KKR Real Estate Finance Trust Inc’s filing revealed that its Chief Executive Officer Salem Matthew A acquired Company’s shares for reported $0.25 million on Feb 08 ’24. In the deal valued at $9.72 per share,26,000 shares were bought. As a result of this transaction, Salem Matthew A now holds 460,309 shares worth roughly $4.56 million.
Then, Mattson W Patrick bought 10,000 shares, generating $97,200 in total proceeds. Upon buying the shares at $9.72, the President and COO now owns 308,446 shares.
Before that, Lee Christen E.J. bought 10,000 shares. KKR Real Estate Finance Trust Inc shares valued at $101,662 were divested by the Director at a price of $10.17 per share. As a result of the transaction, Lee Christen E.J. now holds 15,000 shares, worth roughly $0.15 million.
A number of analysts have revised their coverage, including JMP Securities’s analysts, who increased its forecast for the stock in late April from “a Mkt perform” to “a Mkt outperform”. JP Morgan also remained covering KREF and has increased its forecast on February 09, 2021 with a “an Overweight” recommendation from previously “Neutral” rating. BTIG Research started covering the stock on February 03, 2021. It rated KREF as “a Buy”.
Price Performance Review of KREF
On Tuesday, KKR Real Estate Finance Trust Inc [NYSE:KREF] saw its stock jump 1.54% to $9.91. Over the last five days, the stock has gained 1.43%. KKR Real Estate Finance Trust Inc shares have fallen nearly -25.09% since the year began. Nevertheless, the stocks have fallen -10.48% over the past one year. While a 52-week high of $14.12 was reached on 01/02/24, a 52-week low of $9.09 was recorded on 02/21/24. SMA at 50 days reached $10.15, while 200 days put it at $11.71. A total of 0.22 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For KREF Stock
The 24-hour chart illustrates a support level at 9.83, which if violated will result in even more drops to 9.74. On the upside, there is a resistance level at 9.96. A further resistance level may holdings at 10.00. The Relative Strength Index (RSI) on the 14-day chart is 47.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.67%. Stochastics %K at 19.44% indicates the stock is a buying.
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 Mar 15, 2024, dropping by -0.66 million shares to a total of 1.07 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.73 million shares. There was a decline of -61.68%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.24% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.53.
The most recent change occurred on November 06, 2020 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating.
