023

KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Rating) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totaling 2,790,000 shares, an increase of 8.1% from the February 28th total of 2,580,000 shares. Based on an average daily volume of 487,200 shares, the short-interest ratio is presently 5.7 days.

Hedge Funds Weigh In On KKR Real Estate Finance Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC purchased a new position in KKR Real Estate Finance Trust in the 4th quarter worth $29,000. Quadrant Capital Group LLC raised its stake in KKR Real Estate Finance Trust by 422.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,052 shares of the company’s stock worth $33,000 after acquiring an additional 1,659 shares during the last quarter. Captrust Financial Advisors purchased a new position in KKR Real Estate Finance Trust in the 2nd quarter worth $56,000. Tower Research Capital LLC TRC raised its stake in KKR Real Estate Finance Trust by 188.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,102 shares of the company’s stock worth $67,000 after acquiring an additional 2,680 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in KKR Real Estate Finance Trust by 20.1% in the 4th quarter. Catalyst Capital Advisors LLC now owns 4,840 shares of the company’s stock worth $68,000 after acquiring an additional 810 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. JMP Securities decreased their price objective on KKR Real Estate Finance Trust from $19.00 to $18.00 and set a “market outperform” rating for the company in a report on Wednesday, February 1st. Keefe, Bruyette & Woods lowered KKR Real Estate Finance Trust to a “market perform” rating in a report on Thursday, December 15th. Finally, Citigroup decreased their price objective on KKR Real Estate Finance Trust from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, February 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.17.

KKR Real Estate Finance Trust Stock Performance

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Shares of KREF stock opened at $11.39 on Friday. The firm has a market capitalization of $787.05 million, a price-to-earnings ratio of 45.56 and a beta of 0.86. The company has a debt-to-equity ratio of 3.92, a current ratio of 272.77 and a quick ratio of 272.77. The business has a fifty day moving average of $13.84 and a 200 day moving average of $15.46. KKR Real Estate Finance Trust has a 1 year low of $10.10 and a 1 year high of $21.17.

KKR Real Estate Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be paid a $0.43 dividend. The ex-dividend date is Thursday, March 30th. This represents a $1.72 dividend on an annualized basis and a yield of 15.10%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is 688.00%.

KKR Real Estate Finance Trust Company Profile

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KKR Real Estate Finance Trust, Inc is engaged in originating and acquiring senior loans secured by commercial real estate assets. Its target assets include mezzanine loans, preferred equity and other debt-oriented instruments. The company’s investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, primarily through dividends.