KKR Real Estate Finance Trust Inc (NYSE:KREF) Short Interest Up 23.7% in November

KKR Real Estate Finance Trust Inc (NYSE:KREF) saw a significant growth in short interest during the month of November. As of November 29th, there was short interest totalling 2,820,000 shares, a growth of 23.7% from the November 14th total of 2,280,000 shares. Currently, 5.5% of the company’s stock are sold short. Based on an average trading volume of 466,200 shares, the short-interest ratio is presently 6.0 days.

NYSE:KREF traded down $0.04 during midday trading on Thursday, reaching $20.19. 225,629 shares of the stock traded hands, compared to its average volume of 451,238. The company has a debt-to-equity ratio of 3.55, a quick ratio of 407.43 and a current ratio of 407.43. KKR Real Estate Finance Trust has a 12-month low of $18.54 and a 12-month high of $20.80. The stock has a market capitalization of $1.18 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 2.47 and a beta of 0.23. The business has a 50-day moving average of $20.01 and a two-hundred day moving average of $19.83.

KKR Real Estate Finance Trust (NYSE:KREF) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. KKR Real Estate Finance Trust had a net margin of 40.23% and a return on equity of 8.23%. The business had revenue of $28.63 million for the quarter, compared to analyst estimates of $30.30 million. Research analysts anticipate that KKR Real Estate Finance Trust will post 1.65 earnings per share for the current year.

KREF has been the subject of a number of analyst reports. Zacks Investment Research raised shares of KKR Real Estate Finance Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Compass Point initiated coverage on shares of KKR Real Estate Finance Trust in a research report on Monday, December 2nd. They set a “neutral” rating and a $20.50 target price for the company. Four analysts have rated the stock with a hold rating, KKR Real Estate Finance Trust presently has an average rating of “Hold” and an average target price of $21.33.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in KKR Real Estate Finance Trust by 4.7% during the 2nd quarter. BlackRock Inc. now owns 2,542,908 shares of the company’s stock valued at $50,655,000 after purchasing an additional 115,093 shares in the last quarter. Vanguard Group Inc. increased its stake in KKR Real Estate Finance Trust by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 2,298,496 shares of the company’s stock valued at $45,786,000 after purchasing an additional 89,641 shares in the last quarter. Capital Growth Management LP increased its stake in KKR Real Estate Finance Trust by 101.6% during the 2nd quarter. Capital Growth Management LP now owns 1,734,000 shares of the company’s stock valued at $34,541,000 after purchasing an additional 874,000 shares in the last quarter. UBS Group AG increased its stake in KKR Real Estate Finance Trust by 9.4% during the 2nd quarter. UBS Group AG now owns 790,843 shares of the company’s stock valued at $15,754,000 after purchasing an additional 68,244 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in KKR Real Estate Finance Trust by 52.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 735,279 shares of the company’s stock valued at $14,647,000 after purchasing an additional 252,275 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

KKR Real Estate Finance Trust Company Profile

KKR Real Estate Finance Trust Inc, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. The company engages in the origination and purchase of credit investments related to commercial real estate, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities.

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