Investing in KKR Real Estate Finance Trust Inc. (KREF) Is Getting More Attractive


KKR Real Estate Finance Trust Inc.’s recently made public that its Director Lee Christen E.J. acquired Company’s shares for reported $0.1 million on May 12. In the deal valued at $10.17 per share,10,000 shares were bought. As a result of this transaction, Lee Christen E.J. now holds 15,000 shares worth roughly $ 0.19 million.

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Then, Mattson W Patrick bought 8,000 shares, generating $84,775 in total proceeds. Upon buying the shares at $10.60, the President and COO now owns 245,651 shares.

Before that, Salem Matthew A bought 25,000 shares. KKR Real Estate Finance Trust Inc. shares valued at $267,562 were divested by the Chief Executive Officer at a price of $10.70 per share. As a result of the transaction, Salem Matthew A now holds 386,817 shares, worth roughly $4.88 million.

PT values the company’s stock at a premium of -5.08 to its Friday closing price.

Price Performance Review of KREF

On Friday, KKR Real Estate Finance Trust Inc. [NYSE:KREF] saw its stock jump 0.80% to $12.61. On the same session, the stock had its day’s lowest price of $12.56, but rose to a high of $12.725. Over the last five days, the stock has gained 8.33%. KKR Real Estate Finance Trust Inc. shares have fallen nearly -9.67% since the year began. Nevertheless, the stocks have fallen -34.53% over the past one year. While a 52-week high of $19.99 was reached on 02/02/23, a 52-week low of $9.94 was recorded on 05/11/23. SMA at 50 days reached $12.26, while 200 days put it at $13.03. A total of 0.25 million shares were traded, compared to the trading of 0.36 million shares in the previous session.

Levels Of Support And Resistance For KREF Stock

The 24-hour chart illustrates a support level at 12.54, which if violated will result in even more drops to 12.47. On the upside, there is a resistance level at 12.70. A further resistance level may holdings at 12.80. The Relative Strength Index (RSI) on the 14-day chart is 62.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.12%. Stochastics %K at 94.91% indicates the stock is a selling.

How much short interest is there in KKR Real Estate Finance Trust Inc.?

A steep rise in short interest was recorded in KKR Real Estate Finance Trust Inc. stocks on Aug 14, 2023, dropping by -0.55 million shares to a total of 1.85 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.4 million shares. There was a decline of -29.73%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.85% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.56.

KKR Real Estate Finance Trust Inc. [KREF] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,532,782 shares, or roughly 13.79% of the outstanding KREF shares. In other words, the investor’s shares have fallen by -45,667 from its previous 13-F filing of 9578449.0.. At present, Global X Management Co. LLC is holding 2,115,298 shares valued at $26.36 million. Balyasny Asset Management LP owned 1,323,225 shares of the company at the time of its most recent 13F filing, worth $16.49 million.

According to FactSet, KKR Real Estate Finance Trust Inc.’s share price will average $13.46 in the next year, based on opinions of analysts polled by the firm. This is up nearly 3.92 percent from its previous closing price of $12.51. Analysts expect KKR Real Estate Finance Trust Inc. stock to reach the higher price of $15.00, while the lowest price estimate is $12.00. However, 7 analysts have rated KREF stock as an Overweight in their predictions for 2023.


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