KKR Real Estate Finance Trust Inc. (NYSE:KREF) Major Shareholder Kkr Group Partnership L.P. Sells 27,684 Shares

KKR Real Estate Finance Trust Inc. (NYSE:KREF) major shareholder Kkr Group Partnership L.P. sold 27,684 shares of the business’s stock in a transaction dated Tuesday, November 17th. The stock was sold at an average price of $18.50, for a total value of $512,154.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Kkr Group Partnership L.P. also recently made the following trade(s):

  • On Tuesday, November 10th, Kkr Group Partnership L.P. sold 76,623 shares of KKR Real Estate Finance Trust stock. The stock was sold at an average price of $18.52, for a total value of $1,419,057.96.
  • On Tuesday, September 1st, Kkr Group Partnership L.P. sold 20,657 shares of KKR Real Estate Finance Trust stock. The stock was sold at an average price of $18.50, for a total value of $382,154.50.

Shares of KREF opened at $18.00 on Friday. The business’s 50 day moving average is $17.11 and its two-hundred day moving average is $16.92. KKR Real Estate Finance Trust Inc. has a 52-week low of $6.84 and a 52-week high of $22.03. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 20.00 and a beta of 0.65. The company has a quick ratio of 406.74, a current ratio of 406.74 and a debt-to-equity ratio of 3.93.

KKR Real Estate Finance Trust (NYSE:KREF) last announced its earnings results on Monday, October 26th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.12. KKR Real Estate Finance Trust had a return on equity of 10.30% and a net margin of 21.07%. On average, equities analysts expect that KKR Real Estate Finance Trust Inc. will post 1.96 earnings per share for the current fiscal year.

KREF has been the topic of several recent research reports. TheStreet raised KKR Real Estate Finance Trust from a “d” rating to a “c” rating in a research report on Tuesday, August 4th. Wolfe Research initiated coverage on KKR Real Estate Finance Trust in a research report on Friday, November 6th. They set a “market perform” rating on the stock. Raymond James reissued a “buy” rating and set a $19.50 price target on shares of KKR Real Estate Finance Trust in a research report on Monday, August 3rd. ValuEngine lowered KKR Real Estate Finance Trust from a “sell” rating to a “strong sell” rating in a research report on Monday, October 19th. Finally, Citigroup lowered KKR Real Estate Finance Trust from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $17.00 to $18.00 in a research report on Wednesday, September 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. KKR Real Estate Finance Trust presently has a consensus rating of “Hold” and an average price target of $18.92.

Hedge funds have recently bought and sold shares of the stock. Sawtooth Solutions LLC raised its position in shares of KKR Real Estate Finance Trust by 110.4% during the 2nd quarter. Sawtooth Solutions LLC now owns 22,827 shares of the company’s stock valued at $378,000 after acquiring an additional 11,976 shares in the last quarter. TD Asset Management Inc. acquired a new stake in shares of KKR Real Estate Finance Trust during the 2nd quarter valued at approximately $2,645,000. Comerica Bank raised its position in shares of KKR Real Estate Finance Trust by 6.2% during the 2nd quarter. Comerica Bank now owns 24,889 shares of the company’s stock valued at $426,000 after acquiring an additional 1,463 shares in the last quarter. Swiss National Bank raised its position in shares of KKR Real Estate Finance Trust by 40.6% during the 2nd quarter. Swiss National Bank now owns 70,600 shares of the company’s stock valued at $1,171,000 after acquiring an additional 20,400 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of KKR Real Estate Finance Trust by 32.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 354,436 shares of the company’s stock valued at $5,876,000 after acquiring an additional 86,721 shares in the last quarter. 81.28% of the stock is currently owned by institutional investors and hedge funds.

About KKR Real Estate Finance Trust

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

Further Reading: Trading Strategy Examples and Plans

Receive News & Ratings for KKR Real Estate Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR Real Estate Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.