The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. KKR Real Estate Finance Trust Inc. shares valued at $82,917,500 were sold by KKR Group Partnership L.P. on Jun 07. At $19.51 per share, KKR Group Partnership L.P. sold 4,250,000 shares. The insider’s holdings dropped to 10,000,000 shares worth approximately $170.1 million following the completion of this transaction.
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Also, KKR REFT Holdings L.P. sold 4,250,000 shares, netting a total of over 82,917,500 in proceeds. Following the sale of shares at $19.51 each, the insider now holds 10,000,000 shares.
As published in a research note from JMP Securities on April 28, 2021, KKR Real Estate Finance Trust Inc. [KREF] has been rated up from a Mkt perform to a Mkt outperform and the price target has been revised to $21.50. This represents a 20.88% premium over Wednesday’s closing price. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early February. As of February 03, 2021, BTIG Research has initiated its “Buy” rating for KREF. Earlier on November 06, 2020, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for KREF stock.
Analyzing KREF Stock Performance
On Wednesday, KKR Real Estate Finance Trust Inc. [NYSE: KREF] plunged -3.19% to $17.01. The stock’s lowest price that day was $17.00, but it reached a high of $17.68 in the same session. During the last five days, there has been a drop of approximately -0.35%. Over the course of the year, KKR Real Estate Finance Trust Inc. shares have dropped approximately -18.34%. Shares of the company reached a 52-week high of $22.44 on 01/13/22 and a 52-week low of $15.70 on 10/03/22. A 50-day SMA is recorded $18.05, while a 200-day SMA reached $19.29. Nevertheless, trading volume fell to 0.56 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for KKR Real Estate Finance Trust Inc. (KREF)
According to the 24-hour chart, there is a support level at 16.78, which, if violated, would cause prices to drop to 16.55. In the upper region, resistance lies at 17.46. The next price resistance is at 17.91. RSI (Relative Strength Index) is 45.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 49.49%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is KKR Real Estate Finance Trust Inc. subject to short interest?
Stocks of KKR Real Estate Finance Trust Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.74 million shares to 1.68 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 0.94 million shares. A jump of 43.77% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.
Which companies own the most shares of KKR Real Estate Finance Trust Inc. (KREF)?
According to KKR Investment Management LLC filings, the company currently owns 9,187,501 shares, which is about 13.27% of the total KREF shares outstanding. The investor’s shares have plunged by -3,904,686 from its previous 13-F filing of 13092187.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $133,014,148. The Vanguard Group, Inc. acquire a 20.33% interest valued at $85.43 million while Nan Shan Life Insurance Co., Ltd. 0 stake. In its current portfolio, SSgA Funds Management, Inc. holds 1,694,415 shares valued at $27.53 million.
In spite of this, 7 analysts ranked KKR Real Estate Finance Trust Inc. stock as a Buy at the end of 2022. On September 17, 2020, Citigroup assigned a price target of “a Neutral” to the stock and downgraded coverage with a $18.