KKR Real Estate Finance Trust Inc (NYSE:KREF) Sees Large Decline in Short Interest

KKR Real Estate Finance Trust Inc (NYSE:KREF) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 2,950,000 shares, a decline of 9.2% from the January 15th total of 3,250,000 shares. Based on an average trading volume of 516,400 shares, the short-interest ratio is presently 5.7 days. Currently, 7.8% of the company’s stock are short sold.

Several research analysts have recently commented on the company. Compass Point assumed coverage on KKR Real Estate Finance Trust in a research report on Monday, December 2nd. They issued a “neutral” rating and a $20.50 price target for the company. Zacks Investment Research lowered KKR Real Estate Finance Trust from a “buy” rating to a “hold” rating in a research report on Saturday, February 1st.

Large investors have recently made changes to their positions in the stock. CWM LLC acquired a new position in KKR Real Estate Finance Trust during the 4th quarter valued at about $33,000. US Bancorp DE increased its position in KKR Real Estate Finance Trust by 392.5% during the 4th quarter. US Bancorp DE now owns 1,827 shares of the company’s stock valued at $37,000 after buying an additional 1,456 shares in the last quarter. Denali Advisors LLC acquired a new position in KKR Real Estate Finance Trust during the 4th quarter valued at about $65,000. Bank of Montreal Can increased its position in KKR Real Estate Finance Trust by 33.9% during the 4th quarter. Bank of Montreal Can now owns 3,660 shares of the company’s stock valued at $75,000 after buying an additional 926 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in KKR Real Estate Finance Trust by 179.9% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 5,430 shares of the company’s stock valued at $106,000 after buying an additional 3,490 shares in the last quarter. 77.96% of the stock is currently owned by institutional investors.

NYSE:KREF traded up $0.02 during mid-day trading on Friday, hitting $21.39. 337,495 shares of the company’s stock traded hands. The company has a fifty day moving average of $20.88 and a 200 day moving average of $20.04. KKR Real Estate Finance Trust has a twelve month low of $18.82 and a twelve month high of $21.48.

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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