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Short Interest in KKR Real Estate Finance Trust Inc. (NYSE:KREF) Decreases By 7.3%

KKR Real Estate Finance Trust Inc. (NYSE:KREF – Get Rating ) was the recipient of a large drop in short interest during the month of November. As of November 15th, short interest totaled 2,290,000 shares, a decrease of 7.3% from the October 31st total of 2,470,000 shares. Based on an average trading volume of 588,600 shares, the days-to-cover ratio is currently 3.9 days.

Hedge funds weigh in on KKR Real Estate Finance Trust

A number of large investors have recently bought and sold shares of KREF. IndexIQ Advisors LLC grew its stake in KKR Real Estate Finance Trust by 11.9% in the 1st quarter. IndexIQ Advisors LLC now owns 12,597 shares of the company’s stock valued at $260,000 after purchasing an additional 1,340 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of KKR Real Estate Finance Trust in the 1st quarter valued at approximately $462,000. Swiss National Bank grew its position in shares of KKR Real Estate Finance Trust by 17.4% in the 1st quarter. Swiss National Bank now owns 79,100 shares of the company’s stock valued at $1,630,000 after buying an additional 11,700 shares during the last quarter. Bank of Nova Scotia purchased a new stake in shares of KKR Real Estate Finance Trust in the 1st quarter valued at approximately $219,000. Lastly, Mirae Asset Global Investments Co. Ltd. increased its position in shares of KKR Real Estate Finance Trust by 43.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,729,030 shares of the company’s stock valued at $35,635,000 after purchasing an additional 519,584 shares during the last quarter. 74.91% of the share is owned by hedge funds and other institutional investors.

Analysts set new price targets

A number of analysts recently issued reports on the company. TheStreet downgraded KKR Real Estate Finance Trust from a “b-” rating to a “c” rating in a research report on Monday, October 24th. BTIG Research decreased their price objective on KKR Real Estate Finance Trust to $19.00 in a research report on Thursday, October 27th. JMP Securities lowered their price target on KKR Real Estate Finance Trust from $22.00 to $19.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 25th. JPMorgan Chase & Co. decreased their price objective on KKR Real Estate Finance Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, October 24th. Finally, Raymond James decreased their price objective on KKR Real Estate Finance Trust from $23.50 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, October 18th. Four research analysts have rated the stock with a buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $20.00.

KKR Real Estate Finance Trust Price Performance

Shares of KKR Real Estate Finance Trust stock opened at $16.11 on Monday. The company has a debt-to-equity ratio of 3.69, a current ratio of 309.42, and a quick ratio of 309.42. The business’s 50 day simple moving average is $16.90 and its two hundred day simple moving average is $18.18. The stock has a market cap of $1.11 billion, a P/E ratio of 25.57 and a beta of 0.75. KKR Real Estate Finance Trust has a one year low of $15.70 and a one year high of $22.44.

KKR Property Finance Trust announces dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, September 29. This represents an annualized dividend of $1.72 and a yield of 10.68%. KKR Real Estate Finance Trust’s dividend payout ratio (DPR) is currently 273.02%.

KKR Real Estate Finance Trust Company Profile

(Get rating)

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on the origination and acquisition of senior loans secured by commercial real estate assets (CRE). It is involved in the origination and purchase of credit investments related to CRE, including leveraged and unlevered commercial mortgage loans, and commercial mortgage-backed securities.

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